Huawei and Polygon Blockchain Ink Web3 and Metaverse Partnership February 28, 2023 February 28, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsFebruary 28, 2023 by Kelly Cromley

Huawei and Polygon Blockchain Ink Web3 and Metaverse Partnership

Huawei Cloud, the cloud services division of Chinese tech giant Huawei Technologies Co., Ltd., revealed a Web3 and metaverse alliance with Polygon as well as other blockchain companies.
Huawei Cloud unveiled Polygon, Deepbrain Chain, Morpheus Labs, and Blockchain Solutions as its Web3 collaborators at its Asia-Pacific alliance summit hosted last week in Bali, Indonesia.

And through alliance, Huawei Cloud intends to implement blockchain into its cloud computing. At the gathering, the organization additionally unveiled its cloud-driven Web3 offerings.

Huawei Cloud has been investigating the possible role of 5G in metaverse advancements since the introduction of its blockchain offerings in 2018. In April 2022, it also debuted its non-fungible tokens (NFT) series and trading platform.

Chinese technology behemoths have been broadening their Web3 operations abroad. Alibaba Cloud, the cloud computing division of Alibaba Group Holding Ltd., unveiled a blockchain node offering in Singapore in December 2022. A week back, Tencent Holdings Ltd. unveiled a cloud-led toolkit for metaverse coders.

In January, Chinese President Xi Jinping emphasized emerging innovations like blockchain, artificial intelligence, 5G, and cloud services as significant variables in the development of the digital economy and global competition.


AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.