Tencent Cloud Partners With Key Crypto Platforms To Boost Web3 Adoption

• Tencent Cloud will be releasing Tencent Cloud Metaverse-in-a-Box products.
• The cloud subsidiary and Web3 infrastructure provider Ankr entered into an MoU.

The technology firm Tencent has announced that its subsidiary, Tencent Cloud, would be actively supporting Web3 innovations and contributing to the long-term growth of the worldwide Web3 community. To strengthen the Web3 ecosystem, the cloud provider has formed partnerships with crypto platforms including Ankr, Avalanche, Scroll, and Sui.

According to the company’s official statement from February 22nd, Tencent Cloud will be releasing Tencent Cloud Metaverse-in-a-Box products and aiding in the growth of the Web3 ecosystem. On top of that, it will provide help with technical issues for Web3 developers.

Key Partnerships Towards Web3’s Development

Also, Tencent Cloud and Web3 infrastructure provider Ankr entered into a memorandum of understanding (MoU) to develop a comprehensive set of blockchain application programming interfaces (APIs). In addition, it formed an alliance with the Avalanche smart contracts platform, the open-source Scroll zk-Rollup builder, and the Layer-1 blockchain Infrastructure Sui to facilitate high-performance games.

Moreover, Tencent’s expertise in the gaming, music and video industries will be put to use to aid Web3’s development. Furthermore, it will also collaborate with other companies to improve the Web3 ecosystem as a whole.

Today, during the Tencent Cloud Web3 Build Day in Singapore, the firm unveiled the Tencent Cloud Metaverse-in-a-Box. The product promotes itself as a safe and versatile means for enterprises to create metaverse applications quickly.

In the previous 24 hours, the price of Ankr has increased by 50%, from $0.03953 to its current price of $0.04953. The most recent cooperation with Microsoft to provide node services for businesses also contributed.

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