Alibaba Cloud has developed a launch pad called Cloudverse on the Avalanche blockchain, providing a platform for businesses to create and manage their metaverse spaces.
Avalanche will supply the technology for building metaverse environments, while Alibaba Cloud will offer computing and storage solutions.
- Cloudverse, built by Alibaba Cloud, is a launch pad for businesses to deploy metaverse spaces on the Avalanche blockchain.
- The platform allows companies to customize and maintain their metaverse environments, exploring new ways to engage with customers.
- Avalanche provides the technology for building metaverse spaces, while Alibaba Cloud offers computing and storage capabilities.
- This collaboration marks Alibaba's second partnership with a blockchain network in under a month.
- The initial announcement had a negligible effect on the price of Avalanche's native token, AVAX.
- This collaboration marks Alibaba's second partnership with a blockchain network in under a month, as it recently joined forces with Mysten Labs.