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Google Cloud has teamed up with blockchain infrastructure firm MultiversX, signaling a significant move in the world of Web3 and the metaverse. This partnership is set to bolster Web3 capabilities by integrating Google Cloud’s BigQuery data warehouse with MultiversX’s innovative blockchain technology.
Streamlining Large-Scale Blockchain Projects
MultiversX foresees a streamlined execution of large-scale, data-centric blockchain projects as a direct outcome of this collaboration. The partnership aims to make data accessible for developers. Thus, offering valuable insights into addresses, transaction amounts, smart contract interactions, and enhanced on-chain analytics.
Leveraging Advanced Tools for Web3 Development
MultiversX anticipates that Google Cloud’s involvement will empower ecosystem builders to harness advanced tools and services, enhancing performance and scalability for decentralized applications beyond blockchain components. Daniel Rood, head of Web3 EMEA at Google Cloud, expressed his excitement about the collaboration, emphasizing its potential to accelerate Web3 development.
“There are exciting opportunities to enable Web3 developers to build and scale faster, and as we explore new verticals within the space, our partnership with MultiversX will allow us to expand our strategy and reach further, solidifying our position as one of the main innovation drivers in the blockchain world.”
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Expanding Web3 Beyond the Metaverse
MultiversX, formerly known as Elrond, has a history of partnering with mainstream brands to promote Web3 use cases in the traditional world. Notable partners include ICI D|Services, the first European institutional marketplace for digital assets, and Audi’s in-car virtual reality platform, Holoride, both of which have selected MultiversX as their platform of choice.
Enhanced Features and xWorlds Developer Kit
MultiversX has also announced an array of new scalable features for its decentralized digital asset wallet, xPortal. Users will soon be able to seamlessly manage both fiat and cryptocurrency transactions. By the beginning of 2024, xPortal users will gain access to peer-to-peer fiat payments, European IBANs, SEPA transfers, and SWIFT payments.
Moreover, the platform is launching the xWorlds Developer Kit, offering a range of tools for creators to build the next generation of augmented reality experiences by leveraging xPortal as a wallet and distribution hub. This kit also includes highly realistic artificial intelligence-powered 3D avatars.
In summary, Google Cloud’s collaboration with MultiversX marks a significant step toward advancing Web3 capabilities. Thus, benefiting developers and users within the Web3 ecosystem. This partnership holds great promise for the metaverse and the broader blockchain world.
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Please note that this article serves solely for informational purposes. As such, it is not financial advice. We strongly advise readers to conduct thorough research and consult with financial professionals before making any investment decisions.
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