The Celo Foundation and Google Cloud collaborate to support sustainable Web3 initiatives. This collaboration will allow founders working on Celo to access credits for Google Cloud and Firebase, Google’s mobile development platform. With the effect of the news, the altcoin price started to rise.
Partnered with Google Cloud Celo, altcoin price skyrocketed!
cryptocoin.com As we reported, the Celo Foundation has partnered with Google Cloud to support mission-oriented projects in the Google Cloud Blockchain ecosystem and advance early adoption of Google Cloud services. The collaboration will allow founders working on Celo to access credits for use of Google Cloud and Firebase, thereby enhancing Celo’s mobile-first infrastructure and decentralized applications (Dapps).
With the effect of the news, the altcoin price made a vertical move. CELO hit $0.7063, a bounce from $0.6408 on the day. However, it later saw slight pullback. At press time, the altcoin was trading at $0.6836, up 7.35% on a daily basis.
Firebase is a mobile and web application development platform developed by Google that provides developers with a variety of tools and services for building applications, including authentication, real-time databases, cloud storage, and messaging.
What does the Google and Celo collaboration aim for?
Per the announcement, the Google Cloud team will also mentor and mentor the Celo Foundation’s Founders in Residence program and participate in the virtual Celo Camp accelerator program that supports entrepreneurs in developing sustainability-focused initiatives. In addition, the two organizations aim to co-host targeted workshops and events focusing on Web3 sustainability and innovation.
“This new and expanded partnership between Google and the Celo Foundation advances the ability to collaboratively create broader awareness for Blockchain technology and its ability to scale real-world use cases in Celo,” Xochitl Cazador, Celo Foundation’s head of ecosystem growth, said in a statement.
Cazador also added, “The core team of Google Cloud will also support the Celo Foundation through joint hackathons, workshops and events focused on the intersection of Web3 and sustainability. The partnership aims to further strengthen the belief of both teams that Blockchain technology is well suited to address environmental issues.”
Addressing the challenges faced by sustainability-focused startups at Celo Network, Cazador shared that “highly technical recruiting processes, complex interfaces, and unconventional transaction fee currencies create major barriers to entry for such startups in the Web3 space.” However, Cazador noted that Celo’s partnership with Google Cloud “will ease the pressure on new and established projects, thereby enabling ecosystem builders to tackle the biggest sustainability challenges today and tomorrow.”
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