Categories: Market

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.

We invite you to join our Telegram for faster news: https://t.me/coincunews

Annie

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions

While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…

3 hours ago

Dogecoin Price Forecast: Analysts Push For $0.2288 DOGE While This Ethereum Altcoin Eyes 8,000% Gains In The Next 16 Days

Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…

3 hours ago

Below $1 Swift Altcoin Competitor Could Overshadow XRP Price Potential Election Rally 

Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…

3 hours ago

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Campinas, Brazil, 5th November 2024, Chainwire

4 hours ago

Terra Shuttle Bridge Has Now Been Disabled

Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…

5 hours ago

FLOKI Announces Dubai Takeover with WAFI Mall Campaign

Miami, Florida, 5th November 2024, Chainwire

6 hours ago

This website uses cookies.