Morpheus Labs, a leading provider of blockchain low code development platforms has announced that it has entered into a Memorandum of Understanding (MoU) with Tencent Cloud, the cloud business of global technology company Tencent, to cooperate on efforts to drive Web3 gaming and metaverse innovation, and promote the development of the Web3 ecosystem.

The MoU will cover collaborations surrounding the development of digital technologies, blockchain, and Web3-related solutions. Both parties also aim to provide a comprehensive development environment that is fast, secure, and scalable – allowing Web3 builders to create innovative gaming experiences that are engaging and rewarding for players.

The partnership will provide both Morpheus Labs and Tencent Cloud with the opportunity to grow their customer base and tap into each other’s existing resources and solution models. With Tencent Cloud’s market leadership in games, metaverse, and fintech development, coupled together with Morpheus Labs’ experience in Web3 landscape and development, both parties are confident that this collaboration will create opportunities to accelerate the adoption of blockchain technologies. With a primary focus on the Asia-Pacific region, both parties seek to provide both established and emerging companies from gaming and other industries to accelerate their growth in their respective markets.

Yielded Results with GEMS Esports 3.0

The collaboration has already culminated in the onboarding of GEMS Esports 3.0, an O2O aggregator blockchain gaming platform that offers a secure, transparent, and rewarding gaming experience with over 120 Web3 partners, 22,000 Esports players who have completed more than 52 Gamefi projects, 7 major tournaments, and over 1M social traffic across all their channels. Their clients include popular technology and gaming titles.

With this MoU, the gaming industry certainly looks to gain from the Morpheus Labs and Tencent Cloud partnership.