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Cryptocurrency News Articles

ZetaChain and Google Cloud Join Forces to Supercharge Web3 Adoption

Nov 14, 2024 at 01:04 pm

Per the benefits detailed, it will also facilitate the development of applications that can operate across multiple blockchains.

Google Cloud has announced a partnership with the universal blockchain platform ZetaChain. This collaboration aims to accelerate the adoption of Web3.0 and enable the development of applications that can operate across multiple blockchains.

As part of the partnership, Google Cloud will serve as a validator for ZetaChain, focusing on securing and scaling a diverse ecosystem of validators on the Universal Blockchain.

This service will be available in both mainnet and testnet environments, allowing developers to leverage Google’s Web3 validator services and build on ZetaChain’s universal ecosystem of over 290 dApp partners.

Highlighting Google’s commitment to developers, Richard Widmann, Head of Web3 Strategy, Google Cloud, stated that Google is interested in providing tools to enable developers to build the future of Decentralized Applications (dApps).

Widmann emphasized Google Cloud’s infrastructure and validator capabilities, which will aid ZetaChain in expanding its Universal Blockchain and unlocking interoperability for Web3 developers.

In the partnership, ZetaChain will also provide Google Cloud with 1,000,000 ZETA tokens, which will be delegated to five validators operating on Google Cloud infrastructure.

To be considered for this delegation, these validators must also have a slot in the 10,000,000 ZETA Foundation Delegation Program.

Typically, news of a Google Cloud partnership would be expected to boost the price of ZetaChain’s native coin, ZETA.

However, the cryptocurrency has seen a slight decrease in the last 24 hours. At the time of writing, the ZETA price trades at $0.7606 after dropping by 5.62%.

Despite this decrease, the broader crypto market has seen a rebound recently, driven by Donald Trump’s victory in the 2024 United States election, which is boosting the market sentiment.

ThisGambas Pro Price performance suggests that ZETA is lagging behind other cryptocurrencies. At this rate, reaching a $1 mark might be difficult in the short term.

The token’s market cap has also seen a minimal change, but ZETA’s trading volume shows a different story.

This metric surged 25.1% within 24 hours, reaching 232.97 million. This outlook suggests that investors are still optimistic about the token’s future.

When the impact of the Google Cloud partnership becomes visible in the token, it may also pare off this long-standing deficit.

This Google Cloud-ZetaChain partnership comes only a month after Coinbase integrated the ZetaChain mainnet.

The trading platform onboarded ZetaChain as a default network in the exchange’s ecosystem to improve interoperability between Coinbase and other blockchains.

This integration also provides the exchange investors with institutional custody of ZETA, which is currently available to investors through Coinbase Prime.

In August, Coinbase included ZetaChain in its roadmap for subsequent listing. Following this integration, the value of ZetaChain Surged by 20%, indicating increased anticipation from investors at the time.

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Other articles published on Nov 15, 2024