Alibaba, the Chinese tech giant, has recently introduced a new platform named Cloudverse under its cloud division, Alibaba Cloud. The main objective of this platform is to offer companies a complete solution to personalize and sustain their metaverse spaces.
Cloudverse is constructed on the Avalanche blockchain, which will be utilized for metaverse space development, while Alibaba Cloud will provide the required storage and computing. This launch took place just four weeks after the partnership between Alibaba and Mysten Labs, the developer of Sui Layer 1 blockchain technology. The collaboration aimed to furnish node services for validators on the network’s testnet.
Offering of this Cloudverse
The Cloudverse platform enables businesses to customize, launch and maintain their own metaverse spaces on the Avalanche blockchain. To ensure seamless integration and customization for metaverses, MUA DAO, a third-party partner, will also provide the necessary assistance.
The Avalanche Metaverse Launchpad from Alibaba Cloud is designed to simplify the process of building decentralized applications (dApps) and non-fungible tokens (NFTs) within the metaverse.
The metaverse is a virtual realm where individuals can interact with each other, purchase and sell virtual items, and participate in a variety of activities. As the metaverse gains more traction, there is a growing need for infrastructure to support it, and the Alibaba Cloud Metaverse Launchpad is poised to meet that demand.
Primary Goal of Cloudverse
The aim of Cloudverse launchpad is to equip enterprises with a comprehensive solution for designing and managing their metaverse spaces and exploring innovative ways of engaging their clientele. In this Metaverse project, Alibaba is providing computing and storage services, while Avalanche is contributing the technology for building this metaverse. During the announcement of this new collaboration, Avalanche’s native token, AVAX, experienced a surge of around 1%, rising from $16.87 to $17.01, as of writing this article.