Google Cloud introduced a new Web3 portal, aiming to support blockchain developers in creating non-fungible tokens (NFTs) and decentralized applications (dApps). Google shows its attention and interest in the blockchain sector with this move. The portal offers a range of resources; on the platform, there are tutorials about creating NFTs and various datasets.

Despite the excitement surrounding the portal’s launch, some members of the crypto community expressed disappointment over its lack of native support for Bitcoin and Lightning Network. This omission is viewed as a significant oversight by Google, given Bitcoin’s prominence in the crypto market and its potential for innovation in the space.

On the other hand, some people liked the portal and labeled it as a ‘’comprehensive resource’’. It offers valuable tools and information on developing NFTs, implementing Web3 loyalty programs, and securing digital assets using multi-party computation (MPC). Also, it allows access to some products, like testnet tokens, for deploying dApps on Ethereum’s testnets. Google Cloud’s expansion into the Web3 space also includes features like the ability to search wallet balances across multiple blockchains and updated advertising policies allowing certain crypto products.

Google Cloud has been interested in the sector for a while. For instance, it partnered with MultiversX, which boasts the crypto world’s fastest and most cost-effective transactions. Furthermore, it revealed a joint engineering partnership with Polygon Labs to accelerate its growth. The launch of the new portal is another strategic movement of the company.

Google Cloud focuses on Web3.
Source: McKinsey & Company

Although there are some shortcomings on Google Cloud’s Web3 portal, the platform is very beneficial for NFT enthusiasts and blockchain developers. The company continues to highlight the effects and growth of blockchain technology.