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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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Oranje Prepares to Acquire Over $200M in BTC, Mimicking Michael Saylor's Strategy in Brazil and Latin America
- Apr 29, 2025 at 09:50 pm
- A new challenger in the institutional bitcoin arena is about to rise, based in Latin America. According to local media, Itau BBA, the investment bank of Itau, the largest banking corporation in Latam, is an advisor in the process that will give rise to Oranje, a company whose priority would be the accumulation of bitcoin as part of its treasury strategy.
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- AUSTRAC Threatens Inactive Digital Currency Exchanges (DCEs) to Either Use Their Exchange or Lose It
- Apr 29, 2025 at 09:35 pm
- The Australian Transaction Reports and Analysis Centre (AUSTRAC), has threatened inactive Digital Currency Exchange (DCE) in the region to either use their exchange or lose it.
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- title: Blockchain intelligence platform Lookonchain is highlighting a trader who has profited handsomely from trading in Fartcoin (FARTCOIN), a memecoin built in the Solana (SOL) ecosystem.
- Apr 29, 2025 at 09:30 pm
- According to Lookonchain, the unidentified trader is once again going long on the crypto asset and has purchased 488,000 Fartcoin at a total price of $563,000.