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Tencent Cloud and MultiversX Collaboration
Tencent Cloud recently unveiled a groundbreaking blockchain infrastructure solution developed in partnership with MultiversX. This innovative collaboration has proven to be highly effective in laying the groundwork for the advancement of gaming through blockchain technology.
Empowering Developers
One of the key initiatives of this partnership is the provision of grants to startups and the organization of hackathons. These programs are designed to cultivate a technological ecosystem that collectively propels growth towards Web3.
Tencent Cloud’s introduction of the 1-click node hosting service has revolutionized the landscape for Web3 developers, particularly newcomers to the field. By streamlining the pre-launch process typically associated with blockchain projects, this service offers developers an intuitive interface to seamlessly engage with MultiversX and commence application development without the requirement of extensive knowledge in intricate blockchain infrastructures.
Streamlined Node Deployment
This latest product significantly reduces the barriers to launching and monitoring MultiversX blockchain infrastructure nodes. Tasks that traditionally demanded a high level of technical expertise and hands-on experience can now be accomplished through a simplified and user-friendly approach.
Nodes within the Tencent Cloud ecosystem fulfill roles akin to validators, performing crucial functions such as processing user transactions and providing wallet balances essential for the smooth operation of decentralized applications.
Advantages of the Collaboration
Lucian Mincu, the Chief Information Officer of MultiversX Foundation, extolled the benefits of partnering with Tencent Cloud. He emphasized the company’s expertise in offering a node-as-a-service solution that enhances the developer experience, eliminating the complexities of managing and deploying infrastructure when developing high-performance, secure applications on MultiversX utilizing familiar programming languages.
The deepening integration of Tencent Cloud within the MultiversX Chain underscores the expansive growth of the blockchain network. Boasting a daily active user reach of 100,000 and achieving a commendable TVL ranking among non-EVM chains, this collaboration exemplifies a strategic investment.
Commitment to Innovation
In October 2023, Tencent Cloud played a pivotal role in the xDay Hackathon, the largest European blockchain event. Drawing over 1000 developers, the event showcased more than 150 cutting-edge blockchain products. Serving as a flagship sponsor, Tencent Cloud awarded $120,000 in grants to the winners of the Gaming track, totaling over $1 million.
By supporting startups and initiatives leveraging MultiversX with advanced development tools, competitive development rates, funding opportunities up to $100,000, and invaluable networking, Tencent Cloud is a beacon for emerging ventures in the blockchain gaming sphere.
Creating Opportunities
Tencent Cloud and MultiversX are dedicated to dismantling barriers for developers seeking entry into the Web3 industry. Beyond providing essential resources and financial backing for pioneering blockchain gaming innovations, this partnership exemplifies a steadfast commitment to advancing decentralized technology platforms.
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