We are here with a hot development in the cryptocurrency world. Accordingly, Google is partnering with an altcoin. The xDay 2023 event organized by MultiverseX at the Palace of Parliament in Romania is currently on the agenda. The project, formerly known as Elrond, rebranded in 2022 to focus on one of the hottest trends in the crypto world: the metaverse.
Google and altcoin MultiverseX join forces for Web3 development
On the second day of the event, the move came from the MultiverseX team led by Beniamin Minku. Accordingly, the technology giant announced a groundbreaking partnership with Google. Together, they aim to “accelerate” the adoption and expansion of the Web3 and MultiverseX ecosystem.
MultiverseX’s native token, altcoin EGLD, experienced an increase following the development. At the time of writing, it is trading at $25.36, up 7%. This collaboration with Google will be a turning point for the project. They will also play important roles in carrying the project into the future.
Bringing Web3 to billions with the support of Google
In meetings with Google Cloud Web3 EMEA president Daniel Rood, the partners made important statements. Accordingly, they highlighted the common challenges they face in reaching billions of users. Minku specifically states that he is optimistic about the partnership with the technology giant. He also expresses his belief that this partnership between the altcoin and Google will significantly increase the adoption of the network.
Rood outlined the basis of the partnership based on “4 pillars”. One of the key aspects of this collaboration is Google’s commitment to integrate data from the altcoin MultiverseX directly into the Google Cloud infrastructure. This move not only increases the security of blockchain, but also deepens the integration of Web3 technology into the mainstream digital environment.
Synergy of innovation and scalability
Over the past two years, MultiverseX, formerly known as the altcoin Elrond, has made significant advances in blockchain technology. They implemented a sharding architecture that can process more than 100,000 transactions per second. This achievement reflects their strong commitment to providing a secure infrastructure for users and developers.
The partnership with Google for the altcoin project is another important step in this direction. It reinforces the project’s commitment to delivering a robust and user-friendly Web3 ecosystem. On the other hand, it benefits from the expertise and resources of one of the world’s technology giants. Accordingly, as xDay 2023 progresses, the collaboration between Google and MultiverseX draws attention. It also takes the Web3 and blockchain ecosystem to new heights. Thus, it promises to change the rules of the game. As Kriptokoin.com stated, such partnerships are very important for Bitcoin and altcoins.
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