Polygon Labs and Google Cloud have announced a multi-year strategic alliance focused on web3. Developers can use Google Cloud tools and infrastructure to ease the development process.
Polygon Labs and Google Cloud have announced a collaboration that will help accelerate growth across the network. The former published a post on April 27, revealing a multi-year strategic alliance that would “accelerate adoption of core Polygon protocols, including Polygon PoS, Polygon Supernets, and zkEVM.”
This will be achieved using Google Cloud infrastructure as well as developer tools.
Polygon Network Boost
The goal is to make it easier for developers to build and launch web3 products and dApps on the network. It’s a major development for the network that could result in some fruitful outcomes.
The collaboration can help developers tackle the problem of time-consuming processes as well as high overhead costs. Blockchain nodes often find themselves hamstrung by these issues, so it’s certainly a step in the right direction regarding development.
Polygon Labs also stated that eligible early-stage startups backed by Polygon Ventures can now tap into new web3-specific benefits through the Google for Startups Cloud Program. The benefits include up to $200,000 in credits for Google Cloud and Firebase usage for up to two years and early access to Google Cloud’s web3 products and roadmap.
President of Polygon Labs Ryan Wyatt said of the collaboration,
“Google Cloud supporting all of the Polygon protocols is a step in the right direction to help onboard more people into Web3. Today’s announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi. This will pave the way for even more businesses to embrace blockchain technology through Polygon.”
Google Cloud Launched Blockchain Node Engine in 2022
The post also makes mention of Google’s Blockchain Node Engine, which is a fully managed node hosting service. Google announced the Blockchain Node Engine last year, which is a service dedicated to web3 developers.
The service allows for more secure and streamlined web3 development. It is also a sign that Google is attempting to broaden its services and cater to an ever-expanding market.
First Mutual Fund on Blockchain Tech
Polygon has been hitting many development milestones as of late. Franklin Templeton revealed that it had registered a mutual fund that runs on the network — the first to run on blockchain technology. The financial giant noted that it saw operational efficiencies using these systems.
The network also integrated a proof-of-stake bridge to its zero-knowledge Ethereum Virtual Machine (zkEVM) recently. The bridge enhances Polygon’s DeFi ecosystem, which was already on a strong growth trajectory.
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