Crypto NewsAltcoinPartnership Between Chinese Giant Company Tencent and This Altcoin Announced! Price Responds!

Partnership Between Chinese Giant Company Tencent and This Altcoin Announced! Price Responds!

According to the statement made by the developers, this altcoin will cooperate with the Chinese giant company Tencent.

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Tencent Cloud, the cloud unit of global technology company Tencent, announced that it has partnered with the Injective (INJ) altcoin, a decentralized derivatives exchange protocol.

The partnership aims to support developers and innovators working on Injective's platform.

This partnership, announced on the Injective official website, will give the winners of the Injective hackathon access to Tencent Cloud's cloud infrastructure, allowing them to quickly bring their ideas to life.

24-hour chart showing movement in INJ price.

Eric Chen, co-founder and CEO of Injective Labs, said:

“By collaborating with Tencent Cloud, Injective developers gain access to a range of resources and support that will enable them to accelerate their development. With the support of Tencent Cloud, Injective is well positioned to be a leader in Web3 while driving true innovation.”

Leo Li, Vice President of Tencent Cloud International Europe, said the following about the cooperation:

“We look forward to strengthening our work with Injective as we support developers in the mobile Web3 ecosystem.”

Tencent Cloud is known as a cloud services provider that provides infrastructure, top-tier solutions and comprehensive cloud services to enterprises and startups.

Tencent is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. One of the world's highest-grossing multimedia companies by revenue. It also represents the world's largest video game vendor and one of its most financially valuable companies.

Tencent's services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones and online multiplayer games.

*Not investment advice.

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