The Cloud division of the Chinese technology giant Alibaba, which draws attention with its partnerships in the crypto money market, announced that it will create the Metaverse Launchpad on the Avalanche Blockchain. However, the popular altcoin AVAX reacted to the development with its price! Here are the details…
Alibaba Cloud announces partnership with popular altcoin project Avalanche (AVAX)!
As we reported as Kriptokoin.com, the Cloud division of Chinese technology giant Alibaba announced that it has created a launchpad for businesses to set up metaverses on the Avalanche (AVAX) blockchain. Launchpad, called Cloudverse, is a project designed to provide an end-to-end platform for companies to customize and maintain metaverse spaces to try and find new ways to interact with their customers.
Alibaba Cloud will provide compute and storage, while Avalanche will provide the technology to build metaverse spaces, according to the announcement via email on Thursday. The collaboration marks Alibaba’s second deal with a blockchain project 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. After the deal and cooperation, Avalanche’s native coin AVAX rose 1 percent after the news spread through the platforms and rose from $ 16.86 to $ 16.98.
So what benefits will Cloudverse offer?
Cloudverse aims to bring a simple, high-contact, cost-effective metaverse solution to businesses. The launch of Cloudverse reflects a deepening relationship between Alibaba Cloud and Avalanche, and Alibaba Cloud provides infrastructure technology and tools to enable Asian users to launch validators on the Avalanche network. With strong support from Alibaba Cloud, Avalanche is powering blockchain adoption in Asia, where it is developing greater brand awareness and greater presence.
Cloudverse business founders will receive support on visuals, metaeconomics, interactive functions, events, ongoing metaverse operation, and more. This process is expected to take up to 30 days. However, businesses will not need to purchase any metaverse land to join Cloudverse, which will be completely open, meaning anyone can join.
The power of Metaverse and blockchain technology is growing!
The growing popularity of blockchain technology and the metaverse has created strong demand from businesses in the Asia-Pacific region planning to enter the Web3 world. With the launch of the metaverse launchpad at Avalanche for CloudVerse, Alibaba Cloud aims to offer businesses a way to launch their metaverse journey and drive innovation and new possibilities for their businesses while elevating their customer experience.
Alibaba Cloud’s comprehensive offerings in cloud computing, storage and networking support enterprises’ entry into the Web3 ecosystem, in line with its focus on supporting an open digital economy. With Cloudverse, Alibaba Cloud and its partners are changing the way businesses create value and seize Web3 opportunities. Launchpad can help businesses expand into the Cloudverse and build the future by providing millions of consumer businesses with a fast, low-cost, one-stop gateway to Web3.
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