Tencent Cloud has recently announced the introduction of a brand new blockchain infrastructure solution, which has been made in collaboration with MultiversX, and the results have been quite impressive in building a foundation for the growth of gaming through blockchain technology. This partnership incorporates multiple programs, such as giving out grants to startups and holding hackathons, which aim to foster a technological environment, thus acting as a single unit headed toward Web3 growth.
Tencent Cloud’s 1-click node hosting service changed the paradigm of Web3 developers, especially for those new to this field. It removes cumbersome pre-launching stages, which are usually associated with blockchain projects. This service provides developers with a ready interface to work with MultiversX and start building applications without needing to be an expert in complicated blockchain infrastructures.
This newest product, in particular, helps eliminate the obstacles of launching and monitoring MultiversX blockchain infrastructure nodes. Previously, many things that required a lot of technical knowledge and practical experience to implement could now be succeeded with a simplified and user-friendly style. The nodes within the Tencent Cloud fulfill certain roles that are very similar to validators. However, their main tasks are to conduct such operations as processing user transactions or providing wallet balances, which are necessary for almost all decentralized apps to perform correctly.
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Lucian Mincu, the Chief Information Officer of MultiversX Foundation, believes this association with Tencent Cloud has many advantages. He stated that the company specializes in its node-as-a-service solution, providing a better developer experience. This platform eliminates the unnecessary task of managing and deploying infrastructure when developing a high-performing and secure application on MultversX using familiar programming languages.
The significance of Tencent Cloud’s enhanced participation within the MultiversX Chain is demonstrated by the fact that the blockchain network continues to spread. With a total active user reach of 100,000 per day and a better TVL ranking among non-EVM chains, this collaboration is well worth the investment.
In October 2023, Tencent Cloud was a major player at the xDay Hackathon, one of the largest European blockchain hackathons. The event attracted over 1000 developers, and over 150 cutting-edge blockchain products were presented there. As a flagship sponsor, Tencent Cloud provided the grand prize of $120,000 in grants to the winners of the Gaming track, which was cumulatively worth over $1 million.
Tencent Cloud supports start-ups and initiatives that use MultiversX with better development tools, attractive development rates, potential funds up to $100,000, and beneficial networking every startup needs. Through an easy-to-use online platform, these resources can be accessed by anyone interested in receiving funding or assistance.
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Tencent Cloud and MultiversX are focused on removing obstacles for developers who want to access the Web3 industry. They are more than adequate resources and financial support for growing blockchain gaming innovation. They also work in other areas. This partnership also shortens the work within the MultiversX system and shows a solid commitment to advancing decentralized technology platforms.
