Tencent Partners With Ankr, Avalanche, Scroll, Sui For Web3 Development

Tencent Cloud, a subsidiary of Tencent technology company, announces that it will actively support Web3 developments and contribute to the sustainable development of the global Web3 community. The cloud services company has partnered with crypto platforms including Ankr, Avalanche, Papyrusand Sui for improvements to the Web3 ecosystem.

According to the official announcement On February 22, Tencent Cloud said it will help develop the Web3 ecosystem, revealed a roadmap of a full series blockchain API servicesand liberation Tencent Cloud Metaverse-in-a-Box products. It will also provide technical support for Web3 developers.

In addition, Tencent Cloud signed a Memorandum of Cooperation (MoU) with a Web3 infrastructure provider Ankr to build a full suite of blockchain API services. It also signed a partnership with a smart contract platform Avalanchezk-Rollup generator rollup, fully EVM compatible, open source and Layer-1 blockchain Sui for high performance gaming.

Poshu Yeung, senior vice president of Tencent Cloud, said:

“We see a future with Web3, a new iteration of the Internet that introduces the concept of ‘Immersive Convergence’, where the physical and digital economies meet and integrate.”

Tencent will use its technical expertise in gaming, audio and video space to provide technical support for Web3. It will also work with industry partners to build a better Web3 ecosystem overall.

During the Tencent Cloud Web3 Build Day in Singapore today, the company unveiled the Tencent Cloud Metaverse-in-a-Box. It claims to provide enterprises with metaverse application development quickly, with more security and flexibility.

Read also: Binance partners with payments giant Ingenico amid crypto

Ankr and Avalanche prices rise after the announcement

The price of Ankr is currently trading up 50% in the last 24 hours, with the price currently trading at $0.04953. It has a huge 24 hour volume of almost 2000%. The move also came on the back of its latest partnership with Microsoft to offer enterprise hub services.

While, the Avalanche price is jumping almost 2% in the last 24 hours, with the price currently at $20.51. The 24-hour low and high are $20.02 and $21.60, respectively.

Also Read: Ethereum Reveals Details About Shanghai’s Sepolia Shapella Upgrade

Varinder is a technical writer and editor, tech enthusiast and analytical thinker. Fascinated by Disruptive Technologies, he has shared his knowledge on Blockchain, Cryptocurrencies, Artificial Intelligence and Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a significant period and currently covers all the latest updates and developments in the cryptocurrency industry.

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