Alphabet, the technology giant, has launched a Web3 startup program. The Web3 startup program introduced by Google Cloud will help Web3 startups build decentralized applications, Web3 tooling, service, and other Web3 to develop and scale faster. After successfully launching the Web3 startup program, Google Cloud has expanded to include numerous blockchain firms, including Solana, Thirdweb, Near, Nasen, Hedera, Alchemy, Aptos, and Polygon.
On launch day, the blockchain analytics firm Nansen signed an agreement with Google to become an official partner. According to on-website data, Nansen has more than 250 million wallet labels. The Chief Executive Officer and co-founder of Nansen, Alex Svanevik, said that the company’s partnership with Google Cloud has helped their platform offer real-time data that will fill the gaps in the cryptocurrency field.
Google Clouds has designed an extraordinary portfolio of two products for Web3 startups categorized based on their funding status. The budding companies still seeking funding can secure $2000 worth of Google credit, valid for two years. Additionally, the companies will exclusively be permitted to attend events hosted by Google, such as Paris Blockchain Week, Token2049 Singapore, and Consensus.
The facilities for the budding organization also include $200,000 for two years of Google Cloud and Firebase usage, $12,000 in Google Cloud Enhanced Support credits, and one year of a free Google Workspace Business plan. The other benefit for such companies would be getting up to $1 million in fiat currency or tokens from leading companies like Aptos, Solana, Near, etc. It is important to note that Polygon Venture offers around $3 million in funding to early-stage fund seekers.
Google Stock Price Movement
On April 26, 2023, trading session, the Class C stock of Google(Nasdaq: GOOG) lost 0.15% compared to the day before trading price and closed at $104.45. In the weekly trading session, Google stock gained 0.23% but lost 0.83% in the monthly trading session. The 52 weeks trading range is $123.26 and $83.45.
On February 23, 2023, TheCoinRepublic reported that tech leader Google and Tezos blockchain partnered to develop Web3 enabling Google Cloud to become a validator on the Tezos Network.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/04/27/google-cloud-launch-web3-startup-program-for-industry-betterment/