Nov 13, 2024
6thTrade
On Tuesday, Google Cloud announced new partnerships with two blockchain development firms: BNB Chain and ZetaChain. BNB Chain, Binance’s blockchain network, received a $10 million investment in Google Cloud credits to support its Most Valuable Builder (MVB) Program, while Google Cloud also agreed to serve as a validator for ZetaChain’s mainnet and testnet.
Google Cloud’s Growing Blockchain Interest
In separate announcements, Google Cloud revealed its involvement with BNB Chain and ZetaChain. BNB Chain, which aims to foster blockchain innovation through its MVB Program, will use the funding to support up to 40 projects, offering up to $350,000 in Google Cloud credits for AI-based applications and $200,000 for other Web3 projects over two years. Though Google Cloud won’t have a direct, active role in BNB Chain operations, the credits will enable smaller developers to advance Web3 and blockchain projects on the platform.
Meanwhile, ZetaChain has entered a more engaged partnership with Google Cloud. The cloud giant will serve as a validator for ZetaChain’s mainnet and testnet environments, with plans to delegate 1 million ZETA tokens across five Google validators. Despite this significant step, ZETA’s price dropped by 5.89% within the last 24 hours, underscoring market volatility even amid positive announcements.
A Signal for Blockchain Innovation
This dual move follows Google Cloud’s recent validator role with MANTRA in October and could indicate a more focused commitment to blockchain support. Richard Widmann, Google Cloud’s Head of Web3 Strategy, shared insights on the importance of the move, stating, “At Google Cloud, we’re committed to empowering developers with the tools and infrastructure they need to build the future of decentralized applications.” By naming dApp development and Web3 interoperability as long-term goals, Google Cloud is aligning itself with blockchain’s expanding tech sphere.
With $10 million in credits for BNB Chain’s MVB Program and a validation role for ZetaChain, Google Cloud is laying the groundwork for future blockchain advancements, driving innovation across multiple blockchain ecosystems.
