According to the group’s official press release, this alliance will allow Avalanche users in Asia to set up validation nodes, create products, and store and distribute resources using Alibaba Cloud’s suite.
To support their network, Avalanche developers can use Alibaba Cloud’s plug-and-play infrastructure as a service (IaaS) that is highly accessible.
The platform’s infrastructure is also open to application developers, who can use it to enhance their creations and meet demand when it is high.
Network decentralization is further aided by Alibaba Cloud’s infrastructure technology and intelligence tools, according to a tweet from Avalanche. According to the company, anyone could run a node on Avalanche and have better access to compute storage and distribution resources.
Alibaba Cloud also offered a special offer for Avalanche developers to receive credit on any of its services to mark this relationship.
Alibaba Cloud, established in 2009, is the largest cloud service provider in the Asia-Pacific region. It ranks third globally behind Google Cloud and Amazon Web Services (AWS).
The platform hosts more than 2800 nodes as the business division and cloud computing arm of Alibaba Group. It serves more than 2.3 million users worldwide with various cloud services.
Avalanche’s best-known features, meanwhile, are its near-instantaneous transaction times, affordable gas charges and reliable network. Aave, Sushi, Curve, and Chainlink are among 1000 <> notable projects the network currently hosts.
AVAX Price Prediction
AVAX, the network’s native cryptocurrency, has advanced since Friday following the announcement, rising more than 6%. The pair will encounter resistance at $14. If it is broken, the next target will be $18 or the pre-crash price of FTX.