Tencent Cloud, the cloud business of global technology company Tencent, today announced its support for Metalife, a new communication tool from Japan that can be used as an office, event venue, classroom, remote workspace, and meeting room in the metaverse. On the platform, Tencent Cloud Media Services including Tencent Real-Time Communication (TRTC) along with a suite of audio & video solutions are set to be integrated for users to realistically communicate anytime, anywhere as an avatar in the virtual world.
The metaverse has enabled users to share experiences and interact in real-time within a virtual space, transforming how people work, shop, communicate, and consume content. More companies are now relying on immersive technologies to engage with their audience and enhance their customer experience. This growing demand is illustrated by recent findings that the global metaverse market size was valued at USD 22.79 billion in 2021. It is also expected to grow at a compound annual growth rate (CAGR) of 39.8% between 2022 and 2030.
Building on Tencent’s 20+ years of experience in network and audio/video technologies, Tencent Cloud supports Metalife to allow users to connect in an immersive, virtual environment through its TRTC technologies. In addition, it enables enterprises to build interactive live streaming services with minimal lags, and a global end-to-end latency of below 300 milliseconds, to ensure a smooth audio/video experience under a packet loss rate of 80%. This is highly compatible across platforms and regions – an impactful choice for building metaverse platforms.
Poshu Yeung, Senior Vice President, Tencent Cloud International, said, “The advent of technologies that power the metaverse, allows businesses and enterprises of all sizes and from various fields to create virtual worlds of their own, and opens doors of opportunity to widen their reach and audience-base as possible. Tencent Cloud is pleased to have its high-quality solutions such as TRTC as a leading choice to assist companies and organizations like Metalife in this digitalization journey.”
Kiyoshi Kondo, Chief Executive Officer, Metalife, said, “The world and how we interact with each other has changed with the ever-evolving technology, and the emergence of the metaverse is a significant step to a brighter, digitalized future. Metalife is pleased to benefit from Tencent Cloud and its cost-effective, highly compatible, and high-performing TRTC SDK to allow our users to realistically and communicate better in the metaverse through their avatars. Moreover, with the support from Tencent Cloud’s full suite of audio/video technologies, we are confident in upgrading our services and functions easily and efficiently in the future.”
To provide one-stop technical services for enterprises to build their metaverse projects and applications, Tencent Cloud has also recently introduced a suite of state-of-the-art metaverse solutions that include Cloud Application Rendering (CAR), Game Multimedia Engine (GME), digital humans, and a wide range of audio and video products such as TRTC, Instant Messaging (IM), Avatar SDK, and more, that have built a number of successful use cases for metaverse. Explore more at https://www.tencentcloud.com/solutions/metaverse.