The tech giant Google have joined the crypto space and how! Earlier this week, on Tuesday, April 25,2023, Google has announced that it is looking to expand its Google Cloud Startup Program to blockchain companies.
The new venture from Google is set to offer up to a whopping $6 million in partnering grants. Not only that, Google is also offering a several hundred thousand more in Google Cloud credits for this, which can be used to access the computer processing power. The collaborators who have joined hands with Google and is offering up to $1 million in token rewards per Web3 company include some of the prominent names of the crypto space. The teams behind those blockchains are:
- Aptos
- Celo
- Near
- Solana
- Hedera Hashgraph
The Head of Web3 Engineering at Google Cloud, James Tromans, following the announcement has mentioned that, “Google Cloud views the evolution of blockchain technology and decentralized networks today as analogous to the rise of open source and the internet 10 to 15 years ago. Just as open source developments were integral to the early days of the internet, blockchain is yielding innovation and value creation for consumers and businesses.”
This program from Google has been set to specifically target the so-called Web3 companies in their early stages of funding. Web3, as a term, has often been described as a series of open-source and interconnected decentralized applications that are powered by the blockchain computing architecture.
The Google Cloud Startups Program, Accelerator, has already witnessed over 30,000 new companies completing their course. All the participants are set to receive very useful gifts as a result of the same. They are:
- Access to the Google Cloud storage
- Access to Google’s own blockchain node engine
- Having mentors
- Many other resources that are required for startups to begin their journey successfully without resulting or creating any technical debt which will slow them down; as mentioned by Tromans.
Read more: Web2 vs Web3 – Everything you need to know!
All the participants of this Google Cloud Startups Program is also going to receive priority review for the Coinbase’s Base Ecosystem Fund. This fund is kept for the projects that have used Base to built themselves. Base is the newly launched blockchain network from Coinbase, which is interoperable with the Ethereum network.
Source: Forbes
