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Google Cloud Unveils Web3 Portal for Blockchain Developers Amidst Mixed Industry Reception

Google Cloud has recently unveiled a Web3 portal tailored for blockchain developers, offering an array of resources ranging from datasets to tutorials on crafting nonfungible tokens (NFT).

Despite this move, the response from the cryptocurrency sphere has been a blend of enthusiasm and skepticism.

Unchained’s vice president of product marketing, Phil Geiger, expressed concern over the absence of native Bitcoin and lightning support, deeming it a crucial oversight.

In a post on X dated April 25, Geiger remarked, “No native Bitcoin and lightning support? Seems like an oversight to ignore the most important cryptocurrency.”

Similarly, a pseudonymous crypto trader, MartyParty, conveyed disappointment to his 80,700 X followers on April 26, asserting, “Not impressed Google is way behind.”

Contrastingly, some embraced the launch with optimism.

Ivaibi Festo, founder of Mitroplus labs, hailed the Web3 portal as a “comprehensive resource” in a post on X dated April 25.

The portal offers developers access to various products and provides testnet tokens for deploying and testing decentralized applications on Ethereum testnets Sepolia and Holesky.

Additionally, it hosts a learning program featuring tutorials on NFT development, Web3 loyalty program implementation, and securing digital assets through multi-party computation.

READ MORE: Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence

This initiative follows Google’s recent strides in the Web3 realm.

Notably, Google enhanced its capabilities to enable users to search wallet balances across multiple blockchains, including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom.

Moreover, Google revised its advertising policies at the outset of 2024, permitting certain crypto products to be promoted on major search engines, encompassing Bitcoin exchange-traded funds.

Preceding the portal’s launch this year, Google focused on forging partnerships to fortify its position in the Web3 landscape.

In October 2023, Google Cloud’s BigQuery data warehouse integrated with MultiversX, facilitating valuable insights for Web3 projects and users through advanced data analytics and AI tools.

In September 2023, Google’s BigQuery expanded its data warehouse to include 11 blockchain networks, encompassing Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, and Tron.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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