Tencent Teams Up With MultiversX to Expand Web3 Strategy

MultiversX said Thursday it is partnering with Tencent Cloud to help the company expand its Web3 products. Tencent Cloud is the cloud component of the massive Chinese tech company’s portfolio, which also includes messaging app WeChat.

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"From blockchains to AI and beyond, cloud computing is a great necessity and an enabling force for innovation,” Beniamin Mincu, MultiversX CEO said. “We are thrilled to join forces with Tencent Cloud to explore exciting routes in a new strategic partnership between the two companies on payments, Web3 hubs, infrastructure, staking services and the metaverse.”

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“We aim to support the global Web3 community to adopt critical technologies to drive deeper connections between the virtual and real worlds,” Leo Li, vice president of Europe at Tencent Cloud International, said in a press release about the partnership.
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