PlayIconNav
BTC
$67,835.87+1.32%
ETH
$3,253.71+0.09%
BNB
$584.41+1.04%
SOL
$183.35+3.55%
XRP
$0.59931056-0.92%
DOGE
$0.13465152+4.18%
CD20
$2,289.15+1.63%
TON
$6.67-0.68%
ADA
$0.41482424+1.73%
TRX
$0.13742831+0.56%
AVAX
$28.63+2.73%
WBTC
$67,945.41+1.44%
Ad
Finance

AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services

Alibaba Cloud teamed up with NEAR to enhance web3 adoption in Asia last year.

By Oliver Knight
AccessTimeIconMar 22, 2024 at 10:05 a.m. UTC
Updated Mar 22, 2024 at 10:07 a.m. UTC
(Larry Teo/Unsplash)
(Larry Teo/Unsplash)
  • The two companies will establish a DePIN alliance in south-east Asia.
  • AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.
  • AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.
VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative, according to a blog post.

    AIOZ’s native token (AIOZ) is currently trading at 90 cents, having remained stable after the blog post was published. It is up by more than 200% in the past 30 days, according to CoinMarketCap.

    The two companies will also establish a DePIN alliance in south-east Asia.

    Singapore-based AIOZ Network will use Alibaba Cloud’s cloud services to expand its ecosystem as well as improve Web 3 AI, storage and streaming infrastructure.

    “This collaboration with Alibaba Cloud represents a significant step forward. We are excited to foster and support groundbreaking innovations from the next generation of developers,” said AIOZ Network founder Erman Tjiputra.

    Alibaba Cloud has now made several forays into the crypto industry, it built a metaverse launchpad on Avalanche last May before teaming up with NEAR to boost Web 3 adoption in Asia one month later.

    Edited by Parikshit Mishra.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight
    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

    Follow @OKnightCrypto on Twitter