Singapore-based AIOZ Network, a decentralized infrastructure network (DePIN), has secured a pivotal role as the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative. The collaboration, highlighted in a recent blog post, signifies a strategic alliance that is set to reshape the blockchain landscape in south-east Asia.
AIOZ Network's native token, AIOZ, is currently trading at 90 cents, demonstrating stability following the announcement. Notably, the token has surged by over 200% in the last 30 days, as reported by CoinMarketCap.
Under this partnership, AIOZ Network will leverage Alibaba Cloud’s robust cloud services to enhance its ecosystem and bolster Web 3 AI, storage, and streaming infrastructure. This collaboration is poised to catalyze groundbreaking innovations and empower the next generation of developers.
Erman Tjiputra, the founder of AIOZ Network, expressed enthusiasm about the collaboration, stating, “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's entry into the crypto industry has been marked by strategic initiatives. Last May, it developed a metaverse launchpad on Avalanche and later partnered with NEAR to drive Web 3 adoption in Asia. This strategic collaboration with AIOZ Network underscores Alibaba Cloud's commitment to advancing blockchain technology and fostering innovation in the region.
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