Google Cloud Unveils Web3 Portal: Mixed Reactions from Crypto Community
Google Cloud Launches Web3 Portal, Receives Mixed Reactions from Crypto Community
Google Cloud has recently unveiled its Web3 portal, a platform designed to provide resources for blockchain developers, including datasets and tutorials on creating non-fungible tokens (NFTs). While some members of the cryptocurrency industry have welcomed this initiative, others have expressed disappointment with the portal’s lack of native support for Bitcoin and the Lightning Network.
Phil Geiger, the vice president of product marketing at Unchained, criticized the portal for not including support for Bitcoin and Lightning Network, stating that it was an oversight to ignore the most important cryptocurrency. Similarly, a pseudonymous crypto trader named MartyParty shared his sentiment on Twitter, claiming that Google is lagging behind in the industry.
Despite the criticism, there were also those who welcomed the launch of Google’s Web3 portal. Ivaibi Festo, the founder of Mitroplus labs, referred to it as a comprehensive resource, indicating a positive perception of the platform.
The Web3 portal offers developers access to various products and provides testnet tokens for deploying and testing decentralized applications (DApps) on Ethereum testnets. Additionally, the platform offers a learning program with tutorials on developing NFTs, implementing Web3 loyalty programs, and securing digital assets with multi-party computation (MPC).
Google has been making strides in the Web3 industry with recent developments, including the ability to search wallet balances across multiple blockchains and updating its advertising policies to allow certain crypto products to be advertised on major search engines.
Preparations for the Web3 portal launch began last year when Google Cloud integrated its BigQuery data warehouse with MultiversX, enabling Web3 projects and users to leverage powerful data analytics and artificial intelligence tools within the Google Cloud ecosystem. Google also filed a lawsuit against two individuals from China for utilizing the Google Play store to deceive people into fake crypto investments.
Overall, Google’s Web3 portal has sparked a mix of reactions within the cryptocurrency community, with some praising its resources and others criticizing its lack of support for certain cryptocurrencies. As Google continues to make advancements in the Web3 industry, it remains to be seen how the platform will evolve and address the feedback from its users.
