Alibaba Signals Major Crypto Push By Joining This Blockchain Network – Crypto News – Crypto News
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Alibaba Signals Major Crypto Push By Joining This Blockchain Network Alibaba Signals Major Crypto Push By Joining This Blockchain Network

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Alibaba Signals Major Crypto Push By Joining This Blockchain Network – Crypto News

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2 years ago

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Alibaba Cloud has trumpeted a series of collaborations with popular networks and organizations in recent times, however with its latest collaboration with Avalanche, it has finally stepped into the crypto-space to further accelerate the tech giant’s support for Web3.

More Access To Cutting Edge Tech

On Friday, Avalanche announced the onboarding of Alibaba Cloud onto their public blockchain in order to support validators and provide state-of-the-art infrastructure.

As per the official announcementThe new partnership will enable users to launch validator nodes through the service, access computing, storage, and distribution resources through Alibaba Cloud’s suite of products.

To further bolster the avalanche ecosystem, new participants who are willing to launch new Avalanche validators would easily be able to do so with Alibaba’s plug-and-play infrastructure as a service (IaaS).

According to Avalanche, application developers can also add additional cloud infrastructure to support their app in times of peak demand to keep pace with user activity.

Read More: Avalanche Hottest In Crypto Community: Price Recovery Soon?

In order to celebrate the new integration, Alibaba Cloud will also be offering credits to developers of the Avalanche network towards any of their services.

Alibaba Following Google?

Google Cloud has been on a rampage for the past few months, where it had partnered with almost all leading blockchain platforms in the crypto space. Be it Ethereum, Solana, Hedera, Google Cloud has been at the forefront of providing cloud infrastructures to crypto companies.

Read More: Google Launches Node-hosting Service with Support for Ethereum

With the new partnership with Avalanche, Alibaba has signaled a major crypto push in the industry.

According to Gartner, Alibaba Cloud, which was launched in 2009 and serves as the digital technology and intellectual backbone of Alibaba Group, is the largest infrastructure as a service (IaaS) provider in Asia Pacific.

Customers from all over the world can make use of its extensive portfolio of cloud computing services, which includes elastic computing, database and storage services, network virtualization, large-scale computing, security, management, and application services.

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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