Friday, 24 March, 2023

Tencent set to join the Web3 space with plans to explore DeFi opportunities

<p>Chinese tech giant Tencent is planning to join the Web3 world as it looks to explore new opportunities in the decentralized finance (DeFi) market. The company is looking to develop its blockchain technology and invest in Web3 applications. Tencent has previously been hesitant to jump into the crypto and blockchain space, but it seems to be changing its stance with this new move. Tencent has already established a blockchain-based supply chain management platform.</p>