HomeBlockchainMultiversX And Tencent Cloud Announce Strategic Ecosystem Partnership

MultiversX And Tencent Cloud Announce Strategic Ecosystem Partnership

PRESS RELEASE

 

Sibiu, Romania, February 16, 2023 – From finance, public administration, and digital identity to the internet of things and beyond, blockchain core characteristics can significantly improve how we interact with the world around us.

MultiversX and Tencent Cloud has done a strategic partnership.

This is the new infrastructure layer we’ve built at MultiversX. The first complete solution capable of handling global scale demand at internet-like scale and costs while introducing unique capabilities that bring a fundamental shift in UX.

Today, we are thrilled to announce our strategic collaboration with Tencent Cloud, the cloud business of the world-renowned technology company Tencent. Together, we will leverage the MultiversX blockchain and suite of products to explore new paths toward value creation within the Web3 and the Metaverse space.

Tencent Cloud’s role is being a technology enabler for Web 3.0 in a manner that the Web 3.0 community is used to and most comfortable with. With years of experience in games, audio, and video, while leveraging the world’s leading computing power, storage, network, and media

technologies for a more immersive experience, Tencent Cloud brings strong technological support for Web 3.0 organizations and developers.

The existing synergies between the two companies have been amplified by MultiversX’s unveiling of three strategic Metaverse products – xPortal, xFabric, and xWorlds, and Tencent Cloud’s commitment to the Web3.0 world and the Metaverse space.

The world-leading technology company will also benefit from MultiversX’s solutions ranging from a no-code interface for deploying applications and blockchains to an intuitive gateway acting as a bridge between worlds and an entire stack of Metaverse tools.

Additionally, the 10,000+ servers composing the MultiversX network will soon have a new

high-performance, secure and reliable option to run on Tencent Cloud’s infrastructure services. Tencent Cloud is also exploring operating a validator node to contribute to our network security directly. Moreover, the collaboration angles that are being explored expand to joint initiatives for future developer events and programs for an upcoming start-up hub.

“The MultiversX focus on delivering the backbone of a globally scalable, open, composable, and interoperable ecosystem of Metaverse worlds is a defining factor in our strategic partnership with Tencent Cloud. We are excited to work with Tencent Cloud and expand on this vision”,

said Beniamin Mincu, MultiversX CEO.

“From providing the best hyperscale infrastructure to creating a one-stop shop for cloud solutions, we aim to support the global Web 3.0 community to adopt critical technologies to drive deeper connections between the virtual and real worlds”,

says Leo Li, Vice President of Europe, Tencent Cloud International.

About MultiversX

MultiversX is a highly scalable, secure, and decentralized blockchain network built from first principles to solve the two fundamental problems critical for widespread, global adoption: a transition from dialup to broadband and a significant UX paradigm shift.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries.

Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security.

It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

this is the MultiversX and Tencent Cloud strategic partnership.

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