1. PixelPlaygroundHome
  2. Blockchain Briefs

MultiversX and Tencent Cloud Partner Up to Explore Web3 and Metaverse

• Blockchain Briefs • 897 views

According to the official news, the extensible blockchain MultiversX announced that it had reached a strategic ecological partnership with Tencent Cloud. Both …

MultiversX and Tencent Cloud Partner Up to Explore Web3 and Metaverse

According to the official news, the extensible blockchain MultiversX announced that it had reached a strategic ecological partnership with Tencent Cloud. Both sides will explore new ways to create value in Web3 and Metaverse by using the MultiversX blockchain and product suite. At present, more than 10000 servers of the MultiversX network will run on Tencent Cloud infrastructure services, and Tencent Cloud is also exploring the operation of the MultiversX network authentication node.

Extensible blockchain MultiversX: reach a strategic ecological partnership with Tencent Cloud

Interpretation of the news:


MultiversX, an extensible blockchain, has partnered with Tencent Cloud, to create value in Web3 and Metaverse. The partnership will leverage MultiversX’s blockchain and product suite in combination with Tencent Cloud’s infrastructure services to explore new ways of value creation in Web3 and Metaverse. This announcement was made through official news channels.

As part of the partnership, Tencent Cloud has agreed to provide infrastructure services for more than 10,000 servers that will run the MultiversX network. Additionally, Tencent Cloud plans to explore the possibility of operating the MultiversX network authentication node. This move allows for better efficiency and reliability of the MultiversX network which reduces costs and improves scalability.

The Web3 and Metaverse, defined as the next generation of the internet, have created new depths of innovation leading to limitless possibilities in creating and exchanging value. The Web3 has brought about a new era of decentralization leading to the removal of intermediaries, leading to a more user-friendly, secure digital platform. On the other hand, the Metaverse is a virtual space that is made up of virtual representations of the physical world. With the vast number of possibilities in the Metaverse, MultiversX and Tencent Cloud are poised to take value creation to a new level.

The MultiversX blockchain is an extensible technology that enables developers to create innovative cryptocurrencies, dApps, and other blockchain-based services that are highly scalable and efficient. With the MultiversX and Tencent Cloud partnership, the blockchain will increasingly play a central role in creating value in the Web3 and Metaverse.

In conclusion, the MultiversX and Tencent Cloud partnership presents an excellent opportunity to explore Web3 and Metaverse’s endless possibilities in value creation. Tencent Cloud’s highly efficient infrastructure services coupled with MultiversX extensible technology creates an environment of innovation leading to a more decentralized, secure, and user-friendly platform. The partnership will undoubtedly shape the future of the blockchain industry.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1057/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/17/2023 16:24
Next 02/17/2023 16:45

Recommended articles