30s Summary

Google Cloud is expanding its involvement in the cryptocurrency sector by becoming a significant participant in the Cronos blockchain. This move is part of a larger collaboration with Cronos Labs. Google Cloud will provide resources to help develop next-generation decentralized applications and will be a chief validator in the Cronos Ethereum Virtual Machine protocol. Other major participants on the Cronos blockchain include Crypto.com, Blockdaemon, Ubisoft, and Exaion. The partnership is expected to attract more tech-savvy open-source contributors and enhance the security and reliability of the network.

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Google Cloud is stepping up its involvement in the realm of cryptocurrency by becoming a major player in the Cronos blockchain. This move is part of an expanded partnership with Cronos Labs, which aims to foster more innovative tech and get more developers using the network.

Rishi Ramchandani, who heads up Web3 APAC at Google Cloud, explains that Google Cloud will provide resources to help developers build next-gen decentralized apps. This collaboration combines Google Cloud’s secure infrastructure, artificial intelligence, and data analytics tools.

Being the chief validator, Google Cloud will be part of a team of 32 validators on the Cronos Ethereum Virtual Machine protocol. These validators help to keep the network secure and decentralised by creating and confirming new data blocks.

The Cronos Labs partnership aims to bring together more tech-savvy open-source contributors and validators. Other big names on the Cronos blockchain include Crypto.com, Blockdaemon, Ubisoft, and Exaion.

According to Ken Timsit, managing director at Cronos Labs, more and more companies like Google Cloud are entering the Web3 space, and it’s expected that developer-focused businesses will follow suit.

As the main cloud provider on Cronos, Google Cloud will add value by increasing the security and reliability of the entire network. It will make the Cronos Accelerator program even more attractive to startups and lead to the development of innovative decentralized apps using Google Cloud’s data processing, computing, and AI functionality.

Other large companies exploring Web3 technology include luxury car brands like Lamborghini and Ferrari, Amazon Web Services, and clothing brands like Dolce & Gabbana, Nike and Adidas.