Chinese IT giant Alibaba Cloud has joined up with Ethereum rival Avalanche (AVAX) on a new venture called “Cloudverse”

Alibaba Cloud is collaborating with Avalanche (AVAX), an Ethereum (ETH) competitor, to enter the metaverse.

With the help of Alibaba Cloud, the layer-1 protocol has announced its intention to launch Cloudverse, an online marketplace for companies and their products.

Alibaba Cloud has declared its arrival in the metaverse, and they’re doing it on Avalanche! Cloudverse allows Alibaba Cloud’s millions of users to quickly and easily construct unique metaverses, providing users with access to previously unavailable experiences.

Avalanche has announced on its blog that it will be working with the decentralized autonomous organization (DAO) Metaverse Union of Architects (MUA) to deliver solutions for creating a metaverse. The digital infrastructure will be provided by Alibaba Cloud.

“Alibaba Cloud and Avalanche are revolutionizing the ways in which businesses can generate profit and take advantage of Web3’s opportunities. Cloudverse powered by Avalanche provides millions of companies that deal directly with consumers with a simple, low-cost entry point into the Web3 world. We look forward to observing the expansion of enterprises into the Cloudverse and to continuing to construct the future with Alibaba Cloud,” says Ava Labs president.

According to Avalanche, One month after the initial outreach users will be able to initiate their personalized metaverse spaces.

The blog article claims that the ETH contender will aid Cloudverse enterprises in areas like presentation, meta-economics, interactivity, events, and maintenance of operations.

To facilitate the creation of AVAX validator nodes using Alibaba’s services, Avalanche and Alibaba Cloud originally joined forces in December 2022. Avalanche is trading at $17.41 at the time of writing, representing a 2.2% increase over the past 24 hours.

Also Read: Very Old Dogecoin whale awakens and moves 1,556,998 DOGE