💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Polygon Labs And Google Cloud: The Dream Team Of Web3 Innovation

Published 27/04/2023, 19:18
© Reuters.  Polygon Labs And Google Cloud: The Dream Team Of Web3 Innovation
GOOGL
-
GOOG
-

Benzinga - Google Cloud (NASDAQ: GOOG) (NASDAQ: GOOGL) has announced a significant partnership with Polygon Labs, a software developer that supports the Polygon (CRYPTO: MATIC) ecosystem of blockchains.

According to a statement released on Thursday, Google Cloud will be adding support for Polygon, a collection of layer-2 blockchains built on top of Ethereum (CRYPTO: ETH), to its Blockchain Node Engine, which currently supports only Ethereum and Solana.

Ryan Wyatt, President of Polygon Labs, expressed his optimism about the collaboration, stating, "Google Cloud supporting all of the Polygon protocols is a step in the right direction to help onboard more people into Web3."

In addition to this, Google Cloud will create infrastructure to support Polygon zkEVM, a new blockchain within the Polygon ecosystem, and help developers deploy application-specific blockchains using Polygon tech on its servers by the end of Q3.

Also Read: Bitcoin Takes 8% Hit Due To Mt. Gox Rumors: Here's What Matrixport Is Predicting

Moreover, Google Cloud will provide startups backed by Polygon Ventures with hosting credits and access to its newly announced Web3 startup program.

Mitesh Agarwal, managing director at Google Cloud, highlighted the company's focus on Web3, saying, "The industry is experiencing a flight to quality as corporations seek to minimize risk when exploring new possibilities in Web3."

Polygon has recently gained several high-profile clients, including Starbucks and Mastercard, which is why Google Cloud's partnership with Polygon Labs is more extensive than its previous affiliations with other blockchain protocols like Celo.

Read Next: Hong Kong All-In On Crypto: New Licensing Regime Allows Retail Investors To Trade Bitcoin, Ether

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.