1. BITBILIHome
  2. Article

Google Cloud expands Web3 focus, eyes new products and partnerships

• 114 views

TL;DR Breakdown

  • Google Cloud plans to launch more Web3-focused products and support Web3 startups.
  • The company is exploring Web3 technologies with financial services and gaming sectors.
  • Google Cloud’s Web3 startup program offers benefits like $200,000 in credits and technical support.

Description

Google Cloud plans to introduce more Web3-focused products to make its computing offerings the first choice for industry firms and developers. This move follows the recent launch of a startup program aimed at supporting players within the Web3 segment. The tech giant’s cloud computing services unit will continue to build services similar to its Blockchain … Read more

Google Cloud plans to introduce more Web3-focused products to make its computing offerings the first choice for industry firms and developers. This move follows the recent launch of a startup program aimed at supporting players within the Web3 segment. The tech giant’s cloud computing services unit will continue to build services similar to its Blockchain Node Engine, according to James Tromans, Google Cloud Web3 head. Helping customers become transformational players in the Web3 ecosystem is now a core part of the business’s mission.

While the executive did not detail any specific initiatives that might be in development, he mentioned that Google Cloud would continue to offer on-chain datasets such as Ethereum on BigQuery, Google’s serverless data warehouse. “With these fundamental capabilities, our startups move faster, focusing on their differentiated value propositions and avoid rebuilding foundational capabilities that are not unique to their business,” Tromans said.

Google Cloud’s collaborations: Exploring Web3 technologies with financial services and gaming

Google Cloud is actively working with players in the financial services and gaming sectors to explore how Web3 technologies can streamline their operations and unlock alternative business models and revenue streams. The company also focuses on artificial intelligence (AI), an area that some crypto companies are high on, while others are still evaluating the technology’s potential use cases within their business. “We fundamentally believe that AI is key to solving business and technology challenges, so we’re exploring use cases where AI and large language models can be uniquely applied in the Web3 space,” Tromans added.

Google’s growing embrace of crypto and Web3

Google created a division focused on blockchain and other next-gen distributed computing and data storage technologies in January 2022. In October, the company’s cloud unit launched its Blockchain Node Engine to help Web3 developers build and deploy new products on blockchain-based platforms. Ethereum was the first blockchain supported by the engine, with Solana set to follow.

In April, Google Cloud launched a Web3 startup program to assist companies in building faster and more secure Web3 applications. The program lets startups build on Google’s serverless platform for free and receive benefits like $200,000 in Google Cloud credits and access to technical support. Through the program, several organizations, including Aptos, Celo, Flow, HBAR Foundation, Near, and the Solana Foundation, were each set to offer $1 million worth of grants to accelerate Web3 startup growth.

In conclusion, Google Cloud’s strategic focus on Web3 and its efforts to support startups in this space represents a significant shift for the company. As Google Cloud continues to innovate and grow, it is poised to play a significant role in shaping the future of the global Web3 ecosystem. The company’s ambitious plans and recent initiatives suggest a promising future for Google Cloud as it continues to explore and expand in the rapidly evolving Web3 industry.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Google Cloud expands Web3 focus, eyes new products and partnerships

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月24日 00:35
Next 2023年7月24日 04:07

Related articles

  • How is Elliptic revolutionizing crypto detection with AI?

    TL;DR Breakdown Elliptic, a crypto-tracking startup, uses AI to find hackers and protect the blockchain in response to this expanding threat. Elliptic will use ChatGPT to supplement its human-based data collection and organization procedures to increase accuracy and scalability. Elliptic has proved its commitment to staying at the top of the industry’s fight against hackers by giving stronger security solutions to preserve cryptos’ future by employing AI. Elliptic is the recent talk in the crypto town on matters pertaining security and AI. Security continues to be a top priority in the quick-paced world of cryptos. With digital assets worth billions of dollars traded and held online, there is a significant risk of fraud and hacking. Elliptic, a crypto tracking company, has upped its game by leveraging artificial intelligence (AI) to discover hackers and safeguard the blockchain‘s integrity in response to this growing threat. Enhancing crypto security using AI Elliptic, a startup specializing in crypto analytics, is adding AI to its suite of tools to monitor blockchain transactions better and identify potential threats Elliptic’s ability to detect fraud, trace illegal cash,…

    Article 2023年6月8日

  • Apple threatens to ban popular social media App over Bitcoin tipping

    TL;DR Breakdown The creators of the decentralized social media app Damus revealed that they had received a warning letter from Apple, stating that their app could be removed from the Apple app store. The integration of the Lightning Network widget enabled Damus to facilitate Bitcoin payments and tips directly on their platform which Apple claimed violates their policy. Many other cryptocurrency proponents questioned why tipping features on Twitter are permissible while Damus’s implementation of the same feature violates Apple’s policies. On June 13, the creators of the decentralized social media app Damus revealed that they had received a warning letter from Apple, stating that their app could be removed from the Apple app store. The reason behind this potential removal is the app’s “Zaps” feature, which allows users to tip each other and content creators in Bitcoin. The integration of the Lightning Network widget enabled Damus to facilitate Bitcoin payments and tips directly on their platform. However, Apple claimed that this feature violates their policy, which strictly prohibits any form of tipping other than through in-app purchases. According to Apple’s…

    Article 2023年6月16日

  • CoinGecko Introduces Index for Crypto Tokens Viewed as Securities

    TL;DR Breakdown CoinGecko has introduced a new index, “Top Alleged Securities Coins,” that tracks crypto tokens viewed as likely securities by the SEC. The index was constructed using tokens deemed securities by the SEC in past lawsuits. The SEC’s recent lawsuits against crypto exchanges have increased the number of tokens it views as securities to 68. CoinGecko’s index lists 24 of these, covering at least $84.9 billion of the total crypto market capitalization. Description In a groundbreaking move, CoinGecko, a leading cryptocurrency data platform, has launched a new index that tracks the largest crypto tokens perceived as likely securities by the United States Securities and Exchange Commission (SEC). The index, dubbed “Top Alleged Securities Coins,” organizes the selection of crypto assets by market capitalization. Contents hide 1 The Emergence … Read more In a groundbreaking move, CoinGecko, a leading cryptocurrency data platform, has launched a new index that tracks the largest crypto tokens perceived as likely securities by the United States Securities and Exchange Commission (SEC). The index, dubbed “Top Alleged Securities Coins,” organizes the selection of crypto assets by…

    Article 2023年8月7日

  • Bitcoin plunges following Federal Reserve decision on interest rates-Details

    TL;DR Breakdown The Federal Reserve maintains its interest rates, but Bitcoin experiences a significant decline to $25,000, indicating turbulence in the cryptocurrency market. The drop in Bitcoin’s and altcoin values highlights the interdependence of digital assets within the cryptocurrency market. The Federal Reserve’s decision does not significantly impact the cryptocurrency market, as it operates independently and is influenced by different factors. The U.S. Federal Reserve has maintained its benchmark fed funds rate range of 5.0-5.25%. This pause comes as the central bank seeks time to assess the consequences of its previous monetary tightening actions on the overall economy. Following Fed’s decision, Bitcoin declined and currently trades at around $25,000 at the time of writing. The Fed embarked on a mission to rein in inflation, which had surged above 8% annually. Beginning in March 2022, it gradually tightened monetary policy, resulting in a series of ten consecutive rate hikes that pushed the Fed funds rate from 0-0.25% to the current range. Over the past year, inflation has gradually decelerated, as evidenced by the May Consumer Price Index (CPI) report showing a…

    Article 2023年6月18日

  • Musk’s latest move: Twitter logo to get scrapped

    TL;DR Breakdown Elon Musk plans to rebrand Twitter and replace its iconic bird logo, as part of his plan to create an “everything app” under the brand “X”. Musk has reduced the company’s workforce and implemented policy changes that have led to a decrease in advertising revenue. Twitter is facing competition from rival Meta, which has attracted many users to its Threads feature. Twitter has threatened to sue Meta over alleged theft of trade secrets. Description The ever-innovative Elon Musk, owner of the popular social media giant Twitter, has disclosed plans to overhaul the brand and abandon its symbolic bird emblem. An icon recognized across the globe, the famed bird is soon to exit the stage, according to Musk’s recent declarations on the platform. Musk’s imminent brand transformation is poised to … Read more The ever-innovative Elon Musk, owner of the popular social media giant Twitter, has disclosed plans to overhaul the brand and abandon its symbolic bird emblem. An icon recognized across the globe, the famed bird is soon to exit the stage, according to Musk’s recent declarations on…

    Article 2023年7月24日
TOP