The collaboration between Avalanche and Alibaba Cloud will result in the creation of tools that will allow users to build validator nodes on Avalanche’s public blockchain platform in Asia.
Alibaba Cloud, or Aliyun, a subsidiary of China’s e-commerce behemoth Alibaba, has announced a partnership with Avalanche blockchain to support the company’s Node-as-a-Service activities.
The collaboration between Avalanche and Alibaba Cloud will result in the creation of tools that will allow users to build validator nodes on Avalanche’s public blockchain platform in Asia. The connection will enable Avalanche developers to create new validators using Alibaba Cloud’s plug-and-play infrastructure as a service.
Developers that anticipate significant resource demands during peak hours can also use the computing, storage, and distribution facilities provided by Alibaba Cloud.
APAC's largest cloud service provider, Alibaba Cloud, has expanded support for #Avalanche!— Avalanche 🔺 (@avalancheavax) December 2, 2022
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 hosts over 1,200 validators and handles around 2 million daily transactions, according to the statement. The cooperation is huge in scope, given that Alibaba Cloud is the largest Asian cloud service provider in the Asia-Pacific area.
Alibaba Cloud sponsored a special campaign as part of the integration, granting Avalanche developers credit against any of their services. Avalanche presently powers over 1,000 applications, including DeFi ecosystems like Aave, Curve, BENQi, Sushi, and Chainlink.
Bo Shen, a general partner at Vitalik Buterin-advised venture capital company Fenbushi Capital, claimed to have lost $42 million in his Trust Wallet.
Shen confirmed that the drained money was his and had nothing to do with 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.”
SlowMist, a blockchain analytics firm, later confirmed Shen’s loss of funds while confirming no security issues on Trust Wallet’s end.