Huawei Cloud made significant strides in advancing Web3 innovation during its active participation in various key events as part of TOKEN2049 week in Dubai. Showcasing cutting-edge cloud solutions and collaborating with industry partners, Huawei Cloud aimed to drive innovation across infrastructure and the metaverse domains.

Key Points:

• TOKEN2049 Week: Held from April 15-21, 2024, TOKEN2049 is a global conference series where crypto ecosystem decision-makers convene to exchange ideas and shape the industry. The Dubai chapter featured a plethora of co-located events, meetups, workshops, networking events, and hackathons.

• Web3 Summit Participation: On April 16, Huawei Cloud joined the Web3 Summit, a co-located event gathering experts, scholars, and entrepreneurs in the Web3 field. Discussions centered around advancements in blockchain, decentralized finance, smart contracts, and more.

• Dr. Li Huaxi's Insights: Dr. Li Huaxi, Director of Web3 Product at Huawei Cloud, emphasized the significance of blockchain in shaping the future of the Internet. He discussed the role of crypto-native technology and highlighted the importance of incentivizing node operators for maintaining stable network operation.

• Cui Lei's Remarks: At the Token 2049 Gate.io Exclusive Night VC & Web3 Ecosystem Party on April 19, Cui Lei, General Manager of Huawei Cloud Web3, shared Huawei Cloud's innovative Web3 solutions and industry practices. Lei reiterated Huawei Cloud's commitment to the Middle East market and its collaboration with Web3 customers and partners for mutual success.

• Dr. Xue Tengfei's Contribution: During the Web 3.0 Open - Meta Era Reunion on April 20, Dr. Xue Tengfei, Web3 Technical Planning Expert at Huawei Cloud, discussed the crucial role of zero-knowledge proofs (ZKP) in the development of the decentralized world computer. He highlighted Huawei Cloud's efforts in providing cloud instances and serverless services to accelerate ZKP generation.

• Huawei's Commitment: With over $150 billion invested in research and development over the past decade, Huawei remains dedicated to advancing technologies and providing innovative solutions. Huawei Cloud's presence in Saudi Arabia underscores its commitment to delivering top-notch services. As a close partner to Web3 customers in the Middle East, Huawei Cloud continues to drive growth and development in the Web3 ecosystem through collaboration and participation in key events.

Huawei Cloud's engagement at TOKEN2049 week signifies its commitment to fostering Web3 innovation and shaping the future of technology in the Middle East and beyond.