Tezos price surges as Google Cloud becomes a Tezos validator

Tezos price surges as Google Cloud becomes a Tezos validator

By Charles Thuo - min read
  • Tezos blockchain has partnered with Google to drive Web3 innovation.
  • In the partnership, Tezos will onboard Google Cloud as a validator.
  • Google also partners with Ethereum, Flow, and Solana blockchains.

The price of Tezos (XTZ) is rising following a partnership between Tezos blockchain and search engine behemoth Google. At press time, the TXZ token was trading at $1.32 after surging by 6.32% in the past 24 hours.

The partnership between the search engine behemoth and the proof-of-stake blockchain will drive Web3 innovation on the Tezos blockchain. Tezos Foundation will onboard Google Cloud as a validator.

What it means for Google Cloud users

Following the agreement, Google Cloud users can build Web3 applications and deploy decentralized applications on the Tezos blockchain. They will be able to tap Tezos nodes to develop blockchain applications.

Tezos nodes, just like any other blockchain nodes, function as communication points that allow corporate users to confirm transactions, track the network’s history, as well as run the software needed for Web3 apps among other tasks.

Select startups incubated by Tezos will also have access to Google Cloud mentorship and credits.

The engineering director of Web3 at Google Cloud, James Tromans, commented on the partnership saying:

“At Google Cloud, we’re providing secure and reliable infrastructure for Web3 founders and developers to innovate and scale their applications. We look forward to bringing the dependability and scalability of Google Cloud to power Web3 applications on Tezos.”

Google recently integrated crypto payments on its Cloud services in a partnership with crypto exchange Coinbase. In the partnership, Coinbase is to allow Google Cloud users to settle their payments using digital currencies like Ether (ETH), Bitcoin (BTC), and other eight cryptocurrencies.