2023.11.17News Release

BLOCKSMITH&Co. Has Partnered with Tencent Cloud to Promote Web3 Services

BLOCKSMITH&Co. (Head office: Minato-ku, Tokyo; CEO: Tetsuya Sanada; hereinafter "BLOCKSMITH") is pleased to announce that Tencent Cloud, the cloud business of Tencent, one of the world's largest technology companies, has agreed to jointly promote efforts to expand the Web3 ecosystem, particularly in the development of services in the entertainment domain. By providing technical support such as SDK provision by Tencent Cloud and backing up BLOCKSMITH's ongoing development and operation of the vertical short video quiz app "QAQA", the two companies aim to make entertainment services using Web3 and blockchain technology more widespread among the general public.

■ Details

BLOCKSMITH will utilise Tencent Cloud's advanced technology to further improve the UX (user experience) of QAQA, a vertical short video quiz application.
First, the inclusion of Tencent Cloud's User Generated Short Video (UGSV) SDK makes it easier for users to create and share their own quiz videos.
The adoption of the Tencent Cloud Video on Demand (VOD) solution will also enhance content generation and delivery on the QAQA platform. User-generated short videos will be efficiently managed and distributed through the VOD system.
These technological advances in the QAQA platform form the basis for a new trend in web3 entertainment services. With this innovative initiative, BLOCKSMITH and Tencent Cloud aim to provide a platform where users can be entertained and rewarded at the same time.

■ Comment from Tetsuya Sanada, CEO of BLOCKSMITH&Co.

‘This business partnership with Tencent Cloud is a very important milestone for us at BLOCKSMITH&Co. With the unparalleled technology support of Tencent Cloud, we will be able to accelerate our vision of the massification of the Web3 ecosystem.
Our service, QAQA, is designed to make it easy for everyone to get in touch with the world of Web3, and we are very pleased that this partnership will enable us to incorporate Tencent's technical capabilities to provide a safe and comfortable service for more users.
The technical backbone provided by Tencent Cloud is essential to our philosophy of creating a platform for fun and learning through QAQA. We sincerely look forward to working together to open up new possibilities for new web3entertainment services.’

■ Comment from Poshu Yeung, Tencent Cloud International

‘Since entering the Japanese market in 2019, Tencent Cloud has continued to support digital transformation (DX) in a wide range of industries, including entertainment and gaming. This partnership with BLOCKSMITH is a milestone in demonstrating our commitment to the innovative technology Web3. Tencent Cloud always aims to grow with innovative technology and with partners around the world. 'QAQA' aims to build a user-participatory knowledge platform, leveraging the Web3 ecosystem, and we are excited to contribute our technology to this innovative platform. We will continue to work closely with BLOCKSMITH and together we will bring new value to the market.’

■ About QAQA

"QAQA" is a user-generated vertical short video quiz app where users can ask quizzes, accumulate "Chips" by continuously answering correctly, and exchange the accumulated "Chips" for the cryptocurrency "BLQS".

An alpha version is available for users to experience certain features such as quiz questions and answers. Various event functions to enhance the quiz experience, as well as the addition of NFTs, the cryptocurrency "BLQS," and a proprietary wallet, are planned to be gradually introduced.
We are also looking for more companies to join us in the future.



■ About Tencent Cloud

As one of the world's fastest-growing cloud companies, Tencent Cloud is focused on creating innovative solutions to real-world problems and the transition to digitalisation in the smart industry. Through its well-developed global infrastructure, the company provides industry-leading cloud computing, big data analytics, AI, IoT and network security products and services to businesses worldwide in a stable and secure manner. It aims to meet the needs of all industries, including the education, finance, healthcare, gaming, media and entertainment, real estate, retail, travel and transport sectors.


Company Name: BLOCKSMITH&Co.
President and CEO: Tetsuya Sanada
Establishment: April 1, 2022
Capital: 14,999,950 JPY
Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, 106-6122
Business: Development and distribution of products such as blockchain technology and crypto assets utilising NFTs