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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