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Cryptocurrency News Articles
AIOZ Network and Alibaba Cloud Join Forces to Advance DePIN in Southeast Asia
Mar 22, 2024 at 07:16 pm
AIOZ Network and Alibaba Cloud: A Match Made in Tech Heaven?
Is AIOZ Network's Alliance with Alibaba Cloud a Game-Changer for DePIN in Southeast Asia?
AIOZ Network, a decentralized physical infrastructure (DePIN) platform for Web3, has announced a partnership with Alibaba Cloud, China's largest cloud provider, as part of the latter's Innovation Accelerator program. This strategic alliance aims to enhance DePIN capabilities and reach within the Asia-Pacific region.
What's the Big Deal?
This partnership will facilitate AIOZ's utilization of Alibaba Cloud's extensive cloud services to expand its ecosystem. The goal is to establish a DePIN Alliance in Southeast Asia, bolstering AIOZ's Web3 AI infrastructure, storage, and streaming capabilities.
AIOZ Token Surges: Is This a Sign of Things to Come?
The news has further fueled the growth of the AIOZ token, which has surged by 210% over the past month and 30% in the past week, indicating the project's remarkable momentum. AIOZ currently trades around $0.90, according to CoinMarketCap.
Alibaba Cloud's Crypto Ambitions: Beyond the Cloud
Alibaba Cloud, China's dominant cloud computing platform, has been making waves in the cryptocurrency space, particularly in 2023. Prior to its partnership with AIOZ, Alibaba Cloud collaborated with Sui to provide node services, built a Metaverse Launchpad on Avalanche, and joined forces with NEAR Foundation and Aptos.
What's the Takeaway?
The AIOZ Network and Alibaba Cloud partnership is a significant development that could accelerate the adoption of DePIN technology in Southeast Asia. The combination of AIOZ's decentralized infrastructure and Alibaba Cloud's cloud expertise holds the potential to revolutionize Web3 infrastructure. As the crypto market continues to evolve, it will be intriguing to monitor the impact of this alliance on the growth of AIOZ Network and the wider DePIN ecosystem.
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- Shiba Inu (SHIB) Price Shows Signs of Breakout, But Crypto Experts Believe This Low-cost Token (ETFS) Has More Potential to Grow 30,000% First
- Oct 30, 2024 at 08:15 am
- The Shiba Inu price has been an impressive uptick as the crypto market gains stability. Crypto experts have even begun making significant projections as high as 50% for Shiba Inu price in the coming days.
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- Tether Mints $1B USDT on Tron Blockchain, but Tokens Are Still Under "Authorized But Not Issued" Status
- Oct 30, 2024 at 08:15 am
- The newly minted tokens are already available to use, however, they are still under the “authorized but not issued”, meaning that the new billion USDT won’t impact Tether's market capitalization.