Google throws its support behind web3 with investment in blockchain startup

Digital
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Google Cloud has announced a strategic collaboration with BNB Chain. In joining forces, the two organisations will provide foundational infrastructure, cloud computing credits, mentorship and enhanced technical support to advance high-growth, early-stage web3 and blockchain projects.

Google Cloud has partnered with BNB Chain, which is the largest smart contract blockchain in terms of transaction volume and users in web3, to enable early-stage web3 and blockchain startups to develop and scale high-performance, efficient and sustainable innovations for users and the entire industry.

BNB Chain currently has more than 1,300 active decentralised applications (dApps) across multiple categories like decentralised finance (DeFi), metaverse, blockchain games and non-fungible tokens (NFTs) in its ecosystem.

What will the partnership achieve?

Startups leveraging BNB Chain’s highly competitive and functional blockchain infrastructure can now build on Google Cloud’s open, scalable, developer-friendly, secure and sustainable cloud infrastructure.

As part of the collaboration, BNB Chain will facilitate accelerated access to the Google for Startups Cloud Program for eligible web3 builders in its ecosystem, including those under the Most Valuable Builder (MVB) accelerator program.

Organised by BNB Chain and Binance Labs, the MVB accelerator program identifies developers and startups that need the right foundation to continue building and scaling cutting-edge web3 products and dApps for users. It provides these projects with funding, mentorship and community-driven support.

The Google for Startups Cloud Program provides Google Cloud credits each year for up to two years, and helps eligible early-stage startups to establish and grow their businesses. Google Cloud will also allow web3 builders who join the program to:

  • Connect with Google Cloud Startup Success team members and Google’s technical subject matter experts in data management, data analytics, artificial intelligence (AI), machine learning (ML), zero trust security and more
  • Participate in web3 developer workshops
  • Benefit from access to Google Cloud Skills Boost training and certification
  • Join Google Cloud’s global customer community group

Google Cloud and BNB Chain partnership – the view from Spike

The partnership between Google Cloud and BNB Chain clearly shows us that Google is throwing its support behind web3. After all, this latest investment into blockchain startups indicates that Google sees big potential in this area.

With Meta and Google now both investing heavily in the metaverse and web3, it may only be a matter of time until other big players in the tech sphere follow suit. If not, they may be left behind.