Huawei Cloud, the cloud computing arm of the Chinese smartphone maker Huawei Technologies Co., Ltd., has announced its partnership with Polygon and other blockchain firms to form a Web3 and metaverse alliance. The announcement was made at the company’s Asia-Pacific partner summit held in Bali, Indonesia, last week.
As part of the partnership, Huawei Cloud will integrate blockchain into its cloud services, with Polygon, Deepbrain Chain, Morpheus Labs, and Blockchain Solutions being its Web3 partners. The company also unveiled its cloud-based Web3 solutions at the summit.
Since launching its blockchain services in 2018, Huawei Cloud has been exploring the potential role of 5G in metaverse developments. In April 2022, the company also launched its non-fungible tokens (NFT) collection and trading platform, further expanding its presence in the blockchain industry.
This move by Huawei Cloud comes amid a growing trend of Chinese tech giants 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. also introduced a cloud-based toolkit for metaverse developers last week.
The Chinese government has also shown its support for emerging technologies such as blockchain, artificial intelligence, 5G, and cloud computing.
Chinese President Xi Jinping highlighted these technologies’ significance in developing the digital economy and international competition during his January 2023 speech.
The Huawei Cloud partnership with Polygon and other blockchain firms is a significant step towards the development of Web3 and metaverse technologies.
By integrating blockchain into its cloud services, Huawei Cloud is well-positioned to support the growth of Web3 applications, including NFTs and decentralized finance (DeFi).