Morpheus Labs Partners with Tencent Cloud to Drive Web3 Gaming and Metaverse Innovation July 19, 2023 July 19, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 19, 2023 by Kelly Cromley

Morpheus Labs Partners with Tencent Cloud to Drive Web3 Gaming and Metaverse Innovation

Morpheus Labs, a prominent provider of blockchain low code development platforms, has recently announced its collaboration with Tencent Cloud, the cloud business of global technology company Tencent. The two entities have signed a Memorandum of Understanding (MoU) to foster advancements in Web3 gaming and metaverse innovation while promoting the growth of the Web3 ecosystem.

Under the MoU, the partnership will encompass joint efforts in developing digital technologies, blockchain solutions, and Web3-related solutions. Their shared goal is to establish a comprehensive development environment that is both rapid and secure, allowing Web3 builders to create immersive and rewarding gaming experiences for players.

Morpheus Labs specializes in offering a blockchain low code development platform that empowers organizations to quickly design, deploy, and operate blockchain-based applications.

The collaboration presents an opportunity for Morpheus Labs and Tencent Cloud to expand their customer bases and leverage each other’s existing resources and solution models. With Tencent Cloud’s market leadership in games, metaverse, and fintech development, coupled with Morpheus Labs’ expertise in the Web3 landscape and development, both parties are optimistic about accelerating the adoption of blockchain technologies. Focusing primarily on the Asia-Pacific region, the partnership aims to facilitate the growth of established and emerging companies in the gaming and other industries within their respective markets.

Already, the collaboration has yielded results with the onboarding of GEMS Esports 3.0, an O2O aggregator blockchain gaming platform. GEMS Esports 3.0 provides a secure, transparent, and rewarding gaming experience and boasts an impressive network of over 120 Web3 partners, 22,000 Esports players, and has completed more than 52 Gamefi projects, 7 major tournaments, and generated over 1 million social traffic interactions across all their channels. Notably, their clientele includes popular technology and gaming titles.

With this MoU in place, the gaming industry stands to benefit significantly from the combined efforts of Morpheus Labs and Tencent Cloud, as they strive to push the boundaries of Web3 gaming and metaverse innovation.

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.