Google is collaborating with blockchain companies to strengthen its Web3 Startup initiative.
In Brief
Google Cloud has formed alliances with Aptos, Celo, Flow, among others, to provide up to $6 million in support. grants to web3 startups .
Web3 projects that have secured funding from pre-seed to Series A round are invited to apply for inclusion in this initiative.
Startups entering the program can receive up to $200,000 in Google Cloud Credits distributed over a two-year span.
Google has announced the extension of its Google Cloud Startup Initiative to welcome early-stage Web3 projects, partnering with Aptos, Celo, Flow, HBAR Foundation, Near, and Solana Foundation.
To bolster Web3 startups utilizing Google Cloud, these blockchain partners have committed $1 million each. Additionally, Web3 startups that haven't yet secured funding could access Google Cloud Credits of up to $2,000, while those with pre-seed to Series A funding may receive as much as $200,000 within a two-year duration.
Startups verified with funding can also tap into a potential funding pool of $3 million from the Polygon Ventures Ecosystem Fund, fast-tracked reviews for the Base Ecosystem Fund, introductions to teams from Coinbase Ventures, along with access to testnet Base Goerli ETH to assist in development, among other benefits.
Other unique advantages for eligible Web3 participants in this program encompass:
- A complimentary one-month subscription to Nansen Query, alongside a 20% discount on Nansen services and engagement fees for an additional year.
- Up to $10,000 in credits from Alchemy, a platform tailored for Web3 developers, plus exclusive support and mentorship opportunities to refine concepts, share updates on products, and acquire valuable feedback.
- Users can enjoy gasless contract deployments via thirdweb, dedicated development assistance, and matching dollar contributions up to $2,500 to help promote custom contracts on the Explore marketplace.
- Participants gain exclusive access to global Google Cloud Web3 events like the Paris Blockchain Week, Consensus, and TOKEN2049 in Singapore.
"Our newly introduced benefits equip Web3 startups and projects with the technology, community, and resources necessary to prioritize innovation over infrastructure while developing decentralized applications and Web3 tools,\" stated Ryan Kiskis, the Director of Google Cloud Startup Ecosystem. blog post .
For developers, Google offers an array of Web3-centric tools, including BigQuery's public datasets and fully managed serverless solutions like Cloud Run, Firestore, Firebase, and BigQuery. Recently, Google Cloud launched initiatives and assembled dedicated teams specializing in digital assets and Web3 engineering. Blockchain Node Engine By enhancing its program, Google is strategically positioning itself in the Web3 space to compete with platforms like Amazon Web Services and Microsoft Azure, aiming to attract a greater number of Web3 developers to its cloud services.
With the Web3 Startup OKX Ventures Partner Jeff Ren suggests that exciting announcements related to the Metaverse may be on the horizon.
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Disclaimer
In line with the Trust Project guidelines Cindy, a journalist at Metaverse Post, specializes in covering Web3, NFTs, metaverse, and AI topics, with a particular emphasis on interviewing key industry figures. With over 30 C-level executives interviewed, she shares their valuable perspectives with the audience. Originally from Singapore, Cindy is currently residing in Tbilisi, Georgia. She possesses a Bachelor's degree in Communications & Media Studies from the University of South Australia, boasting a decade of journalistic and writing expertise.