Google Cloud And MultiversX Join Forces

Google Cloud, a leader in cloud computing, offers tools and services for businesses and developers. It presents solutions, like data storage and processing, machine learning and artificial intelligence.

In a strategic move to strengthen its presence in Web3, Google Cloud has partnered with MultiversX. This alliance was announced during the xDay Conference. Beniamin Mincu, the CEO of MultiversX, and Daniel Rood, the Head of Web3 EMEA at Google Cloud, expressed their commitment to Web3 advancement.

A defining moment for Web3.

Bridging big data, AI and blockchain.

To explore new use cases and push innovation forward.@googlecloud joins @xDay2023 as a Main Partner.

🎟️ https://t.co/Lc5dnVrmyG pic.twitter.com/GJsOgIKcEm
— MultiversX (@MultiversX) October 9, 2023

Daniel Rood discussed the potential for Web3 developers to grow and scale more rapidly. He emphasized that the partnership will help them expand, strengthen their strategy, and establish themselves as key innovators in blockchain.

Empowering Data-Centric Blockchain Projects

One significant outcome of this partnership is the integration of MultiversX blockchain data into BigQuery. This will help open new possibilities for leveraging big data in Web3 projects. This collaboration started at the xDay Hackathon, offering up to $78k in credits to winning projects in the artificial intelligence track.

The core goal of this partnership is to empower data-centric blockchain projects by simplifying access to crucial data, like addresses, smart contract interactions, transaction volumes, and enhanced on-chain analytics capabilities. This simplification paves the way for executing large-scale data-focused blockchain initiatives.

Furthermore, builders can now harness Google Cloud’s tools to introduce high performance and scalability to their decentralized applications’ non-blockchain components.

Google Cloud becomes the foundational layer of the MultiversX infrastructure, simplifying technology stack and streamlining the deployment of blockchain projects.

Seizing the tech moment and pushing it forward, on multiple fronts.

By joining forces with companies that have achieved massive scalability.

That significant moment is here.@beniaminmincu & @daniel_rood introduced new #MultiversX and @googlecloud strategic partnership. pic.twitter.com/3OBi2ERlRX
— MultiversX (@MultiversX) October 20, 2023

About MultiversX

MultiversX, formerly Elrond (EGD), unites various financial technology firms, decentralized finance projects, and the internet of things. This project is dedicated to delivering lightning-fast transactions through sharding.

MultiversX boasts the crypto world’s fastest and most cost-effective transactions. It cab handle 15,000 transactions per second at a fraction of a cent. The blockchain network has 3,200 validators and a record of over 303 million transactions.

It recently had a 3 day conference on blockchain, fintech, AI and metaverse, known as xDay, in Budapest, Romania. After the announcement of the partnership during this event, the value of MultiversX’s native token, EGLD, increased by about 10%.