Google Cloud's Web3 portal launch sparks crypto debate

Google Cloud recently launched a Web3 portal with testnet tools, blockchain datasets, and learning resources for developers, and the crypto industry has had mixed reactions.

Google Cloud has launched a new Web3 portal that provides resources for blockchain developers, including datasets and tutorials on creating non-fungible tokens (NFTs). However, the response within the cryptocurrency industry has been mixed.

“No native Bitcoin and Lightning support? This seems like an oversight that ignores the most important cryptocurrency,” Phil Geiger, vice president of product marketing at Unchained, said in an April 25 X post. ”

On April 26, anonymous cryptocurrency trader MartyParty told his 80,700 X followers: “Google is far behind and I don’t care about that. ”

Meanwhile, others have been more receptive to the launch. Ivaibi Festo, founder of Mitroplus Labs, described the Web3 Portal as a “comprehensive resource” in an April 25 article on X.

According to its website, developers can access a range of products and receive testnet tokens to deploy and test their decentralized applications (DApps) on Ethereum testnets Sepolia and Holesky.

It also has a learning program with tutorials on developing NFTs, implementing a Web3 loyalty program, and how to secure digital assets through multi-party computation (MPC).

The announcement follows some recent advances by Google in the Web3 industry.

Recently, Google expanded its capabilities to allow users to search for wallet balances across multiple blockchains, such as Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom.

In early 2024, Google updated its policies to allow certain crypto products to be advertised on major search engines, including Bitcoin exchange-traded funds (ETFs).

Last year, Google seemed focused on building partnerships in preparation for the launch of the portal this year.

In October 2023, Google Cloud’s BigQuery data warehouse integrated with MultiversX, which will help Web3 projects and users gain valuable insights from powerful data analysis and AI tools within the Google Cloud ecosystem.

Just a month ago, in September 2023, Google’s BigQuery added 11 The new networks include Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, and Tron.