MEXCBreaking: Tencent Announces Web3 Strategic Partnership With Ankr, Avalanche, Scroll, Sui
Tencent Cloud, a subsidiary of technology company Tencent, announces to actively support Web3 developments and contribute to the sustainable development of the global Web3 community. The cloud service company has partnered with crypto platforms including Ankr, Avalanche, Scroll, and Sui for improvements in the Web3 ecosystem.
According to the official announcement on February 22, Tencent Cloud said it will help develop the Web3 ecosystem, unveiled a roadmap of a full suite of blockchain API services, and release Tencent Cloud Metaverse-in-a-Box products. Also, it will provide technical support for Web3 developers.
Moreover, Tencent Cloud signed a Memorandum of Understanding (MoU) with a Web3 infrastructure provider Ankr to create a full suite of blockchain API services. Also, it signed a partnership with smart contracts platform Avalanche, open-sourced fully EVM-compatible zk-Rollup builder Scroll, and Layer-1 blockchain Sui for high-performing games.
Poshu Yeung, senior vice president at Tencent Cloud, said:
“We see a future with Web3, a new iteration of the internet that ushers in the concept of ‘Immersive Convergence’ where the physical and digital economies meet and integrate.”
Tencent will use its technical experience in games, audio, and video space to provide technical support for Web3. It will also work with industry partners to overall create a better Web3 ecosystem.
During the Tencent Cloud Web3 Build Day in Singapore today, the company revealed the Tencent Cloud Metaverse-in-a-Box. It claims to provide businesses to develop metaverse applications rapidly, with more security and flexibility.
Also Read: Binance Partners With Payments Giant Ingenico Amid Crypto Crackdown
Ankr and Avalanche Prices Rise After Announcement
Ankr price is currently trading up 50% in the last 24 hours, with the price currently trading at $0.04953. It has a massive 24-hour volume of nearly 2000%. The move also came due to the latest partnership with Microsoft to offer enterprise node services.
Whereas, Avalanche price jumps nearly 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 On Shanghai’s Sepolia Shapella Upgrade
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Ripple Swell Conference 2025: How to Watch, Date, and Expected Impact on XRP
- Crypto Market Crash as $595.8M in Longs is Liquidated, Bitcoin Slides to $105,000
- Saylor’s Strategy Buys 397 BTC as Trump Blames Democrats for Prolonged U.S. Shutdown
- Bitget Erects 10-Meter Interactive LED Tower, Launches Exclusive Crypto Prize Pool At UNTOLD Dubai
- Balancer Hack: $129M in Crypto Assets Stolen, Berachain Validators Halt Chain for Hard Fork
- Solana Price Eyes Rebound as Institutional Demand Tops $3.2B YTD
- Will Hyperliquid Price Hit $50 After OKX Listing?
- Top 3 Developments That Could Impact Bitcoin Price This Week
- Chainlink Price Eyes $30 Rebound as FTSE Russell Collaboration and Supply Squeeze Fuel Optimism
- Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Crypto Market- Is a Recovery In Sight?
- XRP Price Forecast: Spot ETF Approval Could Propel Token to $3.
