In what could be a hint of major news, Google Cloud is ready for a collaboration with Solana (SOL). SOL’s price immediately went up thanks to Google’s announcement, with a roughly 10% increase in a matter of minutes.
SOL’s price stands at $37.68, up 14.09% in the past 24 hours, according to price tracking platform CoinMarketCap. The 10th-ranked crypto-currency is currently at a market cap of $13.81 billion. The blockchain team claims to have built the technology to enable scalable and user-friendly applications.
The Solana-Google Cloud Collaboration
Google Cloud said it is using a Solana block-producing validator to participate in and validate the network. Google Cloud is working with blockchain to bring Blockchain Node Engine to the blockchain next year, so it will be easy for anyone to launch a dedicated blockchain node in the cloud, it said. On the official Google Cloud Twitter, blockchain project co-founder Anatoly Yakovenko was tagged. The tweet reads,
“Hey Anatoly Yakovenko, Should we announce the big news to our followers?”
In other news, Google Cloud is indexing Solana data and bringing it to BigQuery next year to make it easier for the SOL developer ecosystem to access historical data. Last week, the tech giant announced the Google Cloud Node Blockchain Engine. The engine aims to help Web 3.0 developers build and deploy new products on blockchain-based platforms.
Efforts already underway
– DEGEN NEWS 🗞️ (@DegenerateNews) November 5, 2022
Meanwhile, Google seems to have already stepped up its efforts to make the SOL validator work. The Alphabet company is currently recruiting technical specialists for Solana. This role requires Web 3.0 specialists with experience in DeFi protocol models. The Google Blockchain Node Engine will initially support the Ethereum blockchain. Earlier this week, Instagram and Facebook have integrated support for Solana NFTs.
In the Instagram app, go to Settings, click Digital Collectibles & connect your Phantom wallet. The integration is rolling out to all users over the coming days, get ready to showcase your favorite NFTs! pic.twitter.com/H91C9khTmD
– Solana (@solana) November 2, 2022
The blockchain network depends on the permissionless aspect to provide solutions in decentralized finance (DeFi). The blockchain network was officially launched in March 2020. Its proof-of-story consensus makes it one of the promising projects to watch among the top cryptocurrencies.
This latest announcement adds to Google’s growing list of crypto-currency-related projects. In October 2022, the major tech company announced its partnership with Coinbase for crypto-currency payments for Google Cloud users. Starting in early 2023, Google Cloud users will have access to crypto-currency payments.