Home » MultiversX (EGLD) Partners With Tencent Cloud

MultiversX (EGLD) Partners With Tencent Cloud

The previous week, MultiverseX (EGLD) partnered with Tencent Cloud, a subsidiary of the Chinese conglomerate Tencent.

MultiversX (EGLD), formerly known as Elrond, recently announced a collaboration with Tencent Cloud, a well-known provider of network infrastructure similar to Google Cloud and Amazon Web Services (AWS). As a subsidiary of the Chinese telecommunications behemoth Tencent, this is a significant partnership for MultiversX. The collaboration will focus on three key elements of MultiversX’s ecosystem: xPortal (formerly known as the Maiar app), xFabric (a “no-code” module for creators), and xWorlds (MultiverseX’s metaverse).

A giant already familiar with blockchain and Web3

This partnership with MultiversX is part of the continuity of Tencent Cloud’s Web3 activity. Indeed, the latter already offers various services related to the blockchain and the metaverse.

The objective of this collaboration is therefore for each to benefit from the know-how of the other. In addition, Tencent Cloud will improve the infrastructure of this blockchain thanks to its solutions:

“The more than 10,000 servers that make up the MultiversX network will soon have a new high-performance, secure and reliable option to run on Tencent Cloud’s infrastructure services. Tencent Cloud is also planning to operate a validation node to directly contribute to the security of our network. »

When writing his lines, EGLD traded at $49.76. This is nearly 91% below its all-time high (ATH), but note that the asset has risen more than 53% since its last big low. For its part, the MultiverseX network has 3,200 validators, and nearly 63% of the existing

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