Alibaba Cloud and Avalanche partner to launch Blockchain-based Metaverse platform
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Alibaba Cloud and Avalanche partner to launch Blockchain-based Metaverse platform
Skyrealm will facilitate the creation and management of virtual reality environments on Avalanche’s layer 1 blockchain with support from Alibaba Cloud.
E-commerce giant Alibaba’s cloud computing division, Alibaba Cloud, has partnered with blockchain-based platform Avalanche to create a new launch platform called Skyrealm, which facilitates the creation of metaverses on the blockchain. This all-in-one solution is designed to help businesses easily develop and manage their virtual reality environments.
Skyrealm will use Avalanche’s layer 1 blockchain as its foundation, and Alibaba Cloud will provide a secure, high-performance cloud infrastructure for this platform, along with support for intelligent operation platforms, computing, storage and networking. Raymond Xiao, head of international web3 solutions at Alibaba Cloud, stated that this alliance between the two parties is an important solution to respond to the growing demand for businesses in the Asia-Pacific region to jump on board the web3 and blockchain bandwagon.
Alibaba Cloud has made significant efforts to expand its presence in the Web3 realm, as evidenced by its recent partnership announcements with blockchain protocol Elastos and Sui blockchain developer Mysten Labs. The Chinese firm is committed to helping create more progressive and secure solutions for the modern internet that relies on blockchain technology.
Avalanche, the blockchain-based platform, offers innovative tools that support fast and efficient deployment of applications without the traditional delays that usually plague such launches. The platform’s advanced tools, which require minimal coding, offer unparalleled configurability that enables companies to launch their Web3 innovations in as little as 60 seconds. This capability is particularly beneficial given how faster time-to-market improves a company’s ability to remain competitive in today’s business environment.
According to the official website, Avalanche’s new architecture with integrated subnets allows a new level of scalability without reducing security, speed or reliability. This system allows interconnected but independent blockchains that maintain security measures performed by dynamic subsets of validators, ensuring more robust platforms. These exciting features have huge appeal to key players such as Chinese e-commerce powerhouse Alibaba Cloud, who are eager to expand further into the Web3 sphere and create new, innovative and cutting-edge applications that outperform the competition.
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