China’s Huawei Cloud Is Expanding The Web3 Market

China's Huawei Cloud Is Expanding The Web3 Market

Key Points:

Huawei Cloud advances Web3 by updating the Ethereum and TRON node engines, prioritizing privacy.
The Metaverse and Web3 Alliance by Huawei Cloud unites companies, gaining traction with 100+ partners.
Huawei’s Web 3.0 Node Engine goes live, supporting Ethereum and TRON, boosting global presence and Web3 growth.

With its latest developments, Huawei Cloud’s expansion into the Web3 market takes a significant step forward.

The cloud infrastructure branch of China’s tech giant, Huawei Cloud, recently announced updates to the Ethereum and TRON node engines.

Notably, the Ethereum stake operation instructions were revamped on August 3, underscoring Huawei Cloud’s commitment to blockchain users’ privacy by affirming the non-collection of blockchain addresses.

To drive collaborative growth in the sector, Huawei Cloud had previously established the Metaverse and Web3 Alliance in February. This alliance united various enterprises, including Morpheus Labs, DeepBrain Chain, Blockchain Solutions, and Polygon.

The initiative gained momentum when over 100 partners and major clients from the APAC region attended an exclusive event, underscoring its significance.

Huawei‘s Web 3.0 Node Engine Service (NES) marked a milestone as it went live on July 30th, offering support for Ethereum and TRON. This move is set to amplify TRON’s global influence and technical capabilities and stimulate its worldwide expansion.

The NES is poised to invigorate Web3 development and foster novel innovations in blockchain applications, aligning with Huawei’s vision.

Describing the Web 3.0 NES as a node engine platform, Huawei underscores its role in linking developers to leading blockchains such as TRON and Ethereum.

This platform streamlines blockchain network management, resource allocation, and verification while enhancing the stability, efficiency, and security of Web3 services.

As TRON focuses on Asia, particularly Hong Kong and Japan, integrating Huawei’s Web 3.0 NES simplifies network configuration, enabling TRON to deliver more efficient services to its vibrant community.

The partnership between Huawei Cloud and the Web3 ecosystem augurs well for the evolution of blockchain technology and its pervasive influence across industries.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.