Cronos Labs Initiates Quest for Participants in $100M Accelerator Program for Blockchain Developers
U.S. Senator Lummis and Crypto Advocates Call for Dismissal of SEC's Lawsuit Against Coinbase
Coinbase's Highly Anticipated New Core Blockchain Attracts Modest $10M Inflows Upon Launch
Google Cloud aims to assist Web3 creators in accelerating their projects by expanding its early-stage support program dedicated to the community.
On Tuesday, a press release announced that the "Google for Startups Cloud Program" initiative will extend its support to builders in the Web3 industry to accelerate the growth of their projects with increased security. The program is open to eligible projects ranging from pre-seed to Series A, and offers a range of benefits including up to $200,000 in Google Cloud credits over two years, as well as technical support.
As a major player in the Web2 space, Google has been making significant strides towards the Web3 arena in recent years, offering its technical prowess to help developers create innovative projects. In an exciting announcement earlier this month, the Celo Foundation revealed its partnership with Google Cloud to provide essential cloud computing services and workshops to founders and developers building on the Celo platform in the Web3 space. This collaboration represents a significant step forward in Google's efforts to support the Web3 community and facilitate the growth of decentralized applications.
In the previous year, BNB Chain, a blockchain platform closely associated with the cryptocurrency exchange Binance, announced its collaboration with Google Cloud to foster the development of early-stage Web3 and blockchain startups. This partnership provides valuable resources and support to startups in the Web3 industry, facilitating their growth and advancement.
“Google Cloud has been working closely with Web3 companies for several years,” James Tromans, head of Web3 engineering at Google Cloud, told CoinDesk in an emailed statement. “We are committed to supporting the growth of the Web3 ecosystem, and the expansion of the Google for Startups Cloud Program to the Web3 community reinforces our goal of equipping blockchain developers with the tools they need to succeed.”
According to the press release, additional advantages of the program will entail gaining early access to Google Cloud's Web3 offerings and receiving instruction on cutting-edge cloud-based technologies.
As per the press release, the program will provide project participants with access to funding from diverse partners, which comprises a potential investment of up to $3 million from the Polygon Ventures Ecosystem Fund. Additionally, qualifying projects may be eligible to receive a grant of $1 million from each of Google Cloud's foundational partners, namely Aptos, Celo, Flow, HBAR Foundation, and the Near and Solana foundations.
“The expansion of the Google for Startups Cloud Program for Web3 means giving startups the ability to build on our fully managed, serverless platform, as well as the resources and community to be successful without creating technical debt that slows them down,” Tromans said in the statement.
As Amazon Web Services (AWS) intensifies its efforts to expand its market share in the Web3 industry, Google Cloud has announced its own move to compete. In January, Ava Labs, a layer 1 blockchain, revealed a partnership with AWS aimed at boosting Web3 adoption. One month later, AWS announced its plans to recruit Web3 personnel for its cloud services.
