Google Cloud Teams Up with MultiversX to Enhance Web 3 Presence
Google Cloud has partnered with blockchain infrastructure firm MultiversX (formerly Elrond) to strengthen its presence in the Web 3 space. By integrating MultiversX into its platform, Google Cloud aims to provide valuable insights to Web 3 projects and users through data analytics and artificial intelligence tools.
Streamlining Large-Scale Blockchain Projects
MultiversX believes that this collaboration has the potential to streamline the execution of large-scale blockchain projects that prioritize data. Developers will have easier access to data such as addresses, transaction amounts, smart contract interactions, and enhanced on-chain analytics.
Empowering Ecosystem Builders
On the other hand, Google Cloud’s involvement in the MultiversX network will empower ecosystem builders to leverage advanced tools and services for their decentralized applications’ non-blockchain components. This will enhance performance and scalability. Daniel Rood, Head of Web3 EMEA at Google Cloud, commented on the partnership:
“There are exciting opportunities to enable Web3 developers to build and scale faster, and as we explore new verticals within the space, our partnership with MultiversX will allow us to expand our strategy and solidify our position as a main innovation driver in the blockchain world.”
Past Partnerships and New Features
MultiversX has previously partnered with mainstream brands like ICI D|SERVICES and Audi’s holoride to promote Web 3 use cases in traditional industries. Additionally, MultiversX has introduced new scalable features for its decentralized digital asset wallet, xPortal SuperApp. These updates will enable users to handle both fiat and cryptocurrency easily.
The xWorlds Developer Kit
MultiversX has also launched the xWorlds Developer Kit, which provides creators with unique tools to build augmented reality experiences using xPortal as a wallet and distribution hub. The kit includes highly realistic AI-powered 3D avatars.
Hot Take: Strengthening Web 3 Innovation with Google Cloud and MultiversX
The partnership between Google Cloud and MultiversX is set to fuel innovation in the Web 3 space. By integrating MultiversX into its platform, Google Cloud will offer valuable insights and advanced tools to Web 3 projects and users. This collaboration has the potential to streamline large-scale blockchain projects and empower ecosystem builders. With past partnerships with mainstream brands and the introduction of new scalable features, MultiversX continues to drive Web 3 adoption in various industries. The launch of the xWorlds Developer Kit further showcases MultiversX’s commitment to enhancing augmented reality experiences. Overall, this partnership solidifies Google Cloud’s position as a leading innovator in the blockchain world.
Coinan Porter stands as a notable crypto analyst, accomplished researcher, and adept editor, carving a significant niche in the realm of cryptocurrency. As a skilled crypto analyst and researcher, Coinan’s insights delve deep into the intricacies of digital assets, resonating with a wide audience. His analytical prowess is complemented by his editorial finesse, allowing him to transform complex crypto information into digestible formats.