Extensible Blockchain MultiversX Partners with Tencent Cloud to Boost Web3 and Metaverse

02/17/2023 16:37 • Tech Ticker • 287 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

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The blockchain industry has been gaining widespread recognition and adoption in recent years, and major tech players are not ignoring the promising trend. Recently, the extensible blockchain MultiversX announced a strategic partnership with Tencent Cloud to create more value in Web3 and Metaverse through the blockchain technology and product suite.

According to the official news, MultiversX and Tencent Cloud will work together to explore new ways of creating value in the Web3 and Metaverse ecosystem. Web3, the third generation of the world wide web, combines blockchain technology and decentralized protocols to enable the creation and distribution of content and services in a peer-to-peer network. On the other hand, Metaverse is a virtual space in which users can interact with each other, engage in transactions, and explore endless possibilities, such as virtual reality, gaming, and communication.

Currently, MultiversX has over 10,000 servers running on Tencent Cloud infrastructure services, which shows the scalability and reliability of the blockchain network. Moreover, Tencent Cloud is also exploring the operation of MultiversX’s network authentication node, which will enhance the security and trustworthiness of the blockchain system.

The partnership between MultiversX and Tencent Cloud is a step towards the optimization of blockchain technology and the creation of more innovative solutions. By integrating MultiversX’s blockchain product suite with Tencent Cloud’s infrastructure services, users can expect faster and more secure transactions, improved scalability, and a better user experience in the Web3 and Metaverse ecosystem.

Furthermore, the partnership is also expected to boost the development of the blockchain industry as a whole. Companies are beginning to realize the potential of blockchain technology beyond cryptocurrency and are looking to leverage the technology in various fields, such as finance, healthcare, supply chain management, and more. With Tencent Cloud and MultiversX’s joint efforts in advancing the blockchain technology, we can expect more innovation and growth in the blockchain industry in the future.

In conclusion, the strategic partnership between MultiversX and Tencent Cloud is an exciting development that showcases the possibilities of blockchain technology in Web3 and Metaverse. With the integration of MultiversX’s blockchain product suite with Tencent Cloud’s infrastructure services and the exploration of network authentication nodes, we can expect more secure, scalable, and innovative blockchain solutions in the future.

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