Tencent, one of China’s technology giants, shared a new announcement covering five altcoin projects. After these announcements, the price of the altcoins in question jumped. Here are the details…
Tencent Cloud made new statements in Singapore
Tencent Cloud, the cloud business of global technology company Tencent, today announced its commitment to support the development of the Web3 ecosystem, aiming to significantly contribute to the thriving growth of the global Web3 community. Tencent Cloud has also unveiled the development roadmap of a full suite of Blockchain API services and brand new Tencent Cloud Metaverse-in-a-Box offerings, providing a strong technological foundation for Web3 developers and reinforcing its commitment to be a pioneer for Web3.
“We see a future in Tencent Cloud with Web3, a new internet iteration that launches the concept of ‘Immersive Convergence’, where physical and digital economies meet and integrate,” said Poshu Yeung, Senior Vice President, Tencent Cloud International. As technology continues to evolve and move into the new era, more global partners are now looking to integrate their operations and services into Web3 to adapt and scale. Tencent Cloud highlighted its effort to join hands with the world’s top Web3 ecosystem partners.
Tencent Cloud partners with altcoin projects for web3 move
Tencent Cloud has also signed a Memorandum of Understanding (MoU) with Ankr, a Web3 infrastructure provider, to jointly develop its suite of Blockchain API services. The event also featured the announcement of Tencent Cloud’s strategic collaborations with four other Web3 Blockchain partners to build a stronger core infrastructure that helps global builders accelerate their Web3 adoption for the decentralized future. Altcoin projects and details of the partnership are listed below:
- MultiversX (EGLD): Decentralized blockchain network MultiversX has announced its partnership with Tencent Cloud, a cloud company that creates innovative solutions to solve real-world problems. The partnership will help the company expand its Web3 products. The new partnership will enable the company to use the MultiversX network infrastructure to create not only Web3 products, but also new metaverse and blockchain-based products.
- Avalanche (AVAX): Avalanche’s consensus protocol and subnet infrastructure enable Web3 developers to easily launch custom, highly scalable solutions. A fully synchronized Avalanche full node has been installed on Tencent Cloud and will provide efficient and fast node setup for developers. Also, collaboration with Tencent Cloud’s expertise in global infrastructure and cloud solutions will seek to empower Web3 founders with practical tools to better build the Avalanche Blockchain.
- Scroll: Scroll aims to build an open-source, fully EVM-compliant zk-Rollup with a strong proofing network. Currently, Scroll has started to use Tencent Cloud’s infrastructure to form the first scaling solution foundation, while the validators and sequencers in the Scroll network can take advantage of Tencent Cloud’s high-performance infrastructure to achieve performance stability and resource allocation. Tencent Cloud will also provide cloud credit support for select developer teams in the Scroll community.
- Sui (SUI): Leveraging both Tencent Cloud’s expertise in cloud solutions for games and Sui’s blockchain network optimized for high-performance games, this collaboration provides developers with effective cloud-based game development tools and dedicated support to optimize on-chain gaming experience. will provide. Using Tencent Cloud’s infrastructure, Web3 game developers can run games seamlessly on the Sui network.
The price of altcoins has risen
After the development of Tencent, the value of the coins that came to the agenda with the partnership increased. First off, Ankr has gained 46 percent and is currently changing hands at $0.048. EGLD rose from $48.62 to $52.73 on a daily basis. AVAX rose from $20.02 to as high as $21.60 during the day. Price data for SCROLL and SUI are not yet available.
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