Alibaba Cloud has announced that it will build the Metaverse Launchpad on the Avalanche Blockchain.
Chinese technology giant Alibaba’s Cloud leg has created a platform for businesses to make Metaverses on the Avalanche Blockchain.
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The development environment, called Cloudverse, is designed to provide an end-to-end platform for companies to customize and maintain metaverse spaces to experiment and find new ways to interact with their customers.
Cloudverse was designed to provide an end-to-end platform for companies to customize and maintain their Metaverse domains.
According to an emailed announcement by Alibaba, Avalanche will provide the technology to create Metaverse plots or playgrounds, while Alibaba Cloud will provide computing and storage.
The partnership becomes Alibaba’s second such connection to a blockchain network in less than a month, following an agreement with Mysten Labs, the developer of the Sui Layer-1 Blockchain, to provide node services for validators on the network’s testnet.
Avalanche’s native token, AVAX, experienced a slight rise after the news was first announced.
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