MultiversX and Tencent Team Up To Provide Strong Technological Support for Web3

Key Points: Tencent will use the MultiversX network infrastructure for new products in the Web3 or metaverse spaces.
MultiversX’s announcement of three strategic Metaverse products, and Tencent Cloud’s commitment to the Web3 space and the Metaverse have amplified the existing synergies.
MultiversX announced on Thursday a partnership with Tencent Cloud in support of the growth and development of the latter’s Web3 products. Tencent will use the network to launch a range blockchain-based goods. Tencent is already involved in the audiovisual and gaming industries. Tencent has created the MultiversX infrastructure layer. MultiversX announced the first comprehensive solution that can manage demand on a global scale at cost and scale comparable to the internet. It also added special features that bring about a major UX change. Tencent Cloud’s commitment to the Web3.0 era, the Metaverse market, and MultiversX’s announcements of three important Metaverse products-xPortal and xFabric–have strengthened the already existing synergies between the companies.
MultiversX’s focus on delivering the backbone for a globally scalable open, composable, interoperable ecosystem that Metaverse worlds can access is a key factor in our strategic partnership to Tencent Cloud. Beniamin Mincu is the MultiversX CEO.
MultiversX’s solutions will benefit the top technological businesses around the world. They include a no code interface for installing apps and blockchains, a user-friendly gateway that acts as a bridge between the worlds, and a full set of Metaverse tools. Tencent Cloud is also looking at running a validator to improve the network security of MultiversX. Collaboration opportunities are also being explored. These include cooperative programs and efforts to host forthcoming developer events. Tencent’s business model has been subject to regulatory problems. Tencent’s business approach has been subject to regulatory scrutiny. Tencent stopped trading on the Huanhe non-fungible token platform (NFT) in August 2022. We encourage you to do your research before investing.Join us to keep track of news: NewsTags: MultiversXtencentTencent CloudWeb3WeChatxFabricxPortal