Google Cloud has launched a new Web3 hub featuring tools for blockchain creators, comprising data collections and guides for developing non-fungible tokens (NFTs). Nonetheless, reactions from the crypto sector have been varied.
“Omitting built-in Bitcoin and Lightning functionality appears to be a significant lapse, given that we’re talking about the foremost digital currency,” Phil Geiger, the vice president responsible for product marketing at Unchained, expressed in a post dated April 25.
“Crypto trader MartyParty, who uses a pseudonym, expressed his lack of enthusiasm by stating that Google has fallen significantly behind. He shared this sentiment with his 80,700 followers on Twitter on April 26.”
At the same time, some were open to the idea of the new launch. The founder of Mitroplus labs, Ivaibi Festo, referred to the Web3 portal as an extensive and valuable tool in a post dated April 25th on platform X.
The website indicates that developers have the opportunity to utilize various products and obtain tokens for testnets, which they can use to launch and trial their decentralized applications on the Ethereum test network environments Sepolia and Holesky.
The program additionally offers educational content, which includes guides on how to create an NFT, deploy loyalty schemes using Web3 technology, and protect online assets through the use of multi-party computation techniques.
Following a series of recent advancements by Google within the Web3 sector.
Google has recently updated its capabilities, providing users the ability to examine their wallet balances on a variety of blockchains, including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom.
As 2024 commenced, Google revised its regulations to permit the advertising of select cryptocurrency offerings on leading search engines, such as those for Bitcoin exchange-traded funds.
In 2023, it seemed Google was emphasizing the creation of alliances as it geared up for the debut of its portal later in the year.
In October 2023, MultiversX became part of Google Cloud’s BigQuery data warehouse system, providing Web3 initiatives and consumers access to advanced data analytics and AI features that are part of the Google Cloud suite, aiming to extract meaningful information and enhance decision-making.
In September 2023, a month prior to this event, Google’s data warehouse service, BigQuery, expanded its offerings to include data analysis functionalities for an additional 11 blockchain networks.
The recently added networks consisted of Avalanche, Arbitrum, Cronos, the Görli testnet from Ethereum, Fantom, Near, Optimism, Polkadot, Polygon’s primary network, Polygon’s Mumbai testnet, and Tron.
