BNB Chain, a blockchain smart contract closely linked to the cryptocurrency exchange Binance, and Google Clouds, are collaborating to promote the growth of Web3 and Blockchain projects.
The news has been filtering in for a few days now, and it deals with a liaison that was also created to cope with Facebook/Meta’s move to increasingly develop the Web 3.0 ecosystem. The strategic collaboration involves offering basic infrastructure, cloud computing credits and mentoring to some Web3 and blockchain startups.
JUST IN: #BNB Chain has partnered with Google Cloud to boost web3 and blockchain technology projects.
— Watcher.Guru (@WatcherGuru) September 14, 2022
Watcher Guru announced the news five days ago on Twitter, triggering comments from the web that were excited about the good news as it enabled the development of new worlds that will be the basis of our future such as precisely Web3 and blockchain and their endless possibilities in every field.
The future of Web3: the great partnership between BNB Chain and Google Clouds
The project lays the groundwork to change things and aims to bring never-before-seen quality and highly reliable projects so that the masses will appreciate these new technologies and entice old and new investors to flow resources into the industry.
This collaboration between the two giants gives the ability to analyze on-chain data and encrypt information through Mountain View’s Cloud, which is an industry leader and a scalable, secure and open source infrastructure.
Gwendolyn Regina, director of investments at BNB Chain, said:
“Google Cloud is a great Web2 player and has really done a lot of Web3 stuff. It is important for us to work only with great players who have great visions and share the same DNA and the same visions.”
Letting out an enthusiasm that fits well with great beginnings.
Earlier this year, Google Cloud added its cryptocurrency mining malware threat detection service and launched its new team dedicated to digital assets giving a strong signal that it wants to integrate into this growing but still relatively young world.
BNB Chain, right now, has over 1,300 active dApps (decentralized apps) in its ecosystem and already calls itself the largest smart contract blockchain in terms of volume, smart transactions and users in Web3, giving the measure of its importance (also strategic) in the industry.
On its website, Binance explains that:
“The strategic collaboration will enable early-stage Web3 and blockchain startups to develop and scale high-performance, efficient and sustainable innovations for users and the entire industry.”
Then follows the tweet from CEO Changpeng Zhao, shared with the entire community just yesterday:
» BNB Chain and Google Cloud Work Together to Advance the Growth of Web3 and Blockchain Projects https://t.co/Hk87VMdq1n
— CZ 🔶 Binance (@cz_binance) September 18, 2022
The goals of the new collaboration
Google Cloud’s startup support program, which will facilitate access to both BNB’s Web3 Builders and Binance’s Most Valuable Builder counterparts, will initially be reserved for about 150 projects that will receive “accelerated access” as part of a BNB-focused accelerator program.
“We look forward to partnering with BNB Chain to provide Web3 builders with the cleanest cloud infrastructure on which to develop and scale their applications. This builds on our existing work to support our customers’ needs in the development, transaction, value retention and distribution of new products on blockchain-based platforms,”
said Web3 Google Clouds director James Tromans, who became the putative father of the partnership after the former City Groups executive was put in charge of the project in May.
He is echoed by BNB Chain investment division director Gwendolyn Regina, who adds.
“By partnering with Google Cloud, we can help Web3 builders access the open, secure, and carbon-neutral cloud infrastructure needed to strengthen and scale their businesses.”
However, it is not all sunshine. The community, which welcomed eagerly that two such giants are collaborating for a common purpose, has not spared criticism, like that of user Techoshi777 who, in response to the use of Google Clouds tweeted the following:
“I used Google Clouds to monitor blockchain activity and calculate Token distributions. It can be expensive but it’s worth it.”
The evolution of the Web3 world
Allowing for the assumption that there are still aspects to be improved in terms of cost, services and security, but that the path laid out is the right one.
In this regard, while Google is moving to develop the growth of Web3 and Blockchain projects, it is not standing still in terms of security.
To strengthen this important aspect of its blockchain network, Ronin has begun a new collaboration with Vietnam-based Sky Mavis, the creator of the Axie Infinity NFT ecosystem.
Axie Infinity, in case it needs to be explained, is none other than the most popular Play to Earn game boasting millions of players.
Clouds to date has offered tools for developers aimed at building blockchain networks, clients include Dapper Labs, Hedera and Thera Labs while an integration for on-chain data analysis had been done by developers with Polygon.
The world of Web3 and Blockchain are now making their way in large strides in the world of insiders but are also being perceived and understood more and more by ordinary people thanks to the important outreach work of small and large enthusiasts.
This willingness to open up to new worlds and opportunities that did not exist before is the basis of the collaboration discussed in this article and is evident in the hundreds of new projects being born every day.
NFT, Gaming, Crypto are all incubators of qualified people who with a clear Vision combine their skills and resources (both in terms of time, know-how and economics) to bring to light important results that are good for the community and lead us straight into a new future.
BNB Chain and Google Clouds are simply taking these enthusiasms and speeding up their process of creations by selecting the most interesting projects and putting at their service the skills of those who do this at a higher level because of their immense experience and capacity.