Tencent Infiltrates Web3, Changing Metaverse Strategy

Chinese tech giant Tencent Cloud has announced a series of strategic partnerships with big names in the crypto industry — including Ankr, Avalanche, Scroll, and Sui — to support the development of the Web3 ecosystem.

Tencent’s latest move aims to build close relationships with industry partners to assist developers in accelerating Web3 adoption.

Tencent Blockchain

Tencent strengthens its influence in Web3

Yang Baoshu, senior vice president of Tencent Cloud International, said that the company is eager to join the new cycle of the Internet and introduce the concept of “immersive integration”, that is, the platform real economy and the integrated digital economy.

“As more and more enterprises hope to explore and adapt to a transparent and efficient digital future, we are ready to use our years of technical experience in the field of games, audio and video to bring strong technical support to Web3, and work with industry partners to create A more immersive experience will create a better Web3 ecosystem.”

Tencent Cloud is confident in meeting the growing requirements and demands of the Web3 space because “we are well prepared”. The giant also hopes to collaborate with leading global ecosystem partners in the future, leveraging its “high-quality, high-performance infrastructure and cloud technology.”

The core of Tencent Cloud’s Web3 penetration strategy is:

  • Promote sustainable growth and development of the Web3 ecosystem.
  • Support startups and builders to integrate new developments.
  • Provide analysts with enhanced assistance in security, storage, identity management, middleware, development tools, and data and analytics.
  • Offer cloud solution credits, marketing workshops, and promotional opportunities to contractors.

Web3 strategic cooperation

The latest plans were announced at Tencent Cloud Web3 Build Day in Singapore, where Tencent Cloud signed a Memorandum of Understanding (MoU) with infrastructure provider Web3 Ankr. The two platforms will jointly develop a full set of blockchain API services to provide Web3 builders with a globally distributed and decentralized RPC node network.

At the same time, the company also signed a partnership with smart contract platform Avalanche, a zk-Rollup generator fully compatible with Scroll’s open source EVM, and the Layer 1 Sui blockchain.

At the same time, Tencent also launched Cloud Metaverse-in-a-Box, which aims to provide enterprises with fast, secure and flexible Metaverse application development. . This is expected to accelerate the journey of enterprise and public sector customers closer to the Metaverse.

Metaverse Policy Change

In addition to its Web3 goals, Tencent also revealed the future of its Metaverse strategy, which focuses on providing customers with “Metaverse in a box” services through its cloud division. The move is in addition to the media service the company launched last year to facilitate its mission to develop virtual worlds for Tencent clients.

The tools launched by Tencent will be used by companies in the gaming, media, entertainment and retail industries to build and design virtual spaces for various purposes. Tencent aims to bring the service to customers in Asian markets, especially Singapore, Malaysia, Indonesia and Thailand, which, according to the company’s forecasts, will see significant growth in the segment. .

Tencent’s new plan marks a “shift” from virtual world hardware to software development, as evidenced by the cancellation of its own hardware development plans to experience virtual worlds.

  • Giant Tencent goes deep into Web3 with new partners
  • Ant Group and Tencent Top 2021 China Blockchain Patent List

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