Chainlink and Tencent Cloud Join Forces to Unleash Web3 Growth

• Chainlink has inked a partnership with Tencent Cloud to bolster Web3.0 development.
• The collaboration is one of many by the oracle provider in the industry.

Chainlink, the crypto industry’s first decentralized oracle network, has announced a strategic partnership with Tencent Cloud, a subsidiary of Tencent Holdings Ltd. This collaboration aims to harness the potential of Web3 and accelerate the adoption of decentralized technology across various industries.

According to the terms of the partnership, Tencent Cloud is expected to provide various benefits to Chainlink BUILD, a Chainlink Labs program designed to assist both early-stage and established Web3 projects. 

.@ChainlinkLabs has teamed up with @tencentcloud, the cloud business of global tech company Tencent, to support the development of Web3 startups.https://t.co/16SvnVC6Mw

As part of this partnership, Tencent Cloud will provide various benefits to #ChainlinkBUILD projects,… pic.twitter.com/ywsYUm8oXq

— Chainlink (@chainlink) May 31, 2023

Through the partnership, Chainlink BUILD projects will receive default vouchers worth $10,000 for Tencent Cloud services. These vouchers will enable access to various cloud computing resources, including computing power, storage, networking, and more. 

In addition to the default vouchers, Chainlink BUILD projects also have the opportunity to receive additional vouchers worth up to $100,000. Also, the partnership will see Chainlink receive early invitations to join webinars and events organized by Tencent.

Notably, these networking events enable developers to interact with industry professionals, thought leaders, and other Web3 attendees. Thus, enhancing knowledge sharing, collaboration, and the exploration of new ideas and trends, fostering a vibrant ecosystem around decentralized technology.

Furthermore, Chainlink BUILD projects will enjoy prioritized product and service listing on Tencent Cloud’s International Marketplace. This listing ensures that the decentralized applications built on Chainlink receive enhanced visibility and exposure to Tencent Cloud’s vast user base and potential customers.

Chainlink and Tecent Aiming to Promote Decentralized Technology

The collaboration between Chainlink and Tencent Cloud holds great promise for the advancement of Web3 and the broader blockchain ecosystem. 

While commenting on the announcement, Johann Eid, Chainlink Labs’ VP of Go-To-Market, expressed his excitement for the partnership with Tencent Cloud, emphasizing the enormous benefits it provides to Chainlink BUILD projects and the broader adoption of Web3 technology. 

Eid emphasized that the partnership not only supports the growth of individual projects but also drives the overall development and adoption of Web3 technology.

The collaboration represents a collaborative effort to realize the full potential of Web3 and accelerate the adoption of decentralized technology. With highly secure and decentralized infrastructure at their disposal, developers may create new apps that contribute to the growth and evolution of the Web3 ecosystem.

With increased security, reliability, and scalability, decentralized applications can gain widespread adoption across industries, ultimately reshaping the way we interact within the digital ecosystem.

As Web3 continues to gain traction, partnerships like this will play a crucial role in accelerating its adoption. Specifically, this partnership will foster innovation, open up new possibilities, and open the door for the mainstream use of decentralized applications and blockchain technology by fusing the strengths of Chainlink and Tencent Cloud.

Meanwhile, this is only one of Chainlink’s recent collaborations. Last month, the decentralized blockchain oracle network partnered with leading DeFi and blockchain platforms such as StarkDefi, Spotify, and EverRise to pioneer developments in the ever-changing blockchain market.

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