Chinese giant technology company Tencent has teamed up with MultiversX (EGLD) to create new products in the Web3 and metaverse domains.
MultiversX In a statement on Thursday, the company said Web3 to help expand its products Tencent cloud announced its partnership with After the announcement EGLD in a short time 20% rose.
MultiversX, formerly known as Elrond, has recently been restructured to focus on metaverse ventures. This partnership with Tencent, which works in areas such as gaming and audio-visual technology, on blockchain technologies After 4 months, he made it break the $48 band.
Tencent, showing its interest in the industry in May 2020, started to move towards blockchain technologies. 70 million dollars had invested. Vice President of Tencent Cloud International Europe Leo Li He described the latest developments as “to establish deeper ties” and encouraged him to adopt critical technologies. will continue to support stressed.
MultiversX CEO Beniamin Mincu In his statement on the agreement, which is the subject of the news, he made the following statements:
From blockchains to artificial intelligence and beyond, we see cloud computing as a major necessity and a conducive force for innovation. We are excited to join forces with Tencent Cloud to explore exciting routes in a new strategic partnership between the two companies on payments, Web3 hubs, infrastructure, staking services and the metaverse.
According to CoinGecko data, with the sharing of the announcement, approximately 20% EGLD, which has been performing on the rise, It reached the band of $ 54.42 from $ 45.7. EGLD, which is in a correction period at the time of writing It trades at $48.40.