Giant technology company Google attracts the attention of many technology followers with new partnerships. Finally, Google Cloud announced that it has partnered with the popular altcoin Polygon (MATIC)! Here are the details…
Google Cloud announces partnership with popular altcoin Polygon (MATIC) for Web3 service!
Google Cloud is working with Polygon Labs to make it easy for developers to build, launch and grow their Web3 products and decentralized applications (dapps) on the Ethereum-based layer 2 blockchain. As part of the new partnership, Google Cloud will bring the tech giant’s fully managed node hosting service, Blockchain Node Engine, to the Polygon ecosystem, which will help developers focus on building on the protocol while retaining full control over where nodes are deployed. All these statements the company made in a statement released during Consensus 2023 in Austin, Texas.
On the other hand, Polygon President Ryan Wyatt, who made statements on the subject, conveyed the following words:
Today’s announcement with Google Cloud aims to increase throughput enabling use cases in gaming, supply chain management and DeFi
This will pave the way for even more businesses to adopt blockchain technology through Polygon.
On the other hand, as a Web2 powerhouse, Google has been actively moving towards the Web3 world in recent years, making its technical expertise more available to developers to create projects. Finally, it launched a “Google for Startups Cloud Program” to support startups and emerging projects in the Web3 industry to scale their projects faster and more securely. Also earlier this month, the Celo Foundation announced that it is working with Google Cloud to provide workshops and cloud computing services to developers and Web3 founders working on Celo.
This partnership between Google Cloud and Polygon will take Zero-Knowledge technology one step further!
On the other hand, the tech giant said its partnership with Polygon will help the protocol advance its zero-knowledge innovation strategy, potentially making transactions cheaper and faster. “For example, initial tests to run the zero-knowledge proofs of Polygon zkEVM on Google Cloud resulted in significantly faster and cheaper operations compared to the current setup,” the statement said. Polygon made the beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) public last month.
However, statements from famous and authoritative names attract the attention of investors. Mitesh Agarwal, general manager of customer engineering and Web3 go-to-market at Google Cloud Asia Pacific, said in a statement, “Google Cloud is helping the industry reach escape velocity by refocusing our engineering efforts on areas such as improving data availability and increasing the flexibility and performance of scaling protocols such as zero-knowledge proofs.” drew attention to its importance. Popular altcoin project Polygon (MATIC) is trading at $1.02 and has an instant market cap of $9.4 billion.
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