Polygon (MATIC) Partners With Google To Boost DeFi, Web3

Polygon Partners With Google To Boost Defi, Web3
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Polygon Labs, the maker of the Polygon (MATIC) blockchain, has inked a multi-year strategic alliance with Google Cloud, a suite of cloud computing services offered by Google, to accelerate the adoption of blockchain technology, making it easier for developers to build, launch, and grow their Web3 products and decentralized applications (dApp).

Web3 and decentralization have gained a cult following on a global scale, dispersing power away from the monopolistic central authority. The decentralized finance (DeFi) landscape has grown multi folds in the face of various factors such as macroeconomic factors, banking crisis, and recent market shocks.

Over the recent few years, DeFi and Web3 have undergone testing, strengthening, and improvement enhancing user experience along with creating a wide range of use cases across different industries. These burgeoning technologies have reinvented the scope of user ownership with better security.

Partnership To Benefit Both Companies

On April 27, Polygon Labs announced the partnership with Google Cloud to support all Polygon protocols including Polygon PoS, Polygon Supernets, and Polygon zkEVM. The collaboration aims to make it easier for developers to build and launch Web3 products and dApps on the MATIC blockchain.  

As part of the deal, Google will make its node hosting and management service, Blockchain Node Engine, available for Polygon PoS Chain node operators. Polygon President Ryan Wyatt explained the partnership with Google will boost the adoption of blockchain technology through Polygon.

With Google Cloud as a cloud provider facilitating technical implementation, Polygon Labs will advance its zero-knowledge innovation strategy and enable Web3 developers to avoid trade-offs between decentralization, scalability, and security.

Polygon Partners With Google To Boost Defi, Web3

Polygon Bolsters Web3 Presence

In addition, Polygon Labs also noted that eligible early-stage startups backed by Polygon Ventures can now receive web3-specific benefits through the Google for Startups Cloud Program. The benefits include up to $200,000 in credits for Google Cloud and Firebase usage for up to two years and early access to Google Cloud’s web3 products and roadmap. Watt added,

“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.”

The development comes shortly after Polygon Labs announced a partnership with Immutable, a leading web3 gaming platform, aimed at accelerating the development and adoption of web3 gamingIn the past couple of years, Web3 and DeFi-related companies have put fervent efforts to ramp up adoption and create a decentralized financial ecosystem. Global conglomerates including Amazon, Google, Meta, and Samsung among many others have joined the race for implementing Web3 and decentralization.


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