Search engine giant Google is working with Canadian blockchain studio Dapper Labs to help develop new Web3 products and services, including the very popular non-fungible token (NFT) marketplace. ..
As part of the deal, Google Cloud will act as a network operator for the Dapper Labs Flow blockchain, a scalable infrastructure that powers the entire ecosystem of NFTs, games and apps, according to Forbes. Janet Kennedy, vice president of Google Cloud North America, said the multi-year partnership will allow Dapper to expand its operations through Google’s scalable and secure infrastructure.
Google has also added an incentive for Flow developers to facilitate software integration and choose Google Cloud over competitors such as Amazon Web Services.
Roham Gharegozlou, CEO of Dapper Labs, confirmed the partnership by welcoming Google to the Flow blockchain early Tuesday.
Amplified to welcome Google to @flow_blockchain
-2.2 million unique wallets, less than half from @ nbatopshot-248 mainnet contracts (see @flowverse_)-18.5M blocks and 49.7M transmissions
Currently, over 3000 new developers are being built and Google will jump onboard to help scale https://t.co/0QmEdvogXh
roham (@roham) September 14, 2021
The Dappers Flow blockchain supports some of the most popular NFT collections on the market, including the NBA Top Shot and CryptoKitties. By February of this year, the NBA Top Shot had generated $ 230 million in sales. According to Forbes, that number has almost tripled to $ 680 million.
Recognizing the long-term potential of NFTs, NBA legends Michael Jordan and Kevin Durant joined other investors earlier this year to fund Dappers with $ 305 million. .. At that time, the company was valued at $ 2.6 billion.
Related: NFT space is an exciting challenge to stay competitive, says Sean Kelly.
In less than a year, NFTs have grown from a small, vague corner of the crypto industry into a multi-billion dollar market. According to industry data, August was a record month for the NFT market, with 30-day sales of more than $ 2 billion.
On the business side, several NFT-focused companies have completed important funding rounds this year. As Cointelegraph reported, NFT company Recur recently closed a $ 50 million Series A backed by billionaire Steve Cohens family office, with a total valuation of $ 333 million.
Google didn’t immediately respond to the request for comment.
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