Alibaba Cloud, the cloud division of Chinese tech giant Alibaba, has announced that it is building a metaverse launchpad on the Avalanche blockchain called Cloudverse.
The launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces in an attempt to find innovative ways to engage with customers. Avalanche will supply the technology to construct the metaverse spaces, while Alibaba Cloud will contribute computing and storage resources. The partnership is Alibaba’s second collaboration 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.
Through Cloudverse, builders will have access to various support systems, including interactive functions, continued operations, meta-economics, and events. Each metaverse space is expected to be ready within a month of the initial outreach. The platform’s
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