Google is entering the NFT space through a partnership with Dapper Labs to support the blockchain flow
Search giant Google is partnering with Canadian blockchain studio Dapper Labs to help develop new Web 3 products and services, including the hugely popular NFT.
Under this agreement, Google Cloud will act as the network operator for Dapper Labs’ blockchain flow, the scaling infrastructure that powers the entire NFT ecosystem, games and applications. . Janet Kennedy, vice president of Google Cloud North America, said the multi-year partnership will help Dapper grow its operations through the “secure, scalable infrastructure” provided by Google.
Google has also made it easier for Flow developers to integrate with its software, one of the motivations for choosing Google Cloud over rivals like Amazon Web Services.
Roham Gharegozlou, CEO of Dapper Labs, has confirm Partnership yesterday on Twitter with Google’s Welcome to Blockchain Flow.
Flow currently supports some of the most popular NFT collections out there, including NBA Top Shot and CryptoKitties. By February of this year, NBA Top Shot had grossed $ 230 million, nearly tripling to $ 680 million.
The source: Forbes
NBA legends Michael Jordan and Kevin Durant recognized the long-term potential of NFT and, along with other investors, backed Dapper’s $ 305 million round of funding earlier this year, raising the company’s valuation to $ 2.6 billion .
In less than a year, the NFT has grown from a small and obscure corner of the crypto industry to a multi-billion dollar market. August was a record month for the NFT market with 30-day sales of over $ 2 billion, according to industry data.
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According to Cointelegraph