Sitting still is not an option, then you will be overtaken. That is why Google is investing in a market with enormous potential and future.
Google is setting up a Web3 team within its cloud unit, noting that “it’s a market that already shows tremendous potential.” A Google executive explained: “We provide companies with technologies to use. And take advantage of the distributed nature of Web3 in their current businesses and enterprises.”
Google sees potential in this market
Even though web3 is still in its infancy, the company is investing a lot of money into it. Google’s cloud unit creates a team to build services for developers. They then build their own Web3 software and run blockchain applications, CNBC reported.
Amit Zavery, vice president and head of Google Cloud, told employees in an email Friday that the goal of the initiative is to make the Google Cloud platform the first choice for developers in the field. He wrote: Although the world is still early adopting Web3, it is a market that already shows enormous potential. With many customers asking us to increase our support for Web3 and crypto related technologies.
Future
Google sees web3 as the future and says the following about it. “We are not trying to be a part of the cryptocurrency wave directly. We provide businesses with technologies to use and take advantage of the distributed nature of Web3. This in their current companies and enterprises. †
The CEO of Google and its parent company, Alphabet Inc., Sundar Pichai, said in February that blockchain is “such an interesting and powerful technology with broad applications,” stressing: As a company, we are looking at how we can contribute to the ecosystem and add value. ”
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