Google platform giant Google Cloud has teamed up with Dapper Labs, the company behind popular non-fungible tokens (NFTs) like Cryptokitties and NBA Top Shot.
The partnership is designed to support and scale Dapper’s Flow (FLOW) blockchain, Forbes reported.
FLOW, ranked 85th by market cap, soared on the announcement and broke above $ 24 before correcting back below $ 23. At 14:42 UTC it is trading at $ 22.71 and is up 20% in one day, reducing its weekly loss to 12%.
The partnership will span many years, with Google Cloud acting as the network operator – it will provide its infrastructure to help Flow scale, the report said.
Flow currently supports a number of applications including the popular NFT collections mentioned above. But the deal will allow “more than 2,000 Flow-based developers to connect to Flow access nodes with lower latency using Google’s cloud services,” the report said.
The new blockchain-based implementation will run on a network of computers of all kinds around the world – as opposed to the centralized servers of Amazon Web Services.
According to the report, this latest move puts Google behind a tipping point in Amazon’s armament in its transition to Web 3.0 by branding itself as a developer-friendly alternative.
Google Cloud Services doesn’t offer cryptocurrency mining, but Janet Kennedy, vice president of Google Cloud North America, is quoted as saying that developers can choose the regions they operate in based on the region’s energy usage.
In September 2019, Dapper Labs announced the launch of Flow for 2020, “as a solution to the problem of blockchain scalability for consumer applications such as games and collectibles.” Digital, “which aims to enable decentralized applications on a large scale.
Warner Music partnered with Dapper Labs through a strategic investment announced the same day, while Dapper Labs also partnered with Ubisoft, the company known for developing games like Far Cry, Just Dance and Assassin’s Creed. announced as Flow mentor.
Flow will be further strengthened, with game developer and publisher Animoca Brands being one of the first game companies to build on blockchain.
According to DappRadar, NBA Top Shot ranks eighth among the listed markets with a 7-day volume of $ 3.01 million, a decrease of almost 24%. At the top is Foundation with USD 3.03 million (-30%) and followed by AtomicMarket with USD 2.47 million (-19%).
NBA Top Shot had 35,561 trades and 112,891 sales in the past week.
The 24-hour trading volume is $ 343,340, up 15% at press time, while it has over 16,000 concurrent trades.
Among the flow projects, NBA Top Shot is at the top.
In the games segment, CryptoKitties is currently in 83rd place with 110 users in the last 24 hours and 254 transactions, an increase of 31% and 35% respectively. The volume for the period was $ 6,380, down more than 76%.
Last week there were 565 users (-37%), 1,570 transactions (-38%) and a volume of 164,310 USD (-98%).
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