Is Google stepping towards the Web 3 space by this step amid the hype around crypto?

Web 3 space

The search engine giant and tech conglomerate may not want to stay behind the trend and hence enter the Web 3 space to cater to the demands of the current time

Looking at the expansion of digital decentralized space and its infrastructure growth, various giant companies across industries seek their ways and opportunities in the futuristic digital world. On Friday, the cloud unit of Google announced that it’s going to form an internal team that will solely focus on building the infrastructure and services for blockchain developers and the already running applications based on blockchain. This step of the tech giant came during a time that is seeing an explosion in the interest, activities, acceptance, and adoption of Web 3 and crypto tools from traditional economic sectors. 

As per the reports, Amit Zavery, Vice president of Google Cloud, told his team on Friday via an email to make the Cloud Platform of Google the first choice of developers in the whole Web 3 space. Google Cloud is the suite of the company’s cloud computing services upon which all the projects related to Google run upon. 

The email detailed that while the world is in its early stage towards embracing Web 3 completely, it is a market showcasing the tremendous potential and opportunities already, with many customers asking the tech giant to increase their support for these emerging Web 3 and Crypto-related tech. The team inside the company having an exclusive and sole focus on the development of Web 3 infrastructure shows the commitment of Google to join the evolution of innovation in the digital space. 

Zavery also said that the future moves of Google could require a regime that would simplify the accessibility of blockchain data and simplify the building and running process of nodes of transactions based on blockchain. As a result of these developments and takes of the company, there are assumptions regarding the new john postings that could appear on the internal Grow tool of Google. 

Google is not the new name and not only the big tech giant who is getting into the space and setting its views on the decentralized space’s and infrastructure’s future. Major players in the industry, such as Meta and Amazon, have already begun their operation towards entering into the digital space with involvement in the metaverse and NFT interest. However, the challenging part for the group of these big tech giants lies under the atmosphere of the space of Web 3 that they are entering, which is way different from the space in which they are used to operating. 

Source: https://www.thecoinrepublic.com/2022/05/07/is-google-stepping-towards-the-web-3-space-by-this-step-amid-the-hype-around-crypto/