Robert Steinadler, a month ago
Avalanche has had an impressive performance during the last bull market and it is competing as a high-speed blockchain against Ethereum, Polygon, and Solana. This highly competitive environment demands that Avalanche needs to push on all fronts to keep its market share and provide everything that is needed to become a metaverse power hub. Partnerships are usually the most important effort when it comes down to evolving the ecosystem of a blockchain.
What kind of deal did Avalanche close with Alibaba Cloud and how could this affect the metaverse adoption?
Most decentralized applications rely on cloud services as most software does. It is therefore imperative that cloud services are easily accessible to companies building dApps on Avalanche. Recently, Avalanche announced the launch of Cloudverse.
Cloudverse is a one-stop, end-to-end solution for launching and customizing their own metaverse spaces. All virtual items and aspects of the virtual world are built upon Avalanche and its unique blockchain technology. Alibaba Cloud is providing the infrastructure including storage, database, and networking, while Avalanche and MUA DAO will provide the solutions needed to develop a full-blown metaverse experience.
This is not the first partnership of this kind. In early 2023, Avalanche announced a similar deal with Amazon AWS. It appears that Avalanche is keen on establishing more partnerships when it comes down to infrastructure deals.
Even with good news and an expanding set of partners, the current market environment isn’t easy for Avalanche. Other blockchains are also expanding and entering completely new fields such as Solana. It remains to be seen if Saga becomes a success but offering a Web3 smartphone is still unique and if the device creates a breakthrough in adoption, then competitors would miss out on the opportunity.
Recently, another high-speed blockchain called SUI started after a much-anticipated launch. Ethereum isn’t exactly a high-speed chain, but with layer-2 solutions such as Arbitrum or Optimism, there are advanced options available.
It looks like this part of the blockchain space is getting crowded and with more chains becoming easily available it will become harder for each blockchain to defend its market share. Therefore, it is most important for Avalanche to keep building its ecosystem and encouraging software companies to choose Avalanche as their favorite blockchain platform. Cloudverse could turn out to be one element that provides the much-needed edge to convince future customers.
Featured image: © Karolis Kavolelis / Shutterstock.com
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