Polygon Labs and Google Partner to Accelerate Web3 Development

Polygon Labs and Google Cloud have announced a multi-year strategic alliance with a focus on web3. Developers can use Google Cloud tools and infrastructure to facilitate the development process.

Polygon Labs and Google Cloud have announced a partnership that will help accelerate growth across the network. The former published a post on April 27, revealing a multi-year strategic alliance that would “accelerate adoption of core Polygon protocols, including Polygon PoS, Polygon Supernets, and zkEVM.”

This will be achieved using Google Cloud infrastructure as well as developer tools.

Polygon network amplification

The goal is to make it easier for developers to build and launch web3 products and dApps on the network. It’s a big development for the network that could result in some fruitful results.

The collaboration can help developers tackle the problem of time-consuming processes as well as high overhead costs. Blockchain nodes often find themselves hobbled by these issues, so it’s certainly a step in the right direction in terms of development.

Polygon Labs also stated that eligible early-stage startups backed by Polygon Ventures can now take advantage of new web3-specific benefits through the Google for Startups Cloud Program. Benefits include up to $200,000 in credit for using Google Cloud and Firebase for up to two years and early access to Google Cloud’s web3 products and roadmap.

President of Polygon Labs Ryan Wyatt said of the collaboration,

“Google Cloud supporting all the Polygon protocols is a step in the right direction to help more people into Web3. Today’s announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management and DeFi. This will pave the way for even more businesses to embrace blockchain technology through Polygon.”

Google Cloud launched Blockchain Node Engine in 2022

The post also mentions Google’s Blockchain Node Engine, which is a fully managed node hosting service. Google announced the Blockchain Node Engine last year, which is a service dedicated to web3 developers.

The service enables more secure and streamlined web3 development. It’s also a sign that Google is trying to expand its services and cater to an ever-growing market.

First equity fund on Blockchain Tech

Polygon has reached many development milestones recently. Franklin Templeton revealed it had registered a mutual fund running on the network – the first to run on blockchain technology. The financial giant noted that it saw operational efficiencies using these systems.

The network also integrated a proof-of-stake bridge to its zero-knowledge Ethereum Virtual Machine (zkEVM) recently. The bridge enhances Polygon’s DeFi ecosystem, which was already on a strong growth trajectory.