MultiversX and Google Cloud Join Forces to Drive Web3 and AI Integration October 20, 2023 October 20, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 20, 2023 by Kelly Cromley

MultiversX and Google Cloud Join Forces to Drive Web3 and AI Integration

In a significant development in the world of blockchain technology, Layer-1 smart contract platform MultiversX has forged a strategic alliance with Google Cloud, one of the tech industry’s giants. The collaboration between these two industry leaders is set to revolutionize the landscape of blockchain-powered tools and Web3 solutions, with a particular focus on harnessing the potential of emerging AI technologies.

The formal announcement of this partnership took place at the xDay Conference, where MultiversX’s CEO, Beniamin Mincu, and Google Cloud’s Head of Web3 EMEA, Daniel Rood, shared the stage to reveal their joint endeavor.

A Strategic Partnership to Shape the Future of Blockchain-Powered Tools

A pivotal component of this collaboration is the integration of MultiversX with Google Cloud’s serverless data warehouse, which boasts a built-in query engine. This integration has the potential to streamline the execution of large-scale blockchain projects, particularly those with a data-first approach. It’s a move that promises efficiency and scalability in the realm of blockchain technology.

Daniel Rood, Head of Web3 EMEA at Google Cloud, expressed his enthusiasm for the partnership, emphasizing the opportunities it presents for Web3 developers. He highlighted the goal of empowering developers to build and scale more rapidly while exploring new dimensions within the blockchain space. The partnership with MultiversX, he noted, is a pivotal step in expanding their strategic footprint and solidifying their position as a key innovator in the blockchain industry.

The primary objective of this collaboration is to provide ecosystem builders with access to the comprehensive suite of advanced tools and services offered by MultiversX. This access will empower them to enhance the performance and scalability of non-blockchain components in their decentralized applications (dApps).

The focus on ecosystem development is evident in the collaboration’s inaugural initiative at the xDay Hackathon. This event, which drew the participation of hundreds of developers and start-ups, offers substantial incentives, with up to $1 million in prizes and funding. Google Cloud played a central role as the primary partner for the Artificial Intelligence track.

Beniamin Mincu, the founder of MultiversX, expressed his excitement about the collaboration’s potential to expand their ecosystem and create significant opportunities for users and developers. He noted the unique position that MultiversX occupies, with considerable potential for accelerated growth, and highlighted the valuable contributions brought by Google Cloud’s products and services.

In conclusion, the partnership between MultiversX and Google Cloud represents a pivotal moment in the evolution of blockchain technology. By combining their expertise and resources, they are poised to drive the development of blockchain-powered tools and Web3 solutions, with a particular emphasis on integrating emerging AI technologies. This collaboration holds the promise of unlocking new horizons and opportunities in the world of blockchain, benefiting both developers and end-users alike. As the digital landscape continues to evolve, partnerships like this one demonstrate the power of industry leaders coming together to shape the future.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.