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BNB Chain Collaborated with Google Cloud to Foster Web3 Growth
September 19, 2022
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BNB Chain partners with Google Cloud to build a fostering ground for web3 and blokchain projects.
BNB Chain and Google Cloud to help web3-based projects grow
BNB Chain confirmed that it had partnered with Google Cloud for the provision of cloud infrastructure for high growth Web3 projects. In a September 14 announcement they announced a collaboration to provide cloud computing services and enhanced technical support for early stage web3 and blockchain projects deployed on BNB Chain.
As a result of the partnership, over 1,300 decentralized applications (dApps) housed within BNB Chain that have product offerings ranging from decentralized finance (DeFi), metaverse, and blockchain games, to non-fungible tokens (NFTs) will have access to the foundational infrastructures required to build more ‘stable,’ ‘reliable.’ and ‘valuable’ products.
The blog post confirmed further that startups using BNB Chain blockchain can now engage Google Cloud services for on-demand analysis of on-chain data and real-time data encryption.
Eligible Web3 projects within BNB Chain’s Most Valuable Builder (MVB) accelerator program will get access to the Google for Startups Cloud Program through the partnership. Projects under the program get Google Cloud credits each year for up to two years.
Under the accelerator program, projects can interact with the team members from Google Cloud Startup Success and experts in Google’s technical subject matter, such as data analytics, artificial intelligence (AI), machine learning (ML), zero trust security, etc. In addition, they can also participate in Web3 developer workshops and benefit from Google Cloud Skills training and certification.
With the increased preference for blockchain-based projects to be powered by cloud services of centralized giants like Google and Amazon Web Services, it leaves much to be desired about the concept of decentralization upon which the blockchain technology is built.
Preference for centralized servers could be a result of the guarantee that they offer for a more optimal functionality for these web3 projects. The core principle of decentralization upon which the foundation of blockchain technology stands should mean over time ideally we will see the industry moves towards decentralized cloud storage services like Sia.
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Related News
Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options
October 2, 2023
This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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