The Avalanche crypto project team teamed up with Alibaba cloud service.
Alibaba Group Holding Limited (Alibaba) is a Chinese multinational tech company, which is specialized in e-commerce, retail, Internet, and technology. This company was founded in 1999 and at present provides huge numbers of services like sales services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services.
On 2 December, the Avalanche crypto project team announced on Twitter that Avalanche & Alibaba are now in support of each other to provide tech solutions for blockchain devs in the existing Alibaba cloud services.
This collaboration of these two companies will help the developers to easily launch their validator nodes, with access to Alibaba Cloud’s plug-and-play infrastructure and suite of products.
At the time of writing this article, the price of AVAX (the native token of Avalanche crypto project) is $13.51 and this price is 3.93% high over the last 24 hours’ trade price.
Here we should not consider this collaboration as a crypto assets’ adoption because Alibaba is a fully Chinese company but surely its services are available globally and devs can use the Alibaba Cloud ecosystem for their blockchain-related works easily.
Last month a genuine report source noted that citizens from China are still active in the crypto sector. The majority of the active crypto investors from China are using VPN services & Defi platforms to trade funds. These things are totally strange because China introduced its national crypto ban in 2021 with highly strict rules but still people are taking advantage of decentralised nature of the crypto networks.