coindesk.com
The two companies will establish a DePIN alliance in south-east Asia.
$AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.
$AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.
Decentralized infrastructure network (DePIN) $AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative, according to a blog post.
$AIOZ’s native token ($AIOZ) is currently trading at 90 cents, having remained stable after the blog post was published. It is up by more than 200% in the past 30 days, according to CoinMarketCap.
The two companies will also establish a DePIN alliance in south-east Asia.
Singapore-based $AIOZ Network will use Alibaba Cloud’s cloud services to expand its ecosystem as well as improve Web 3 AI, storage and streaming infrastructure.
“This collaboration with Alibaba Cloud represents a significant step forward. We are excited to foster and support groundbreaking innovations from the next generation of developers,” said $AIOZ Network founder Erman Tjiputra.
Alibaba Cloud has now made several forays into the crypto industry, it built a metaverse launchpad on Avalanche last May before teaming up with NEAR to boost Web 3 adoption in Asia one month later.