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Google to help Web 3.0 startups grow.
Cryptodetective > Blog > News > Google to help Web 3.0 startups grow.
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Google to help Web 3.0 startups grow.

crypto
Last updated: 2023/05/03 at 12:40 PM
crypto Published May 3, 2023
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# Google Cloud Offers Financial Help to Web 3 Developers

In recent years, the financial world witnessed the first wave of institutional adoption for cryptocurrencies. However, the crypto market is still considered tiny relative to other asset classes. Taking advantage of the growing crypto industry, Google has announced a program to financially assist Web 3-developers who use the Google Cloud platform.

## What are Google Cloud credits?

Google announced that Web 3.0 startups could qualify for “Google Cloud credits” to help them cut the costs of their Google Cloud subscription. Google Cloud is a platform that enables businesses to rent servers on a monthly basis without the need to purchase expensive hardware. Since Web 3.0 companies are the next generation of software developments, they often require Google Cloud services as much as non-blockchain-related software companies.

- Advertisement -

Eligible startups can receive up to $200,000 worth of Google Cloud credits over two years. Participants in the program can also benefit from early access to Google Cloud’s Web 3 products and products’ roadmap. Apart from that, there are extra training opportunities, access to a private Discord channel where there are Google engineers, large companies partnering with Google, and other startups in the program.

## The Intersection of Google and Blockchain

This is not the first time Google is showing interest in blockchain technology and the crypto industry. Earlier this year, the tech giant announced a partnership with Tezos, Solana, and Binance Chain. Google Cloud has also been involved in various projects related to these blockchain protocols.

As the industry progresses, prominent figures such as Jack Dorsey, the founder of Twitter, has begun to shift his focus to “Web 5.0,” a more decentralized version of Web 3.0 that will offer greater privacy protection.

## Conclusion

- Advertisement -

As Web 3.0 adoption continues to grow, software companies that focus on blockchain technology need more computing power to sustain their products’ demands. Google Cloud is one of the most efficient platforms that can provide the necessary infrastructure required by these startups. By offering financial incentives to these companies, Google makes it possible for more Web 3.0 companies to access its Cloud services.

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