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HomeNewsThis billion-$-crypto project partners with Google - Investment opportunity of a lifetime?

This billion-$-crypto project partners with Google – Investment opportunity of a lifetime?

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  • The Celo Foundation has partnered with Google Cloud to support projects in Celo’s blockchain ecosystem and advance the early adoption of Google Cloud services.
  • Founders building on Celo will have access to credits for Google Cloud and Firebase usage, while the Google Cloud team will provide mentorship and guidance to the Celo Foundation’s Founders in Residence program.
  • The partnership aims to create awareness for blockchain technology and its ability to scale real-world use cases on Celo, while addressing sustainability challenges in Web3.

Celo Foundation Partners with Google Cloud to Boost Early Adoption of Web3 Services

The Celo Foundation has partnered with Google Cloud to advance the early adoption of Google Cloud services in Celo’s blockchain ecosystem. The partnership will enable founders building on Celo to access credits for Google Cloud and Firebase usage, enhancing Celo’s mobile-first infrastructure and decentralized applications (DApps).

Google Cloud will also provide mentorship and guidance to the Celo Foundation’s Founders in Residence program and participate in the virtual Celo Camp accelerator program. The two organizations will also co-host targeted workshops and events focused on Web3 sustainability and innovation.

Addressing Sustainability Challenges in Web3

The Celo Foundation and Google Cloud aim to create awareness for blockchain technology and its ability to scale real-world use cases on Celo, while addressing sustainability challenges in Web3.

Xochitl Cazador, the Celo Foundation’s head of ecosystem growth, noted that the partnership will help ecosystem builders tackle sustainability challenges by alleviating the strain on emerging and established projects. Celo has gained recognition as a leader in regenerative finance (ReFi), a broad concept that prioritizes sustainability within finance, and has achieved carbon negativity through proof-of-stake (PoS) consensus.

Opportunities in the Multichain World

Rene Reinsberg, the president of Celo Foundation and co-founder of the Celo blockchain, sees the increase in layer-1 blockchains and layer-2 networks as an opportunity to bring more people into crypto. In a recent episode of Cointelegraph’s Hashing It Out podcast, Reinsberg discussed the ReFi movement and Celo’s plans to stay relevant in the multichain world.

As the Web3 ecosystem continues to evolve, partnerships such as the one between the Celo Foundation and Google Cloud are likely to play an important role in advancing the adoption of Web3 services and addressing sustainability challenges.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628
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