Breaking: Tencent Announces Web3 Strategic Partnership With Ankr, Avalanche, Scroll, Sui

Tencent Cloud, a subsidiary of technology company Tencent, announces to actively support developments and contribute to the sustainable development of the global Web3 community. The cloud service company has partnered with crypto platforms including Avalanche 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  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 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