MultiversX and Tencent Cloud partnership to explore Web3 and Metaverse

02/17/2023 16:37 • Blockchain Briefs • 80 views

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

Analysis based on this information:

MultiversX, an extensible blockchain, has announced a strategic partnership with Tencent Cloud, a leading cloud service provider. The partnership aims to explore new ways to create value in Web3 and Metaverse by leveraging the MultiversX blockchain and product suite. This move is expected to enhance the ecosystem and bring more innovation in the blockchain space.

As a result of this partnership, the MultiversX network will operate on Tencent Cloud infrastructure services, which boasts over 10,000 servers. Additionally, Tencent Cloud will explore the possibility of operating the MultiversX network authentication node. This move is expected to increase the speed and efficiency of the blockchain network, making it more effective in handling transactions.

Both parties have expressed excitement at the potential of their collaboration, and the opportunities that lie ahead. MultiversX offers an open-source blockchain platform that allows developers to create decentralized applications (DApps) with ease. The platform also features high-speed transactions, improved security, and support for multiple programming languages.

Tencent Cloud, on the other hand, provides a range of cloud computing services, including data storage, network solutions, and security. The company has established itself as a leading player in the cloud market, with a strong focus on innovation and technology advancements.

The main goal of the partnership is the exploration of the Web3 and Metaverse. Web3 refers to the next generation of the internet, which leverages blockchain technology to create decentralized applications, peer-to-peer networks, and marketplaces. Metaverse, on the other hand, is a virtual world where users can interact with each other in a 3D space using their avatars. This emerging concept has been gaining traction in recent years and has been dubbed as the future of the internet.

In conclusion, the MultiversX and Tencent Cloud partnership is expected to create a more robust blockchain ecosystem, with improved security, speed, and efficiency. The collaboration will enable the exploration of new use cases and applications in the Web3 and Metaverse space. This move highlights the growing importance of blockchain technology and its potential to transform various industries.

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MultiversX and Tencent Cloud partnership to explore Web3 and Metaverse

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

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