Avalanche to power Alibaba Cloud’s infrastructure services in Asia

Aliba­ba Cloud, a.k.a Aliyun, a sub­set of Chi­nese e‑commerce giant Aliba­ba, announced an inte­gra­tion with Avalanche blockchain to pow­er the company’s Node-as-a-Ser­vice initiatives. 

Avalanche’s part­ner­ship with Aliba­ba Cloud will see the devel­op­ment of tools that enable users to launch val­ida­tor nodes on Avalanche’s pub­lic blockchain plat­form in Asia. The inte­gra­tion will allow Avalanche devel­op­ers to use Aliba­ba Cloud’s plug-and-play infra­struc­ture as a ser­vice to launch new validators. 

Devel­op­ers expect­ing high resource demands dur­ing peak hours can also tap into 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

Accord­ing to the announce­ment, Avalanche hosts over 1,200 val­ida­tors and process­es rough­ly 2 mil­lion dai­ly trans­ac­tions. The scale of the part­ner­ship is mas­sive, con­sid­er­ing that Aliba­ba Cloud stands as the largest Asian cloud ser­vice provider in the Asia-Pacif­ic region. 

As part of the inte­gra­tion, Aliba­ba Cloud ran a spe­cial pro­mo­tion by offer­ing Avalanche devel­op­ers cred­it toward any of their ser­vices. Avalanche cur­rent­ly pow­ers over 1,000 projects, includ­ing decen­tral­ized finance (DeFi) ecosys­tems such as Aave (AAVE), Curve, BEN­Qi, Sushi, and Chain­link (LINK).

Relat­ed: Aliba­ba to ban cryp­to min­er sales amid Chi­nese crackdown

Chi­nese ven­ture cap­i­tal­ist Bo Shen, a gen­er­al part­ner of the Vita­lik Buterin-advised ven­ture cap­i­tal fund 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 the local law enforce­ment. FBI and lawyers both have been involved. Civ­i­liza­tion and jus­tice will even­tu­al­ly pre­vail over bar­barism and evil. This is the iron law of human soci­ety. It’s just a mat­ter of time.”

Blockchain ana­lyt­ics firm SlowMist lat­er ver­i­fied Shen’s loss of funds while con­firm­ing no secu­ri­ty issues from Trust Wallet’s end.