Summary:
- The partnership will allow the Tezos Foundation to drive web3 innovation on the Tezos blockchain.
- Clients of Google’s Cloud service will receive access to tools for building blockchain applications on Tezos using the firm’s scaling technology.
- The search engine heavyweight also previously teamed up with Ethereum, Dapper’s Labs Flow blockchain, and Solana.
Search engine behemoth Google and proof-of-stake blockchain Tezos have joined hands to drive web3 innovation on the Tezos decentralized network.
The partnership between both entities will see the Tezos Foundation onboard Google Cloud as a validator, per reports. Through the agreement, corporate users of Google’s cloud infrastructure will be able to build web3 applications and deploy decentralized solutions on the Tezos blockchain.
These Cloud customers will be able to develop blockchain applications by tapping Tezos nodes. Blockchain nodes function as communication points, allowing users to confirm transactions, track blockchain history, and run the software needed for web3 apps among other tasks.
At Google Cloud, we’re providing secure and reliable infrastructure for Web3 founders and developers to innovate and scale their applications. We look forward to bringing the dependability and scalability of Google Cloud to power Web3 applications on Tezos.
– James Tromans, engineering director of web3 at Google Cloud
The tech juggernaut recently mixed its Cloud service with digital currency payments in a partnership with crypto exchange Coinbase. Coinbase will allow Cloud users to settle their payments using cryptocurrencies like Bitcoin (BTC), Ether (ETH) and eight other virtual currencies.
Google Apes In On Ethereum And Solana Infrastructure
The search engine powerhouse boasts previous interactions with web3 networks. Earlier, the tech giant announced a node hosting service for the Ethereum ecosystem.
Shortly before that, the company unveiled node services for Axie Infinity’s Ronin network, a side-chain for blockchain games that runs atop Ethereum. The tech company also joined the Solana network and launched a node engine for the blockchain in November.
Indeed, the partnership with the Tezos Foundation and other earlier collaborations reinforces the crossover narrative between massive web2 companies and burgeoning web3 ventures. Other mainstream entities like MasterCard, Visa, and Reddit have also dipped their toes into the growing blockchain ecosystem.
“Overall, the entry of Web2 giants into Web3 is a significant development for the industry as it indicates a growing interest in the benefits of the technology,” said Bitrue CSO Robert Quartly-Janeiro to EWN. The crypto exchange strategy added that traditional tech heavyweights will either collaborate with web3 players or look to compete.
Nevertheless, it remains to be seen how the involvement of these companies will impact the development and adoption of the technology – it could be highly collaborative or a deeply acrimonious relationship with existing players. Ultimately, big investments can be difficult to refuse when dealing with high valuations.