Google Node Hosting Service. The company has become a Solana validator, reinforcing its commitment to blockchain and Web3 technology.
The company reported that in addition to running a node on this blockchain, it would integrate Solana into its Google Blockchain Node Engine node hosting service, developed for Web3 applications, in 2023.
Through this service, Google will enable Solana developers to host fully managed nodes to relay transactions, implement Smart Contracts, and much more. This way, the company will make it easier for Solana developers to manage their nodes. They launched the Blockchain Node Engine late last month, and until now, the only blockchain network supported by this service was Ethereum.
Google Solana
Google Cloud reported its partnership with Solana via its Twitter account, citing Solana founder Anatoly Yakovenko. The internet products and services company highlighted that it ran a network node on Solana to validate its transactions. Google intends to help Solana developers focus on innovating and scaling their Web3 applications rather than spending much time operating and monitoring nodes.
BigQuery
In addition to partnering with Solana, Google also reported that it would bring this blockchain network to its BigQuery service, used for massive data warehousing. Google stressed that the integration would help Solana developers quickly access historical data. In this way, Google will support the development of new Web3-focused applications and strengthen the blockchain ecosystem of this network.
Despite the performance and operational issues suffered by Solana, large enterprises continue to adopt its applications. In May, Meta Platforms, the leading social networking company, announced that it would integrate support for NFT collections from several blockchain networks, including Solana. Earlier this month, Instagram implemented new features to allow its creators to buy and sell NFT tokens from the platform. Likewise, Twitter is also using the Solana blockchain to offer NFT services to its users via its Magic Eden platform. Twitter has also integrated support for other non-fungible token marketplaces based on different blockchains.
The adoption of blockchain applications and networks by these giants has been positive for cryptocurrency technology. Companies like Google, Meta, and Twitter can help massify the blockchain ecosystem, driving millions of people worldwide to use and adopt this new technology. However, many people decry these alliances’ centralization, as they go against the principles of the crypto paradigm.
Crypto payments with Coinbase
In mid-October, Google signed an alliance with cryptocurrency exchange Coinbase, one of the most important companies in the industry. As a result of this alliance, Google revealed that crypto payments would soon arrive on its platform. Specifically, the company will use Coinbase’s services to enable crypto assets as payment options in its technology solutions. Adopting cryptocurrency payments on Google Cloud will improve the experience of the company’s customers and partners. At the same time, Google can increase the number of payment options it offers through its cloud services.
Google’s immersion in blockchain and Web3 technology has strengthened this year. The internet giant has become a validator of several blockchains, such as Theta Network, Ronin Network, and the DLT-based network Hedera Hashgraph. The internet company has even invested in major Web3 companies, such as Dapper Labs, Digital Currency Group, Fireblocks, and Voltage, making it the largest investor in Web3-linked projects this year.