Huawei Cloud, the cloud computing arm of Chinese smartphone maker Huawei Technologies Co., Ltd., announced a partnership with Polygon and other blockchain firms last Thursday to form a Web3 and metaverse alliance.
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Fast facts
Huawei Cloud held its Asia-Pacific partner summit last week in Bali, Indonesia, where it announced Polygon, Deepbrain Chain, Morpheus Labs and Blockchain Solutions as its Web3 partners.Huawei Cloud said it aims to integrate blockchain into its cloud services through the partnership. The company also introduced its cloud-based Web3 solutions at the summit.Since launching its blockchain services in 2018, Huawei Cloud has recently been exploring the potential role of 5G in metaverse developments. It also launched its non-fungible tokens (NFT) collection and trading platform in April 2022.Chinese tech giants have been expanding their Web3 ventures overseas. In December 2022, Alibaba Cloud, the cloud computing branch of Alibaba Group Holding Ltd., launched a blockchain node service in Singapore. Tencent Holdings Ltd., last week introduced a cloud-based toolkit for metaverse developers.In January, Chinese President Xi Jinping highlighted emerging technologies such as blockchain, artificial intelligence, 5G and cloud computing as major factors in developing the digital economy and international competition.
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