Cointime

Download App
iOS & Android

Ava Labs and Tencent Cloud Enable Rapid Node Deployment on the Avalanche Public Blockchain Across APAC

Validated Project

Ava Labs announced it has entered into a strategic partnership with Tencent Cloud to support projects and developers across the Avalanche ecosystem. In addition to providing developers with rapid node deployment, both parties will also explore Avalanche Subnets for enterprises to help accelerate adoption of Web3 technologies across traditional businesses.

Under this arrangement, a full Avalanche node is now live on Tencent Cloud in sync with the Avalanche public blockchain, enabling Tencent Cloud’s infrastructure to support efficient and rapid node deployment for developers and validators across APAC. These features and functions aim to support faster throughput and development for projects in the region building on Tencent Cloud while helping achieve resource decentralization.

Avalanche has developed a suite of Web3 products, including a blockchain wallet, explorer, and bridge. Builders will be able to leverage Tencent Cloud’s infrastructure, together with Avalanche’s Web3 products to build Web3 applications on the Avalanche blockchain.

Avalanche’s novel Subnet technology enables enterprises to develop fully-customizable blockchain infrastructure purpose-built for their use case. This includes choosing who participates in network security, who can access the Subnet, which virtual machine it uses, fee economics, and more.

Game studios should be particularly excited about these developments. They require dedicated, high-performance infrastructure to support large scale user bases, which this combination will deliver. With Avalanche, developers can build confidently knowing users will experience near-instant transaction finality to ensure the low-latency experience they expect from modern games.

According to Ed Chang, Head of Gaming at Ava Labs, “The capabilities that Tencent and Avalanche will deliver are incredibly exciting for the future of games built on blockchain. Tencent is a global powerhouse in both the gaming and infrastructure space, and this collaboration opens the door to building truly incredible Web 3 gaming experiences.”

“Avalanche is the premier platform for both individuals and institutions to build Web3 applications and infrastructure,” said Wilson Wu, Avalanche’s Asia Growth lead. Wu continued, “With Tencent’s support behind the Avalanche ecosystem and its builders, we will push the boundaries of what is possible.”

Ava Labs and Tencent also intend to co-host in-person and online conferences, education programs, developer meetups, and more to support Web3 builders and projects building on Avalanche, starting with a series of events at Tencent Cloud Day in Singapore.

Get the latest news here: Cointime channel — https://t.me/cointime_en

Comments

All Comments

Recommended for you

  • Chinese Police Dismantle $1.9B Smuggling Ring Using USDT Stablecoin

    Chinese police have dismantled a large-scale underground banking scheme involved in smuggling operations valued at $1.9 billion. The illicit network used Tether's stablecoin USDT to facilitate the smuggling of pharmaceuticals, cosmetics, and the purchase of prohibited goods overseas. The crackdown coincides with China's nationwide observance of "May 15" Publicity Day for Combating and Preventing Economic Crimes. Police have arrested 193 suspects nationwide, including ring leaders Lin, Weng, Chen, and other unnamed individuals.

  • NYC-based Prediction Market Polymarket Raises $70M in Funding to Expand Operations and Development Efforts

    NYC-based prediction market, Polymarket, has secured $70 million in funding from investors including Founders Fund, 1confirmation, ParaFi, Vitalik Buterin, Dragonfly, and Kevin Hartz. The funds will be used to expand operations and development efforts. Polymarket, founded by Shayne Coplan, allows traders to predict the outcome of future events and react to breaking news in real-time, with market prices conveying the likelihood of important events. The platform has already seen a record $202 million worth of predictions made in 2024 across politics, current events, pop culture, and more.

  • Philippines central bank approves peso stablecoin pilot

    The Philippines central bank has authorized Coins.ph to initiate a pilot program for a new Philippine Peso-backed stablecoin, PHPC, under its Regulatory Sandbox Framework. This pilot aims to integrate PHPC into significant remittance channels to enhance the efficiency of transactions within the substantial Philippine remittance market. Coins.ph plans to launch the stablecoin by early June, following comprehensive real-world application testing to potentially achieve full regulatory approval.

  • The Sonne Finance hacker address has exchanged 56 WBTC into about 1,185 ETH

    According to PeckShield's monitoring, Sonne Finance hacker address 0x6277...4c07 has exchanged 56 WBTC for approximately 1,185 ETH and 3 WBTC for 183,000 DAI.

  • ECB Governing Council: We are likely to start cutting interest rates in June

    ECB committee member Villeroy stated that it is very likely that we will begin cutting interest rates in June.

  • Former FTX executive Ryan Salame asks court for leniency, sentences him to 18 months in prison

    According to a sentencing memorandum submitted on Tuesday, former FTX executive Ryan Salame pleaded guilty in September of last year to conspiring to make illegal political contributions and conspiring to operate an unlicensed money transmission business. His lawyer requested leniency from the court and for him to serve an 18-month sentence. While working at FTX and Alameda, Salame managed wire deposits and fiat currency exchanges for FTX clients, used Alameda funds to make political contributions, and led charity efforts in the Bahamas.

  • Hong Kong police arrested a 1 million USDT fraud gang and seized 3,000 ghost coins

    According to a report from Sing Tao Daily, Hong Kong police received a report from a 35-year-old man on April 12th, claiming that he was unable to recover cash after reselling approximately 1 million yuan worth of virtual currency USDT in a shop in Tsim Sha Tsui and suspected that he had been deceived.After an investigation by the Technology and Wealth Crime Group of the Yau Tsim Police District, the police launched an operation in multiple areas of Hong Kong on May 13th and arrested three local men aged between 31 and 34 years old, who were suspected of obtaining property by deception.The police found 3,000 fake banknotes, a money clip and a counting machine in the shop. The investigation showed that the arrested men showed the victim fake banknotes and asked him to transfer virtual currency to a designated wallet, and then refused to hand over the cash for various reasons, resulting in the victim losing approximately 1 million yuan worth of virtual currency.

  • OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

    The game is currently available in early access on the Epic Games Store.

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

  • Barcelona-based Web3 Video Games Startup GFAL Raises $3.2M in Seed Funding to Expand Team and Accelerate Production Plans

    Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.