Alibaba Cloud, also known as Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche’s blockchain to boost the company’s Node-as-a-Service initiatives..
Avalanche’s partnership with Alibaba Cloud will enable the development of tools that make it easy for users to launch validator nodes on Avalanche’s public blockchain platform in Asia. The integration will enable Avalanche developers to use Alibaba Cloud’s plug-and-play infrastructure as a service to launch new validators.
Developers who expect high demand for resources during peak hours can also take advantage of additional resources. —computing, storage and distribution— offered by Alibaba Cloud.
APAC’s largest cloud service provider, Alibaba Cloud, has expanded support for #avalanche!
This integration enables developers to easily launch their own validator nodes, with access to @alibaba_cloud‘s plug-and-play infrastructure and suite of products. https://t.co/MlXTOYuJgG
— Avalanche (@avalancheavax) December 2, 2022
APAC’s largest cloud service provider, Alibaba Cloud, has expanded support for #Avalanche!
This integration allows developers to easily launch their own validator nodes, with access to the plug-and-play infrastructure and @alibaba_cloud suite of products.
According to the announcement, Avalanche hosts more than 1,200 validators and processes approximately 2 million transactions daily. The scale of the partnership is enormous, considering that Alibaba Cloud is the largest Asian provider of cloud services in the Asia-Pacific region..
As part of the integration, Alibaba Cloud ran a special promotion offering Avalanche developers credit for any of their services. Avalanche currently powers more than 1,000 projects, including decentralized finance (DeFi) ecosystems such as Aave (AAVE), Curve, BENQi, Sushi, and Chainlink (LINK).
Chinese venture capitalist Bo Shengeneral partner of the venture capital fund advised by Vitalik Buterin, Fenbushi Capital, claimed to have lost $42 million from his Trust Wallet.
Shen confirmed that the drained funds belonged to him and was not related to Fenbushi Capital.:
“The incident has been reported to local law enforcement. The FBI and lawyers have intervened. Civilization and justice will ultimately prevail over barbarism and evil. It is the iron law of human society. It is only a matter of time “.
The blockchain analytics company SlowMist later verified the loss of Shen’s funds and confirmed that there were no security concerns by Trust Wallet..
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