Google Cloud has recently launched its Web3 portal, providing resources for blockchain developers such as datasets and tutorials on creating non-fungible tokens (NFTs). The reception within the cryptocurrency industry has been mixed, with some expressing disappointment over the portal’s lack of native support for Bitcoin and Lightning Network. This led to criticism from some members of the community, including Phil Geiger from Unchained, who highlighted the absence of support for the most important cryptocurrency. Others, like MartyParty, also criticized Google for lagging behind in the industry.
Despite the criticisms, there were those who welcomed the launch of Google’s Web3 portal. Ivaibi Festo, the founder of Mitroplus labs, referred to it as a “comprehensive resource” in a post, indicating a positive perception of the platform. The portal offers developers access to various products, provides testnet tokens for deploying DApps on Ethereum testnets, and offers a learning program with tutorials on developing NFTs, implementing Web3 loyalty programs, and securing digital assets with multi-party computation (MPC). Google has been making strides in the Web3 industry with recent developments, including allowing users to search wallet balances across multiple blockchains.
Preparations for the Web3 portal launch began last year when Google Cloud integrated its BigQuery data warehouse with MultiversX, enabling Web3 projects and users to leverage powerful data analytics and artificial intelligence tools. In September 2023, Google’s BigQuery expanded its data warehouse to include 11 blockchain networks, enabling developers to access data from various platforms. The company has been proactive in combating fraudulent activities in the crypto space, recently filing a lawsuit against two individuals from China who utilized the Google Play store to deceive people into fake crypto investments. Google deactivated 87 fraudulent apps associated with the individuals over the past four years and seeks a permanent injunction and damages exceeding $75,000.
Google’s Web3 portal offers developers access to various products and resources, including datasets and tutorials on creating NFTs. While there has been mixed reception within the cryptocurrency industry, some members of the community have criticized the portal for its lack of native support for Bitcoin and Lightning Network. On the other hand, some have welcomed the launch of the Web3 portal, referring to it as a comprehensive resource. Google has been advancing in the Web3 industry with recent developments, including allowing users to search wallet balances across multiple blockchains and updating its advertising policies to allow certain crypto products to be advertised on major search engines.
Preparations for the Web3 portal launch began last year with Google Cloud integrating its BigQuery data warehouse with MultiversX, enabling Web3 projects to leverage data analytics and AI tools. In September 2023, Google expanded its data warehouse to include 11 blockchain networks. The company has also taken legal action against individuals involved in fraudulent crypto activities, deactivating 87 fraudulent apps and seeking damages exceeding $75,000. Google’s efforts to combat fraudulent activities in the crypto space reflect its commitment to maintaining platform safety and integrity while providing valuable resources to developers in the Web3 industry.
