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.