Blockchain And E-commerce Giant Form An Alliance

TL:DR

• Alibaba Cloud has developed a launchpad called Cloudverse on Avalanche blockchain for businesses to create their own metaverse.
• Avalanche will provide the technology for building metaverse spaces, while Alibaba Cloud will provide computing and storage.
• The partnership follows Alibaba’s agreement with Mysten Labs, developer of the Sui Layer 1 blockchain, to provide node services for validators on the network’s testnet.

Alibaba Cloud, the cloud division of Chinese tech giant Alibaba, has developed a launchpad on the Avalanche blockchain to deploy metaverses for businesses. The end-to-end platform, named Cloudverse, aims to provide companies with a customisable and easy-to-maintain metaverse space that can offer new ways of engaging with customers. Avalanche will provide the blockchain technology, while Alibaba Cloud will provide computing and storage. The partnership is Alibaba’s second tie-up with a blockchain network in less than a month, following its agreement with Mysten Labs to provide node services for validators on the Sui Layer 1 blockchain testnet.

According to an announcement on Thursday, Cloudverse offers businesses an easy, white-glove, and cost-effective way to expand their brands to the Web3 virtual world. Cloudverse will allow companies to access support, visualizations, interactive functions, and other features enabled through Avalanche and MUA DAO, the third partner that will provide the middleware, offering a service layer that will help integrate and customise the metaverses. Raymond Xiao, Head of International Web3 Solutions for Alibaba Cloud Intelligence, stated, “through the launch of the metaverse launchpad on Avalanche for CloudVerse, we are excited to offer businesses a way to kickstart their metaverse journeys and drive innovations and new possibilities for their businesses while elevating customer experiences.”

Alibaba’s Cloudverse launchpad on Avalanche is aimed at businesses operating in the Alibaba ecosystem and offers them a quick, low-overhead, one-stop gateway into Web3, said John Wu, president of Ava Labs. Wu stated, “We look forward to seeing how businesses expand into the Cloudverse — and to continuing to build the future with Alibaba Cloud.” The partnership with Avalanche is another step into Web3 from Alibaba, which deployed infrastructure-as-a-service on the platform in December 2022, allowing Asia-based users to launch node validators to increase blockchain adoption in the region.

The move into metaverse technology comes at a time when interest in the concept is growing exponentially. Cloudverse’s easy-to-use platform could offer an attractive opportunity for businesses looking to enter the metaverse market quickly and efficiently. The collaboration between Avalanche and Alibaba Cloud is a promising example of the capabilities of blockchain technology in developing metaverses and how it could be used by businesses to innovate and create new possibilities.

Alibaba’s latest metaverse launchpad on Avalanche is just one example of how the company is expanding its offerings in the blockchain space. In December 2022, the tech giant partnered with Avalanche to deploy infrastructure-as-a-service (IaaS) on the platform, allowing Asia-based users to launch node validators, with the goal of increasing blockchain adoption in the region.

The launch of Cloudverse, in partnership with Avalanche and MUA DAO, represents another step forward in Alibaba’s strategy of exploring the potential of blockchain technology. The new platform aims to offer businesses a seamless and cost-effective way to enter the Web3 virtual world and expand their brands. It will provide a complete solution for customizing and maintaining metaverse spaces, with Avalanche offering the technology for building the spaces and Alibaba Cloud providing computing and storage.

John Wu, president of Ava Labs, commented on the partnership, stating, “Cloudverse powered by Avalanche offers millions of consumer-facing businesses a quick, low-overhead, one-stop gateway into Web3. We look forward to seeing how businesses expand into the Cloudverse – and to continuing to build the future with Alibaba Cloud.”

This is an exciting development for the blockchain industry, as the metaverse represents a new frontier for commerce and engagement. As more companies explore the potential of metaverses, it is likely that we will see more partnerships and collaborations in this space, leading to increased innovation and growth.

As the technology and infrastructure surrounding the metaverse continues to develop, it will be interesting to see how businesses and consumers alike engage with these virtual environments. It is clear that Alibaba is positioning itself as a major player in the blockchain space, with Cloudverse and its other offerings serving as evidence of the company’s commitment to exploring the possibilities of this emerging technology.

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