AIOZ Network, a decentralized infrastructure network (DePIN), has announced a partnership with Alibaba Cloud, marking a significant milestone in its growth and the broader adoption of Web 3, AI, storage, and streaming technologies. This collaboration, as part of Alibaba Cloud’s Innovation Accelerator initiative, positions AIOZ Network as a leading blockchain partner in the initiative.
Boosting AIOZ’s Ecosystem with Alibaba Cloud
The partnership is set to leverage Alibaba Cloud’s robust cloud services to enhance and expand AIOZ Network’s ecosystem. Specifically, the focus will be on improving the infrastructure for Web 3 AI, storage, and streaming services. This move represents a significant leap forward in fostering and supporting innovative applications and services in the decentralized space.
Establishing a DePIN Alliance in Southeast Asia
A key aspect of this collaboration is the establishment of a DePIN alliance in Southeast Asia, signaling a strong commitment to advancing blockchain technology and decentralized services in the region. This alliance aims to create a more cohesive and supportive environment for developers and startups working on cutting-edge technologies.
AIOZ Token Sees Significant Growth
Following the announcement, AIOZ’s native token, AIOZ, has shown remarkable stability, trading at 90 cents. This stability comes after a dramatic surge in value, with the token experiencing a more than 200% increase in the past 30 days. This growth underscores the market’s positive response to AIOZ Network’s strategic initiatives and its partnership with Alibaba Cloud.
Alibaba Cloud’s Continued Crypto Industry Forays
Alibaba Cloud has been making significant strides in the crypto and Web 3 space, with several initiatives aimed at fostering innovation and adoption. Prior to the partnership with AIOZ Network, Alibaba Cloud launched a metaverse launchpad on Avalanche and collaborated with NEAR to promote Web 3 adoption in Asia. These efforts highlight Alibaba Cloud’s role as a key player in the transition towards more decentralized and innovative digital services.
This collaboration between AIOZ Network and Alibaba Cloud represents a significant step towards enhancing the capabilities and reach of decentralized services, particularly in the realms of AI, storage, and streaming. With both entities bringing their expertise and resources to the table, the future looks promising for the development and adoption of Web 3 technologies.
