Google Cloud Web3 Portal: A Comprehensive Review for Crypto Enthusiasts ๐
Google Cloud recently unveiled its highly anticipated Web3 portal, providing valuable resources for blockchain developers, including datasets and tutorials on creating non-fungible tokens (NFTs). The launch of this portal has sparked various reactions within the cryptocurrency community, with some expressing disappointment and others welcoming the initiative.
Mixed Reactions to Googleโs Web3 Portal ๐ค
- Some members of the crypto community criticized the portal for its lack of native support for Bitcoin and Lightning Network.
- Phil Geiger, VP of Product Marketing at Unchained, highlighted the absence of support for Bitcoin, a significant cryptocurrency.
- A pseudonymous trader, MartyParty, criticized Google for lagging behind in the industry.
Warm Reception for Googleโs Web3 Portal ๐
On the other hand, there were those who enthusiastically welcomed the launch of Googleโs Web3 portal. Ivaibi Festo, the founder of Mitroplus labs, described it as a comprehensive resource, indicating a positive perception of the platform.
- The Web3 portal offers developers access to various products and provides testnet tokens for deploying and testing DApps on Ethereum testnets.
- Additionally, the platform offers a learning program with tutorials on developing NFTs, implementing Web3 loyalty programs, and securing digital assets with MPC.
Googleโs Preparations and Recent Developments in Web3 Industry ๐
Google initiated preparations for the Web3 portal launch last year by integrating its BigQuery data warehouse with MultiversX. This integration allowed Web3 projects and users to leverage data analytics and AI tools within the Google Cloud ecosystem.
- In September 2023, Googleโs BigQuery expanded its data warehouse to include 11 blockchain networks, such as Avalanche, Arbitrum, Ethereumโs Gรถrli testnet, and more.
- Google also updated its advertising policies in 2024 to allow certain crypto products, like Bitcoin ETFs, to be advertised on major search engines.
Legal Actions and Compliance Efforts by Google in the Crypto Space โ๏ธ
Earlier this month, Google filed a lawsuit against individuals from China for using the Play store to deceive users into fake crypto investments. The company deactivated 87 fraudulent apps associated with the individuals over the past four years.
- The lawsuit aims to secure a permanent injunction against the defendants and seeks damages exceeding $75,000 for investigating breaches and ensuring platform safety.
Hot Take: Googleโs Web3 Portal โ A Step Towards Innovation or a Missed Opportunity? ๐ฅ
In conclusion, while Googleโs Web3 portal has generated mixed reactions within the crypto community, it represents a significant step towards embracing blockchain technology and providing valuable resources for developers. As Google continues to evolve its offerings in the Web3 space, it will be interesting to see how the platform adapts to address the concerns raised by critics and further drive innovation in the industry.
Sources: Google Cloud News
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