Skip to main content

GOOGLE FORMS WEB3 TEAM DUE TO "ENORMOUS POTENTIAL"

 


Responding to high demand for Web3

Google Cloud VP Amit Zavery wrote in an email:


Customers have asked for more support for Web3 and crypto-related technologies.


Amit Zavery, a vice president at Google Cloud, told employees in an email seen by CNBC on Friday that the company's cloud platform should be the preferred choice among developers.


He further wrote:


While the world is still in its infancy when it comes to Web3, it is a market that already shows tremendous potential as many customers ask us to increase our support for Web3 and crypto technologies.

What is Web3?

Web3 refers to the next generation of Internet applications that focus on decentralization, allowing users to remain in control of more of their data.


The Google team will work on back-end services for developers building Web3 applications, the email said.


Google wants to compete in the blockchain space

During Alphabet's 2021 Q4 earnings call in February, CEO Sundar Pichai said that the Google Cloud team is just one way the company is positioning its businesses to compete in blockchain technology.


Pichai responded to a question from JP Morgan analyst Doug Anmuth during the conference call:


At Web3 we are definitely looking at blockchain and such an interesting and powerful technology with broad applications that is much broader in every single application. So as a company we are looking at how we can contribute to the ecosystem and add value. Just one example, our cloud team is exploring how to support our customers' needs in building, transacting, storing value and delivering new products on blockchain-based platforms.

The company has been considering how to fit into the crypto space for some time.


In January, Google hired Arnold Goldberg, a former chief product architect at PayPal, to head its payments department. He was still with the payment service provider when it announced that customers could use their accounts to buy Bitcoin and Ethereum.


Back in January, Bill Ready, Google's President of Commerce, announced that as user and merchant demand evolves, we will evolve with it.


The top companies are working on and with the blockchain technology

It's no news that big corporations are eyeing blockchain technology and bitcoin. However, Google has repeatedly commented on this and this shows that solutions are already being worked on and that the best people are working on the technology. This will have a major impact on the industry in the long run.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more