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Cryptocurrency News Articles
AIOZ Network Targets Southeast Asian Dominance with Alibaba Cloud Alliance
Mar 22, 2024 at 06:07 pm
Is AIOZ Network Poised for a South-East Asian Takeover?
Singapore-based AIOZ Network has made a strategic move by partnering with Alibaba Cloud, a leading cloud provider in the region. The collaboration is aimed at enhancing AIOZ's ecosystem and improving its Web 3 AI, storage, and streaming infrastructure.
AIOZ Token Remains Stable Amidst Announcement
Despite the announcement, AIOZ's native token (AIOZ) has remained relatively flat, currently trading around 90 cents. However, it's worth noting that the token has experienced a remarkable surge of over 200% in the past 30 days, indicating a strong upward trend.
DePIN Alliance in South-East Asia: A Game-Changer?
The two companies are set to establish a DePIN alliance in South-East Asia, which could be a significant development for the region. DePIN (Decentralized Infrastructure Network) aims to provide a distributed, secure, and scalable infrastructure for Web 3 applications.
Alibaba Cloud's Crypto Ambitions
Alibaba Cloud's partnership with AIOZ Network is part of its broader foray into the crypto industry. Last May, the company launched a metaverse launchpad on Avalanche and later teamed up with NEAR to promote Web 3 adoption in Asia.
AIOZ's Expansion Plans
AIOZ Network will leverage Alibaba Cloud's cloud services to expand its ecosystem and reach a wider audience in South-East Asia. The partnership is expected to accelerate the development and adoption of innovative Web 3 solutions in the region.
Founder's Optimism
AIOZ Network founder Erman Tjiputra expressed his enthusiasm about the collaboration, stating, "This partnership with Alibaba Cloud represents a significant step forward. We are excited to foster and support groundbreaking innovations from the next generation of developers."
Conclusion
AIOZ Network's partnership with Alibaba Cloud is a significant development that could accelerate its growth and adoption in South-East Asia. The DePIN alliance has the potential to transform the region's Web 3 infrastructure, while AIOZ's native token continues to show strong momentum. It remains to be seen how the collaboration will unfold, but it's certainly one to watch for investors and industry enthusiasts alike.
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