Alibaba disclosed that its cloud division was building a metaverse launchpad called Cloudverse while speaking at the largest e-Commerce platform, Avalanche Summit Conference, in Barcelona. Avalanche, a Layer 1 blockchain business, and the Alibaba Group worked together to develop the metaverse project, according to the statement made on May 4.
The collaboration seeks to give companies operating within the Alibaba ecosystem an easy and quick approach to creating and managing their metaverses.
The Avalanche crew states that “Cloudverse gives businesses an easy, white-glove, and cost-effective way to expand their brands to the Web3 virtual world.”
The middleware will be supplied by a third partner, Metaverse Universal Assets DAO (sometimes referred to as MUA DAO), which will also offer a service layer to assist connect and tailor the unfinished metaverses.
John Wu, president of Ava Labs, stated in a statement that “Cloudverse powered by Avalanche offers millions of consumer-facing businesses a quick, low-overhead, one-stop gateway into Web3. We are eager to observe how companies develop in the Cloudverse and to keep constructing the future with Alibaba Cloud.”
Through this collaboration, enterprises that are developing on the Cloudverse platform will have access to support, visualizations, interactive capabilities, and all other things that Avalanche and MUA DAO will make possible.
Virtual reality (VR) and augmented reality (AR) are two common technologies used in metaverses, however, the statement did not specify which ones will be supported.
Alibaba, a tech giant, is making yet another foray into Web3. The two companies first partnered in December 2022 to deploy infrastructure-as-a-service (IaaS) on the platform, enabling users in Asia to launch node validators to boost blockchain adoption in the region.
In a blog post, Alibaba Cloud Intelligence’s Raymond Xiao, Head of International Web3 Solutions, wrote: “Through the launch of the metaverse launchpad on Avalanche for CloudVerse, we are excited to offer businesses a way to kickstart their metaverse journeys and drive innovations and new possibilities for their businesses while elevating customer experiences.”
With a $5.6 billion market valuation, Avalanche is now one of the top 20 blockchains. It previously garnered headlines in January when it joined forces with Amazon Web Services (AWS), a well-known cloud computing platform.