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.