Google Cloud is currently working to become THE cloud provider for Web3 developers and apps, forming a team solely dedicated to Web3.
Web3 is the next major advancement of the web, and heavily relies on blockchain technology to enhance security, privacy, and decentralization. Google can clearly see the potential, forming a new team committed to supporting Web3 developers, according to CNBC.
Amit Zavery, a vice president at Google Cloud, sent an email to employees summarizing the company’s plans, it stated that while the world is still early in its adoption of Web3, it is a market that is already demonstrating immense potential with many consumers asking Google to intensify their support for Web3 and Crypto related technologies. In a statement to CNBC, Zavery elucidated that Google wasn’t intrigued to get on the cryptocurrency bandwagon specifically, but is more fascinated in supporting blockchain technologies. They are not trying to be part of that cryptocurrency universe directly. They are providing technologies for organizations to use and take advantage of the distributed nature of Web3 in their present businesses and enterprises.
Google currently holds the third place in the cloud market, behind AWS and Microsoft, although the company has a reputation for being in-demand among developers. Appealing to Web3 developers and establishing itself as their very first option could be Google’s ticket to soar its market share.