Launch of Google Cloud’s Web3 gateway ignites discussion in the cryptocurrency space
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Launch of Google Cloud’s Web3 gateway ignites discussion in the cryptocurrency space

A new Web3 page from Google Cloud contains resources for blockchain developers, like as data sets and how-to guides for making nonfungible tokens (NFT). But there has been a mixed response in the bitcoin sector. “No built-in support for Lightning and Bitcoin? “Seems like a mistake to overlook the most significant cryptocurrency,” Unchained vice president of product marketing Phil Geiger wrote in an April 25 post on X.

On April 26, anonymous cryptocurrency dealer MartyParty said to his 80,700 X followers, “Not impressed Google is way behind.”Others, however, responded to the launch with greater openness. Ivaibi Festo, the founder of Mitroplus Labs, called the Web3 portal a “comprehensive resource” in a post published on X on April 25.

On its website, it states that developers can use testnet currencies and a variety of tools to launch and evaluate their decentralized apps on the Ethereum testnets, Holesky and Sepolia.Additionally, it offers a learning program with tutorials on how to safeguard digital assets using multi-party computation, construct an NFT, and deploy Web3 loyalty programs.

This follows a number of recent initiatives by Google in the Web3 sector. Recently, Google added the ability to search wallet balances across several blockchains, including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom, to its list of capabilities.

Google changed its regulations at the start of 2024 to permit the promotion of some cryptocurrency products on popular search engines, like as exchange-traded funds for Bitcoin. It seemed to be concentrating on forming alliances in 2023 in order to get ready for the portal’s introduction this year.

With the integration of MultiversX with Google Cloud’s BigQuery data warehouse in October 2023, Web3 projects and users will be able to benefit from strong data analytics and artificial intelligence tools within the Google Cloud ecosystem. September 2023, a month earlier, saw the addition of 11 blockchain networks to Google’s BigQuery data warehouse.

Avalanche, Arbitrum, Cronos, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, Tron, and Ethereum’s Görli testnet were among the new networks.