- Chinese tech giant Alibaba’s cloud division Alibaba Cloud has partnered with blockchain platform Avalanche to create a metaverse launchpad for companies
- Named Cloudverse, the platform enhances how businesses engage with their clients in a virtual world
- Alibaba Cloud will provide the computing power while the blockchain platform will take care of Cloudverse’s technology
Chinese tech giant Alibaba’s cloud division, Alibaba Cloud, has partnered with blockchain platform Avalanche to create a metaverse launchpad for companies. Named Cloudverse, the platform enhances how businesses within the tech giant’s ecosystem engage with their clients in a virtual world. As per the partnership, Alibaba Cloud will provide computing power and storage while the blockchain platform handles the technology aspect.
Building the Future With Alibaba Cloud
The platform allows corporate entities to create and maintain their metaverse platforms. The metaverse launchpad provides companies with an easy way to enter the Web 3.0 space, with the blockchain platform’s head John Wu adding that Cloudverse enables Alibaba Cloud to be part of building the future.
Today, @alibaba_cloud announced that they are entering the metaverse–on Avalanche!
With Cloudverse, Alibaba Cloud’s millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers.#Avalanche will provide all blockchain elements for Cloudverse👇 pic.twitter.com/AlibhHjidN
— Avalanche 🔺 (@avax) May 4, 2023
The partnership will also involve Metaverse Universal Assets DAO which will provide the ability to customize the metaverses, allowing businesses creating virtual worlds to access critical features such as interactive functions and visualizations.
Alibaba Cloud Intelligence head Raymond Xiao said that the creation of Cloudverse was influenced by a “strong demand from businesses in the Asia-Pacific region” expressing interest in Web 3.0 due to the popularity of decentralized technology and virtual worlds.
Alibaba Users Running Nodes on Avalanche
The partnership comes less than six months after the two entities came together to allow Alibaba Cloud users in Asia to operate validator nodes on Avalanche. It also comes four months after Avalanche-powered NFTs found their way into Shopify.
With leading tech giants like Alibaba and Google entering the blockchain space, the adoption of 3.0 and metaverse platforms is likely to increase.
