E-Commerce Giant Alibaba Announces It Entered The Crypto Money Industry With This Altcoin!

Chinese e-commerce giant Alibaba announced Avalanche (AVAX) in partnership with cryptocurrency He has finally stepped into the world.

Alibaba Cloud Will Serve on Avalanche (AVAX) Altcoin Network

On Friday, Avalanche announced the inclusion of Alibaba Cloud on their blockchain to support validators and provide a modern infrastructure.

According to the official announcement, the new partnership will allow users to launch validator nodes through the service, access computing, storage and distribution resources through Alibaba Cloud’s suite of products.

To further strengthen the Avalanche ecosystem, new entrants looking to launch new AVAX validators will be able to do so easily 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 applications during peak times to keep up with user activities.

To announce the new integration, Alibaba Cloud will also offer discounts for all its services to developers on the Avalanche network.

Google Cloud has been running a campaign for the past few months where it has partnered with almost all the leading blockchain platforms in the crypto space. In many networks such as Ethereum, Solana, Hedera, Google Cloud has come to the fore in providing cloud infrastructures to crypto companies.

However, this launch was also met with some skepticism. People have expressed concerns about the centralization that could be a direct result of node engine servicing. It is reported that Google officials are aware of the issue and have no intention of taking over the entire Web3.

*Not investment advice.

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