Following a recent blog post, AIOZ Network, a decentralised infrastructure network (DePIN), has emerged as Alibaba Cloud’s top blockchain partner for the Innovation Accelerator programme.
Since the blog post was published, the price of AIOZ, the native token, has stayed steady at 90 cents. CoinMarketCap indicates that in the last 30 days, it has increased by more than 200%.
In southeast Asia, the two businesses will also form a DePIN collaboration.
The Singapore-based AIOZ Network will enhance its ecosystem and enhance Web 3 AI, storage, and streaming infrastructure by utilising Alibaba Cloud’s cloud services.
The founder of AIOZ Network, Erman Tjiputra, stated, “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.” Alibaba Cloud has now made several forays into the cryptocurrency space; last May, it built a metaverse launchpad on Avalanche, and a month later, it partnered with NEAR to boost Web 3 adoption in Asia.