Alibaba Cloud partners with the decentralized infrastructure network AIOZ Network to bolster AI, storage, and streaming services. This collaboration positions AIOZ as the primary blockchain ally in Alibaba Cloud's Innovation Accelerator initiative. Despite the announcement, AIOZ's native token maintains a stable trading pattern, although it has surged over 200% in the past month, according to CoinMarketCap.

The partnership aims to establish a DePIN alliance in Southeast Asia, fortifying the region's digital infrastructure. Headquartered in Singapore, AIOZ Network intends to leverage Alibaba Cloud's services to expand its ecosystem, with a focus on Web 3, AI, storage, and streaming infrastructure.

According to AIOZ Network founder Erman Tjiputra, the alliance with Alibaba Cloud represents a significant advancement, potentially inspiring innovative ideas from emerging developers. This collaboration underscores Alibaba Cloud's growing involvement in the crypto industry, following previous endeavors such as constructing a metaverse launch pad on Avalanche and promoting web 3 adoption in Asia through a partnership with NEAR last year.