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Google says not trying to be part of crypto wave, but is building backend services for Web3 blockchain devs

Google says not trying to be part of crypto wave, but is building backend services for Web3 blockchain devs

Developers who are working towards bringing Web3 to the mainstream definitely need support from Google, which owns a major part of the internet and owns Android.

Story highlights
  • Google is working to build a backend team for Web3 developers.
  • Google said it is not getting involved directly with cryptocurrencies.
  • Google Cloud wants to be the first choice of Web3 developers.

Over the past few years, a huge interest has emerged in cryptocurrency. Not just the holders, but major tech companies are leaving no stone unturned to capitalise on this wave. Google jumped on the bandwagon in January when it announced that a Digital Assets Team would allow Google Cloud customers to exchange cryptocurrency. To expand its efforts, it is now planning to facilitate developers that work on blockchain. Google is putting together a team to build backend services for these developers that are putting efforts into bringing Web3 to the mainstream.

But Google is not dabbling in cryptocurrency as a platform. "We're not trying to be part of that cryptocurrency wave directly," Google Cloud vice president Amit Zavery told CNBC. "We're providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises," he added.

Web3 is the upcoming era of the web that works on blockchain to bring a decentralised system where there will not be a major player. Developers who are working towards bringing Web3 to the mainstream definitely need support from Google, which owns a major part of the internet and owns Android, the dominant mobile operating system in the world. Zavery reportedly told staff in an email that the Web3 market is "already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and crypto related technologies."

The backend support team will comprise employees already working on Web3 projects either with Google or on their own. This team will make sure Google becomes a major hub of information on blockchain data that other companies will be able to use. Zavery said that Google's tools for blockchain backend services will be compatible with services such as Amazon Web Services.

Google's plan for Web3 and its developers seems rosy, but it discords with the core idea of Web3, which is a decentralised internet for everyone. In other words, it is an era where the internet is not ruled by Google, Amazon, or Meta. There cannot be a company holding power in this era, but that said, developers need a platform to host their apps. It can be one of the operating systems that are popular. There are not many of them. Just the two operating systems are currently popular, and Google wants developers to choose it and its Web3 tools preferably.