The demand for blockchain technology and the metaverse has been on the rise lately.
With businesses willing to carry their brands web 3.0, Alibaba Cloud has taken it upon itself to help its customers with their transition. To achieve this, the Digital Technology and Intelligence Division alibaba group has partnered with Layer-1 Blockchain Avalanche.
alibaba cloud and avalanche
The major objective of the partnership will be to create a metaverse for businesses within the Alibaba ecosystem, even if it is on the blockchain.
An innovative Metaverse Launcher called Cloudverse will be used to achieve these goals, according to an announcement made at the Avalanche Summit II conference in Barcelona. And with Cloudverse, businesses can now access the world of the Metaverse in a much faster and cheaper way. Avalanche said:
“Cloudverse gives businesses an easy, white-glove and cost-effective way to expand their brand into the Web3 virtual world.”
Meanwhile, the Metaverse Universal Assets DAO (MUA DAO) will also play a role as a third participant in the arrangement, acting as a middleware. Namely, it would provide a service layer that would help in the integration of the said metaverse.
Essentially, businesses looking to build on the Cloudverse will have access to much more than just the Metaverse. They will be able to access many other features that will be enabled through the MUA DAO. These features include support, interactive functions, and visualizations.
Alibaba Maintains Web 3.0 and Blockchain Adoption Drive
For what it’s worth, tech giant Alibaba is eager to embrace blockchain technology and Web 3.0. And it appears that the Avalanche has been critical of its ambitions in this regard.
Recall that last December, Alibaba partnered with Avalanche to launch Infrastructure-as-a-Service (IaaS) on the platform. And by all means, that partnership is expected to spur blockchain adoption in the Asian region. This is because IaaS makes it possible for users in the region to launch node validators.
With Cloudverse, Alibaba is hoping to open up wider access to the world of Web 3.0. This is considering that it also has millions of customers on its Alibaba Cloud.
Raymond Xiao, head of International Web3 Solutions for Alibaba Cloud, also talked about what informed the firm’s decision. According to him, there is no doubt about the growing popularity of blockchain technology and the metaverse. In addition, the demand for them has also been increasing recently, especially in the Asia-Pacific region. Jio claims that it was this strong demand that prompted Cloudverse to step in. then he added blog post,
“We are excited to provide a way for businesses to kickstart their metaverse journey and drive innovation and new possibilities for their businesses.”
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his writing style. He firmly believes in the potential of digital assets and takes every opportunity to reiterate this. He is also an avid reader, a researcher, an astute speaker and a budding entrepreneur. Although away from crypto, Mayowa’s distractions include discussing soccer or world politics.
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