Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively.
Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud has integrated MultiversX into its platform, offering support for Web 3.0 projects. Thus, users will be able to leverage robust data analytics and artificial intelligence tools within Google Cloud’s ecosystem.
The collaboration will facilitate the efficient execution of data-centric blockchain projects at scale. It aims to provide developers with easy access to data pertaining to addresses, transaction volumes, smart contract interactions, and expanded on-chain analytics capabilities. This strategic partnership holds the potential to streamline the development of large-scale, data-focused blockchain initiatives.
Conversely, Google Cloud’s integration with the MultiversX network will empower ecosystem builders to leverage the advanced tools and services provided by the platform. This would help in enhancing the performance and scalability of non-blockchain components within their decentralized applications (dApps). Speaking on the development, Daniel Rood, Head of Web3 EMEA at Google Cloud, added:
“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 reach further and solidify our position as one of the main innovation drivers in the blockchain world.”
About the MultiverseX Platform
MultiversX has established numerous partnerships with well-known brands, further bridging the gap between Web 3.0 and traditional realms. Prominent among these collaborations are ICI D|SERVICES, the first European institutional marketplace for digital assets, and Audi’s in-car virtual reality platform, holoride, both of which have chosen MultiversX as their preferred platform.
This blockchain infrastructure firm, with a focus on metaverse scalability, has also introduced an array of new features to enhance its decentralized digital asset wallet, xPortal SuperApp. These updates empower users to seamlessly manage both fiat and cryptocurrency. In the near future, xPortal users will gain access to peer-to-peer fiat payments, European IBANs, SEPA, and SWIFT by the beginning of 2024.
Additionally, MultiversX has unveiled the xWorlds Developer Kit, a comprehensive set of tools that creators can leverage to craft the next generation of augmented reality experiences. By utilizing xPortal as a wallet and distribution hub, developers can tap into these resources, which include highly realistic AI-powered 3D avatars.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.