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Monday, March 4, 2024

Alibaba Cloud Builds Launchpad to Deploy Metaverse on Avalanche

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Alibaba Cloud – a subset of Chinese e-commerce behemoth Alibaba – along with Avalanche has built a launchpad for businesses to deploy metaverses on the layer 1 blockchain.

Dubbed “Cloudverse,” the platform is designed to serve as a one-stop, end-to-end solution for businesses to easily customize, launch, and maintain their own metaverse space, thereby creating new dimensions for engaging customers.

Alibaba Cloud’s Metaverse Launchpad

According to the official blog post, all of the blockchain elements in the new offering, such as digital land, wearables, and other digital assets, are built on Avalanche.

Alibaba Cloud is tasked with providing scalable, highly efficient, and secure cloud infrastructure offerings, including computing, storage, database and networking, and intelligence operation platforms. On the other hand, Avalanche, along with a third partner called MUA DAO, will focus on providing solutions for building metaverse spaces.

In a statement, Raymond Xiao, Head of International Web3 Solutions, Alibaba Cloud Intelligence, spoke about the strong demand from businesses in the Asia-Pacific region planning to foray into the Web3 space as a result of the rising popularity of blockchain technology and the metaverse. Xiao further added,

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“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.”

The partnership between Alibaba Cloud and Avalanche dates back to December 2022, when the two entities announced an integration to power the former’s Node-as-a-Service initiatives. During the same time, the cloud computing division of the Chinese conglomerate began offering infrastructure and tools to help Asia-based users launch validators on the network.

Alibaba Cloud’s Web3 Strategy

As it strengthens its footprint in the Web3 space, Alibaba Cloud recently unveiled plans to accelerate the growth of a more inclusive and secure modern internet powered by blockchain technology. As such, the company partnered with a layer one blockchain protocol – Elastos – last month in order to build and deploy next-generation solutions.

Besides, Alibaba Cloud also signed a memorandum of understanding with Sui blockchain developer Mysten Labs in January to develop sustainable Web3 ecosystems.

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