MultiversX Unveils Web3 Partnerships with Google Cloud and Telekom
In Brief
MultiversX has announced two significant partnerships in the Web3 space.
The company has partnered with Google Cloud to advance Web3 capabilities and with Deutsche Telekom MMS to enhance network security.
Blockchain company focused on the metaverse, MultiversX recently announced new partnerships with Google Cloud and Telekom, that aim to enhance AI and big data integration in the Web3.
The company’s smart contract platform collaboration with Google Cloud is a strategy to drive the development of blockchain-powered tools and Web3 solutions harnessing AI. Likewise Deutsche Telekom has joined the MultiversX Network as a validator, overseeing transactions, block creation and network security.
The announcement for Google Cloud was shared during a discussion at the xDay Conference, featuring representatives from major tech companies, government officials, and influential experts. Beniamin Mincu, CEO of MultiversX, and Daniel Rood, Head of Web3 EMEA at Google Cloud, expressed their mutual commitment to accelerating the expansion of Web3.
MultiversX’s sharded architecture, capable of handling over 100,000 transactions per second, has become the favored backend solution for real-world applications in various sectors. This is attributed to advancements in token standards and smart accounts, attracting institutions like the European digital assets marketplace ICI D|SERVICES and Audi’s in-car virtual reality platform, holoride.
The integration of MultiversX’s network with Google Cloud’s BigQuery, a serverless data warehouse with a built-in query engine, streamlines the execution of large-scale blockchain projects. This synergy empowers Web3 developers and users to glean valuable insights from data analytics and AI tools, making data on addresses, transacted amounts, smart contract interactions and more easily accessible.
Rood emphasized the exciting opportunities for Web3 developers to build and scale rapidly:
“Our partnership with MultiversX will allow us to expand our strategy further and solidify our position as one of the main innovation drivers in the blockchain world.”
Furthermore, this partnership empowers ecosystem builders to leverage Google Cloud’s advanced tools and services, enhancing the performance and scalability of their non-blockchain components for dApps. The collaboration initiated its first joint endeavor at the xDay Hackathon, offering up to $1 million in prizes and funding, with Google Cloud leading the Artificial Intelligence track.
In the months ahead, MultiversX and Google Cloud aim to deepen their collaboration in integrating and supporting the MultiversX network, exploring new avenues to aid startups on their path to growth and scalability.
Deutsche Telekom Joins MultiversX to Bolster Web3 Security
Telekom aims to enables fast, secure and cost-effective Web3 applications with MultiversX. Its multi-cloud strategy, high-performance infrastructure, round-the-clock expert maintenance and extensive experience in managed networks form the foundation for ensuring the blockchain network’s security and reliability.
“The Metaverse demands secure infrastructures because digital experiences and mass gaming necessitate stable networks. I am excited to embark on the next Web3 journey with MultiversX and shape this new era,” remarked Dirk Röder, head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom.
Beniamin Mincu, MultiversX CEO, underlined the significance of industry veterans actively participating in blockchain, pushing Web3’s potential to new heights with Deutsche Telekom.
“A strong sign of blockchain’s progress is when industry veterans pay attention to and actively participate in it. Today, we are further pushing Web3’s potential by creating new pathways and exploring new experiences with Deutsche Telekom,” said Mincu.
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About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
