The demand for blockchain and metaverse technology has been on the rise lately.
For businesses looking to bring their brand to Web 3.0 , Alibaba Cloud helps its customers with the transition.
To achieve this, the digital technology division of Alibaba Group has partnered with Avalanche.
The main purpose of the partnership will be to create metaverses for businesses in the Alibaba ecosystem.
According to an announcement made at the Avalanche Summit II in Barcelona, an innovative metaverse launcher called Cloudverse will be used to achieve these goals.
With Cloudverse, businesses can now reach the metaverse world in a much faster and cheaper way. Avalanche says:
“Cloudverse offers businesses a cost-effective and easy way to extend their brand into the Web3 virtual world.”
Meanwhile, Metaverse Universal Assets DAO (BUY DAO) will also act as a third partner in the deal, acting as middleware. That is, it will provide a service layer that helps to integrate the aforementioned metaverses.
Tech giant Alibaba has been very interested in promoting the adoption of blockchain technology and Web 3.0. And it seems Avalanche is the key to its ambitions in this respect.
In December last year, Alibaba partnered with Avalanche to launch infrastructure as a service (IaaS) on the platform.
