1. BITBILIHome
  2. Article

Google Cloud expands Web3 focus, eyes new products and partnerships

• 235 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

  • Japan Blockchain Association(JBA) requests for crypto tax revision to promote web3

    TL;DR Breakdown The Japan Blockchain Association(JBA) has asked the government to change the tax system to consider cryptocurrency. JBA’s proposal suggests three crypto reforms, all aimed at strengthening the nation’s position in the distributed web3 wave. Description The Japan Blockchain Association(JBA) has asked the government to change the tax system to consider cryptocurrency. JBA asserted that their analysis of the present tax structure shows that the development of web3 businesses in Japan is constrained. In particular, it asked to cancel taxes on earnings from cryptocurrency transactions and set the tax on personal … Read more The Japan Blockchain Association(JBA) has asked the government to change the tax system to consider cryptocurrency. JBA asserted that their analysis of the present tax structure shows that the development of web3 businesses in Japan is constrained. In particular, it asked to cancel taxes on earnings from cryptocurrency transactions and set the tax on personal transactions at a flat rate of 20%. JBA wants crypto tax reforms The Japan Blockchain Association has asked the government to change the tax legislation about cryptocurrencies and digital assets…

    Article 2023年7月30日

  • Chamber of Digital Commerce files amicus curiae in SEC-Coinbase case

    TL;DR Breakdown The Chamber of Digital Commerce has intervened in the SEC vs. Coinbase case by filing an amicus curiae brief. Their stance is to challenge the SEC’s regulatory approach towards the digital asset industry without proper legislative backing. The Chamber has been active in promoting regulatory clarity and compliance in the crypto sphere, even cooperating with the SEC through initiatives. Description The battle lines in the crypto universe have been redrawn once again. This time, the Chamber of Digital Commerce is diving headfirst into the fray, determined to put an end to what they perceive as the SEC’s overreach in the digital asset realm. Chamber of Digital Commerce’s Audacious Move Staunchly defending the digital frontier, the … Read more The battle lines in the crypto universe have been redrawn once again. This time, the Chamber of Digital Commerce is diving headfirst into the fray, determined to put an end to what they perceive as the SEC’s overreach in the digital asset realm. Chamber of Digital Commerce’s Audacious Move Staunchly defending the digital frontier, the Chamber of Digital Commerce recently…

    Article 2023年8月13日

  • Cboe Digital Revolutionizes Crypto Futures with Margin Trading Approval

    TL;DR Breakdown Cboe Digital has obtained regulatory approval to introduce margined trading on its crypto futures exchange, allowing traders to enter positions with reduced capital requirements. The approval enables traditional financial firms to access Bitcoin and Ether futures directly, eliminating the need for intermediaries and facilitating the physical settlement of digital assets. In a significant development for the cryptocurrency industry, Cboe Digital, a digital asset exchange operated by Cboe Global Markets Inc., has received regulatory approval to offer margined Bitcoin and Ether futures contracts. The Commodity Futures Trading Commission (CFTC) granted the approval, paving the way for Cboe Digital to introduce physically and financially settled margined contracts in the second half of this year.  This move will bring a traditional structure to new assets and enable traders to enter positions with less capital. The approval also allows traditional financial firms to access Bitcoin and Ether futures without the need for intermediaries to handle custody. Cboe Digital’s expansion into margined trading marks a significant step forward for the company, which has previously offered only fully collateralized trading of crypto futures. Contents…

    Article 2023年6月11日

  • Bitfinex forms strategic partnership in Latin America, driving crypto adoption in the region

    TL;DR Breakdown Bitfinex’s partnership with OrionX in Latin America showcases its strategic focus on driving crypto adoption in the region. Bitfinex promotes inclusivity and diversity within the crypto industry by sponsoring educational programs. Latin America has become an increasingly attractive cryptocurrency market, drawing attention from investors worldwide. Bitfinex, the major digital asset platform, has announced its latest partnership in Latin America. In a strategic move aimed at driving widespread adoption in the region, Bitfinex has invested in OrionX, one of Chile’s leading cryptocurrency exchanges. The collaboration between these two dynamic companies will have a transformative impact on the local crypto landscape, focusing on bolstering educational initiatives and fostering financial inclusivity. This development follows Bitfinex’s notable achievement just over a month ago, when its subsidiary, Bitfinex Securities El Salvador, obtained an operating license from the National Digital Asset Commission in El Salvador. This license allows them to issue and trade secondary assets through a fully compliant platform that adheres to local regulations. The company’s ongoing commitment to regulatory compliance underscores its dedication to building a secure and reliable crypto ecosystem. Furthermore,…

    Article 2023年5月26日

  • South Korea ditches China for the U.S. – Why?

    TL;DR Breakdown South Korea is subtly shifting its economic focus from China to the U.S., reflecting geopolitical tensions and strategic choices. The Biden administration is offering significant incentives to Korean companies in sectors like semiconductors and electric vehicle batteries. China has retaliated with restrictions, sparking fears among Korean companies. Description The geopolitical landscape is shifting as South Korea moves away from China and aligns more closely with the U.S., a tectonic shift with potential consequences for the global economic balance. While the shift may seem gradual, it’s as clear as day and backed by hard facts. South Korea’s journey from being intertwined with China to … Read more The geopolitical landscape is shifting as South Korea moves away from China and aligns more closely with the U.S., a tectonic shift with potential consequences for the global economic balance. While the shift may seem gradual, it’s as clear as day and backed by hard facts. South Korea’s journey from being intertwined with China to becoming closer allies with the U.S. is a story of strategy, economic necessity, and a refusal to…

    Article 2023年8月2日
TOP