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Alibaba Cloud Builds Metaverse Launchpad on Avalanche

Named Cloudverse, the launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces.

By Jamie Crawley
AccessTimeIconMay 4, 2023 at 3:27 p.m. UTC
Updated May 9, 2023 at 4:13 a.m. UTC
The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)

The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)

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The cloud division of Chinese tech behemoth Alibaba (BABA) has built a launchpad for businesses to deploy metaverses on the Avalanche blockchain.

Named Cloudverse, the launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces to try and find new ways of engaging with their customers.

Avalanche will provide the technology for building the metaverse spaces, while Alibaba Cloud will provide the computing and storage, according to an emailed announcement on Thursday.

The partnership is Alibaba's second such tie-up with a blockchain network in less than a month, following its agreement with Mysten Labs, developer of the Sui Layer 1 blockchain, to provide node services for validators on the network's testnet.

Avalanche's native token AVAX was little affected by the initial announcement of the news, rising less than 1% from $16.86 to $16.98 as of 15:20 UTC (11:20 a.m. ET).

Edited by Nelson Wang.




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Jamie Crawley
Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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