The move demonstrates the growing importance that technology behemoths are placing on the blockchain, cryptocurrency, and Web3 projects.
Google announced Thursday the launch of a cloud-based node engine for Ethereum projects.
Google Cloud Blockchain Node Engine, according to the company, will be a “fully managed node-hosting service that can minimize the need for node operations,” which means Google will be responsible for monitoring node activity and restarting them during outages.
A node is a computer that runs blockchain software to validate and store transaction history on a blockchain network. Google will only support Ethereum nodes at the time of launch.
Google’s announcement demonstrates the growing importance that technology behemoths are placing on the blockchain, cryptocurrency, and Web3 projects. In its announcement, Google stated, “Blockchain is changing the way the world stores and moves information.”
Google Cloud and BNB Chain announced a partnership to support the growth of early-stage Web3 startups earlier this month, and Google Cloud and Coinbase announced a partnership to provide crypto payments for its cloud services in September.
Furthermore, Google announced in January that it was establishing a Digital Assets Team for Google Cloud, demonstrating its commitment to developing Web3 projects.