Google Cloud is extending a helping hand to Web3 creators so they can quickly track their projects by expanding its early-stage support program for the cryptocurrency community.
Up to $200,000
The Google for Startups Cloud Program initiative, which provides support for startups and emerging projects, will now be offered to creators in the Web3 industry to scale their projects faster and more securely, according to an update from the company itself.
Eligible projects, from pre-seed to Series A, will be able to apply for the program, which includes up to $200,000 in Google Cloud credits over two years, as well as other technical support.
Going strong on Web3
Google, a strong Web2 company, has moved aggressively into the Web3 world in recent years, helping developers leverage its technical expertise to build projects.
Earlier this month, the Celo Foundation announced that it is partnering with Google Cloud to offer workshops and cloud computing services to Web3 developers and founders building on Celo.
Last year, BNB Chain, the blockchain exchange, Binance, had announced that it had entered into a partnership with Google Cloud to support the development of early-stage Web3 and blockchain startups.
“Google Cloud has been working closely with Web3 companies for several years,” James Tromans, Head of Web3 Engineering at Google Cloud, told Coindesk and continued: “We are committed to supporting the growth of the Web3 ecosystem, and extending the Google for Startups Cloud Program to the Web3 community reinforces our goal of equipping blockchain developers with the tools they need to succeed.”
Additional benefits of the program
Other benefits of the program will include early access to Google Cloud’s Web3 products and training on the latest cloud-based technologies.
In addition, the program will give projects access to capital from a variety of partners, including a total of up to $3 million in investments from the Polygon Ventures Ecosystem Fund.
Eligible projects will also be eligible to receive a $1 million grant from each of the Google Cloud partners including Aptos, Celo, Flow, HBAR Foundation, Near and Solana Foundation.
“Extending the Google for Startups Cloud Program to Web3 means we’re giving startups the ability to rely on our fully managed, serverless platform and the resources and community to be successful without creating technical debt that slows down growth,” Tromans said.
Amazon in the game too
The move comes as Google Cloud’s leading competitor, Amazon Web Services (AWS), is stepping up its own efforts to increase its market share in the Web3 industry.
In January, Level-1 blockchain, Avalanche, advised that it was working with AWS to accelerate Web3 adoption, and a month later AWS posted that it was looking to hire Web3 staff for its cloud services.
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