- Google creates a new Web3 unit intending to spur the growth of the Web3 tech space
- An increase in NFT interest prompted Google to create a digital asset team
- The Google Cloud will provide a platform for companies to use technology
Google Cloud Computing Unit announced it has set plans to establish a new developers’ unit that is aimed at supporting Web3 developers in the blockchain space.
With the increase in demand for crypto, adoption of Web3 tools, and an actively growing ecosystem in the tech space across the world, the move seemed to be necessary.
This has become a battle of the US Tech giants we as Google seeks to compete with the likes of Microsoft Azure and Amazon’s AWS in the Cloud Computing stage.
This move will spur growth in the Web3 tech space and provide a platform for reliable services and applications that are Blockchain enabled and integrated.
Google to provide a platform for blockchain companies
With Google shifting its key revenue sources away from marketing and advertising in Cloud Computing, a new tech unit has been formed. The unit’s main objective is to spearhead the construction of the blockchain infrastructure.
The Vice President of Google Cloud, Amit Zavery, said that Google is not directly trying to be part of the cryptocurrency wave. Rather, the company seeks to provide a platform for other companies to use the technology.
The new Google Digital Assets unit plans to work directly with customers, paving the way for digital payments in cryptocurrencies. This, as shown by the Google Cloud unit, is a result of the increased demand for NFTs.
James Tromans, who has been working at Google since 2019, will lead the Google Digital Assets team in product development and engineering, with Amit Zavery taking over the supervisory role.
Why Invest in Web3, though?
Google joined the battle for a futuristic Blockchain integrated webspace, despite delays, creating platforms for traditional financial institutions and other industries to fasten Blockchain technology into the mainstream domains.
Because of the increase of interest in NFTs (non-fungible tokens), Google created a digital asset team through the Google Cloud Platform, bringing the Web3 unit to the forefront.
As for third-party tech applications, Google plans to develop software that will aid in the exploration of data in Blockchain technology.
The Tech Giant has also indicated that it will play host to the newly released blockchain software and applications. The blockchain-driven Web3 unit aims to revolutionize the cloud storage sector through decentralization.
Tech giant to position itself as Web 3 leader
This move will create employment for Web3 developers internally and externally through beneficiaries of the product.
Amit Zavery plans to make the Google Cloud Unit, the best choice for Web3 developers in the tech field and blockchain technology sector. Despite Google trailing Amazon and Microsoft in Cloud Computing, the company aims at creating a tech ecosystem whereby other companies will depend on Google Cloud Unit to make it easier for customers to explore blockchain data and simplify the building process of these Blockchain nodes.
The Google Cloud Unit is a web of Cloud Computing services that runs on the same design and infrastructural neural network as what Google uses internally, such as Gmail, Google Search Engine and YouTube.
