Google Cloud and MultiversX Join Forces to Revolutionize Web3 Data Insights

Partnership Overview

In an exciting twist for the tech world, Google Cloud has teamed up with MultiversX, formerly known as Elrond, to amplify their presence in the world of Web3. This dynamic collaboration leverages Google Cloud’s BigQuery data warehouse to offer enhanced analytics tools that can transform the way Web3 projects operate.

Streamlined Data Access for Developers

MultiversX touts this partnership as a game-changer for blockchain developers. The integration promises to simplify the management of large-scale, data-centric blockchain ventures, allowing developers to quickly access crucial data such as:

• Wallet addresses
• Transaction amounts
• Smart contract interactions
• On-chain analytics

By harnessing the power of Google Cloud’s advanced data analytics capabilities, developers will now be able to make informed decisions and optimize their blockchain applications like never before!

Empowering Decentralized Applications

The alliance doesn’t just stop at data. Google Cloud’s infrastructure will empower developers within the MultiversX ecosystem, providing the tools needed to enhance performance and scalability for decentralized applications (dApps). Daniel Rood, the head of Web3 EMEA at Google Cloud, highlighted the partnership’s potential, saying it would open doors for Web3 creators to innovate and expand their projects more efficiently.

Insights from the Experts

“There are exciting opportunities to enable Web3 developers to build and scale faster,” Rood noted. This enthusiasm supports a broader strategy aimed at fortifying Google Cloud’s foothold in the rapidly evolving blockchain landscape.

Previous Success Stories

MultiversX is no stranger to the spotlight, having previously joined forces with leading companies like ICI D|Services, the first European institutional marketplace for digital assets, and Audi’s intriguing in-car virtual reality platform, Holoride. This track record positions MultiversX as a major player in making traditional industries embrace Web3.

Innovative Features of xPortal

Adding to the excitement, MultiversX recently unveiled scalable upgrades to its xPortal—a decentralized digital asset wallet and “SuperApp.” These enhancements will empower users to easily navigate both fiat currency and cryptocurrency transactions, making financial management a breeze. By early 2024, xPortal will offer:

• Peer-to-peer fiat payments
• European IBAN access
• SEPA and SWIFT transfers

The xWorlds Developer Kit

Moreover, the launch of the xWorlds Developer Kit introduces an innovative toolkit for creators, allowing them to craft immersive augmented reality experiences. This kit not only provides development tools but also includes lifelike AI-powered 3D avatars, further blurring the lines between digital and physical realities.

Looking Ahead

The collaboration between Google Cloud and MultiversX sets a new benchmark for what’s possible in the world of Web3. As they work together to innovate and provide valuable tools for developers, one thing is certain: the future of blockchain technology has never looked brighter!