Tencent Cloud, in collaboration with Ankr, has unveiled its latest product, Tencent Cloud Blockchain RPC. Designed specifically for Web3 developers, this product aims to provide reliable Web3 infrastructure and essential developer services. With the goal of overcoming obstacles commonly faced in Web3 development, Tencent Cloud Blockchain RPC offers a solution that is both cost-effective and resource-efficient.
Web3 development can be complex and challenging, with high operational costs and resource requirements being major hurdles. Tencent Cloud recognizes these difficulties and seeks to address them with its Blockchain RPC service. By allowing developers to query data and process transactions on various blockchains with ultra-low latency, the service promotes decentralized application development. Moreover, it helps mitigate issues such as hardware failures, network disruptions, and potential malicious attacks that can hinder application performance. With this service, Tencent Cloud aims to make decentralized application development easier and more accessible.
Tencent Cloud has plans to offer its Blockchain RPC service in two versions: a public version with specified features and rate limits, and a premium version operating on a Pay-as-you-Go model. The premium version will offer increased request throughput and enhanced rate limits. Additionally, Tencent Cloud intends to expand the service to support more blockchains and global regions in the near future. This expansion will provide developers with more options and flexibility when building Web3 applications.
The new Blockchain RPC product boasts impressive performance metrics, supporting up to 1,800 requests per second per chain. This level of efficiency is primarily attributed to Ankr’s expertise in node technology. Additionally, Tencent Cloud guarantees high disaster tolerance and ultra-low latency RPC services, which are crucial for maintaining stability and service availability in the fast-paced Web3 environment. These performance metrics demonstrate Tencent Cloud’s commitment to empowering developers and supporting the growth of decentralized applications.
Poshu Yeung, Senior Vice President at Tencent Cloud International, expressed his enthusiasm about the launch of Blockchain RPC. He emphasized Tencent Cloud’s dedication to aiding the global Web3 community and highlighted the importance of partnerships, including the collaboration with Ankr. Yeung stated, “Tencent Cloud is glad to be offering unprecedented capabilities to empower developers and to support the growth of decentralized applications.” Stanley Wu, the Co-Founder and CTO of Ankr, also shared his optimistic outlook, indicating that this partnership is a significant milestone in the growth of the decentralized internet.
At present, Tencent Cloud Blockchain RPC is operational in the Hong Kong and Singapore zones, serving customers worldwide. It offers blockchain interaction capabilities for three popular blockchains: Ethereum Mainnet, BNB Smart Chain, and Polygon PoS. However, Tencent Cloud has plans to incorporate more Layer-1 and Layer-2 roll-up blockchains in the future. This expansion of supported blockchains will provide developers with a wider range of options and possibilities for their Web3 applications.
In February of this year, Tencent made a notable shift in its strategic direction by scaling down its Extended Reality (XR) metaverse division. Established in June 2022, the XR division employed over 300 individuals, but it now faces dissolution. Affiliated personnel have been given the choice to either leave the company or secure alternative roles within it, indicating a clear pivot in Tencent’s approach. Instead of focusing on virtual reality (VR) hardware and software components as initially planned, Tencent is now redirecting its efforts towards a more economically viable route for shaping its upcoming metaverse endeavors.
Tencent Cloud’s launch of its Blockchain RPC service marks a significant development for Web3 developers. By providing reliable infrastructure and essential services, Tencent Cloud aims to ease the challenges faced in Web3 application development. The service’s impressive performance metrics, coupled with Tencent Cloud’s commitment to expanding its offerings, demonstrate the company’s dedication to empowering developers and supporting the growth of decentralized applications. With its latest strategic shift, Tencent is adapting to the changing landscape and taking a more sustainable approach to its metaverse ambitions.