Quick take:
- Google Cloud is set to become a validator on the Tezos blockchain.
- The company will be joining video game developer Ubisoft and global consulting firm Deloitte among others.
- Google Cloud said it waive all transaction fees entitled to it.
Google Cloud has accelerated its web3 strategy after announcing a partnership with Tezos Foundation. The cloud computing service will now become part of Tezos blockchain’s validator network.
The Google subsidiary joins video game publisher Ubisoft, global consulting firm Deloitte and the California Department of Motor Vehicles among others, which have leveraged the Layer 1 proof-of-stake blockchain for various products and services.
According to the announcement, Google Cloud will waive all transaction fees it is eligible to receive. The partnership allows Google Cloud’s corporate clients to develop web3 applications on the Tezos blockchain.
In November, the company expanded its partnership with Aptos Labs as it announced an accelerator program. The company is also a node validator on Aptos.
Google Cloud also has its own blockchain node hosting service announced in October. The company also revealed that Ethereum Network would be the first blockchain supported by its Blockchain Node Engine.
The company is also running a web3 accelerator with another Layer 1 blockchain NEAR Protocol, announced in early October last year. Google Cloud’s roles include providing technical support for NEAR grant recipients.
Google Cloud’s latest announcement also comes just as its competitor Amazon Web Services is ramping up its web3 infrastructure support. AWS recently advertised a job seeking a senior Go-to-Marke specialist. The announcement also came less than a month after AWS tapped former Bybit Global Head of NFT Ian Holtz to spearhead its web3 strategy in Asia Pacific and Japan.
In a statement to Fortune on the company’s strategy amid the evolution of blockchain and decentralised technologies James Tromans, Web3 engineering director at Google Cloud said: “Google Cloud views the evolution of blockchain technology and decentralized networks today as analogous to the rise of open source technologies that led to the internet 10 to 15 years ago.”
“Just as open source developments were integral to the early days of the internet, blockchain is yielding innovation and value creation for consumers and businesses,” added Tromans.
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