Mo. Mai 20th, 2024

Google has made a deal with Tezos to become a block validator on the Tezos network. In exchange, Google Cloud will offer Tezos validation services via its platform.

Tezos is an open-source blockchain created to enable peer-to-peer transactions and serve as a platform to deploy smart contracts. It is very much focused on the infrastructure side of the crypto ecosphere. From that perspective it makes sense that Google – itself a key infrastructure pillar of Web 2.0 – would want to explore opportunities to build a presence in Web 3.0.

The Tezos cryptoasset tez (XTZ) is still way below its all-time highs set in October 2021. Its price spiked last week on the announcement but us trading back within its relative range. The partnership with Google is unlikely to move mountains in valuation terms in the short- to medium-term, but long-term suggests a positive direction of travel for the project with such illustrious partners in play.

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