Google Cloud Debuts Web3 Portal for Blockchain Developers, Crypto Community Reacts
As the tech sector faces fierce competition, critical industrial players are exploring ways to assist the developers navigate the competitive market. On Thursday, the Google Cloud team released a groundbreaking Web3 portal from blockchain developers.
The newly launched Web3 portal will have data sets, testnet tools and necessary learning materials. The primary objective of the Web3 portal was to support developers who built on blockchain networks to create their projects effortlessly.
Google Cloud Launching Web3 Portal
The portal consists of various videos and tutorials to guide the developers on ways to create non-fungible tokens (NFTs). Following launching of the Web3 portal, the crypto community expressed mixed feelings.
On X, the vice president of product marketing at Unchained Phil Geiger complained that the new Web3 portal failed to support Bitcoin native token BTC or its lightning network. The official regretted that the Google Cloud team failed to consider integrating the most important digital assets.
In support of Geiger’s tweet, another crypto enthusiast expressed his disappointment with Google’s Web3 portal. On the contrary, some X users welcomed Google’s Web3 portal positively.
An X post from the founder of Mitroplus, Ivaibi Festo, labelled the newly launched Web3 portal as a comprehensive resource. A review of the Web3 portal demonstrated that developers will access a wide range of products and services, including testnet tokens, which play a critical role in testing the decentralized applications on Ethereum testnets Sepolia and Holesky.
Features of Google’s Web3 Portal
Besides offering developers a platform to build their blockchain projects, the Web3 portal will have free learning materials and tutorials. The learning resources consist of videos for creating NFTs and ways to implement Web3 loyalty programs.
Also, the developers will be equipped with fundamental skills in obtaining crypto assets through multi-party computation. The launching of the Web3 portal came months after Google demonstrated a growing interest in crypto and blockchain development.
In March, the Google team integrated Bitcoin wallet features to allow users to check their account balances across multiple blockchain networks. This development will enable the user to access the wallet balances on Bitcoin, Polygon, Avalanche, Arbitrum, Fantom and Optimism.
The search process requires the users to provide wallet addresses to check their balance. The Bitcoin wallet integrated aims at improving accessibility to on chain projects.
The integration of Bitcoin wallet balance on Google came months after the giant tech firm revised its policies. In a January 29 report, the Google team revealed plans to adopt crypto-friendly regulations to allow investors to promote their digital assets on its search engine.
Tech Companies Investing in Crypto Assets
The Google team will allow the asset managers to promote Bitcoin exchange-traded funds (ETFs). The adoption of crypto-friendly policies demonstrated Google’s commitment to pushing for the mainstream adoption of digital assets.
Reportedly, Google has been seeking for a strategic partnership to develop the Web3 portal. In October 2023, the Google team joined forces with MultiversX (formerly Elrond) to support the growth of the Web3 sector.
The partnership between Google and MultiversX enabled the integration of Google Cloud BigQuery data on the blockchain infrastructure, allowing developers to utilize data analytical tools and artificial intelligence (AI) technologies when creating their Web3 projects.
Despite Google’s commitment to promote the growth of Web3 technology, the tech company has taken decisive actions to address financial crimes on its platform. At the beginning of April, the Google team filed charges against two Chinese nationals, Yunfeng Sun and Hongnam Cheung, for promoting fake crypto investments in the Google marketplace.
In the court filing, the Google team confirmed the removal of around 87 applications related to the two Chinese individuals from 2022. The tech company added that most of Sun and Cheung’s deactivated apps had over 100,000 downloads.
A statement from Google general counsel Halimah DeLaine Prado revealed that the tech company will collaborate with law enforcers to mitigate fraudulent schemes. Prado vowed to remain at the forefront to convict bad players in the crypto sector.
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