Tezos (XTZ) Rally On The Cards Now?

Google Crypto News: The Tezos blockchain team announced that Alphabet’s Google Cloud is now an official Tezos validator. This will essentially give Cloud customers access to the blockchain technology. This news sparked huge rise in interest in Tezos (XTZ) token. Hence, traders would be hoping for more bullish sentiment from the Google news for XTZ, a top 50 ranked coin by market cap.

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Tezos is a smart contracts based blockchain network with flexibility to upgrade without the need for hard forks. The Google Cloud Tezos validator is aimed at helping companies in building web 3.0 applications. Cloud had in recent times participated in a similar partnership about running the Solana validator to participate in the network. It was also aimed at helping developers deploy new products on blockchain-based platforms.

Google Mentorship To Developers On Tezos

A statement from the Tezos Foundation said the new partnership involves helping startups on the Tezos ecosystem. These projects will be eligible to receive free Google Cloud server space and mentorship, Mason Edwards, a Tezos Foundation executive was quoted as saying in a Fortune report. The support from Google would in the long run help in further adoption of the Tezos blockchain while also validating the use case for the XTZ token, which is used for transactions and smart contract execution on the network.

In recent sessions, the token had hidden bullish divergence, claimed The Gem Miner. Whether the Google partnership news will lead to further interest in the coin remains to be seen. As of writing, Tezos price stands at $1.29, up 5.30% in the last 24 hours, according to CoinGape price tracker.

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Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at [email protected]

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