Barring unheard circumstances, Google Cloud has strongly supported blockchain and Web3 innovations by pledging a $10 million investment in BNB Chain’s accelerator program.

Those funds will go to the BNB Chain’s Most Valuable Builder (MVB) program, which aims to encourage dapp development on the network. MVB is heading into its eighth season and is a four-week boot camp for developers, founders, and builders looking to take projects forward on the BNB Chain.

Google Cloud backs BNB Chain’s Web3 and AI projects

In a statement, BNB Chain said this partnership enables the start-up to access the Google Cloud Web3 Startups Programme, where promising blockchain projects receive the necessary fundamental support. 

With up to 40 projects over the next two years, Google Cloud will be able to contribute by opening access to cloud credit, technical support, and advice as the participants build and scale up their solutions. Especially projects categorized under artificial intelligence will be granted up to $350,000 Google Cloud credit, while web3 projects will be granted $200,000.

The MVB program is supported by Binance’s venture capital and incubation division, Binance Labs, and CoinMarketCap, an important underground accelerator, CMC Labs. Google Cloud’s investment indicates the tech giants’ increasing interest in decentralized finance or DeFi, metaverse use cases, blockchain-based games, and collectibles, including NFTs.

In recent years, Google Cloud has not only expanded its support for blockchain platforms and crypto projects; it recently partnered with MANTRA Chain, Flare, and Sui. This year, in early October, Cronos (CRO) sky-rocketed in value after signing a partnership with Google Cloud, which involved the latter turning into a validator, increasing developers’ interest, and offering cloud solutions to start-ups within Cronos’ network.

Such strategies reflect Google Cloud’s devotion to developing decentralized apps, enhancing Web3, and sharing fresh insights into new solutions in AI, gaming, and blockchain. Thus, Google Cloud entrusting its distributed ecosystem collaboration to BNB Chain is placing itself at the epicenter of the rapidly evolving decentralized world.

Source : Blockchain News - Nov 13, 2024