Tezos (XTZ) Rallies After Reveal of Partnership With Tech Giant Google

Smart contract platform Tezos (XTZ) is on the move following news that the project has partnered with tech giant Google.

new press release make clear Google Cloud will become a validator for the Tezos network, and Tezos will help Google Cloud’s enterprise customers deploy Tezos nodes to support Web3 innovations on blockchain.

With the new program, Tezos aims to provide Google Cloud customers who want to build Web3 applications with easy deployment of nodes and indexers on Tezos, making it easier for enterprises and developers to host and deploy nodes. I’m here.

James Tromans, Engineering Director for Web3 at Google Cloud, said:

“Google Cloud provides a secure and reliable infrastructure for Web3 founders and developers to innovate and scale their applications. Bring the reliability and scalability of Google Cloud to your Web3 applications on Tezos.” I look forward to bringing it to you.”

Mason Edwards, Chief Commercial Officer of the Tezos Foundation, said:

“Reliable, scalable, and secure technology is essential to enable institutional adoption and mass market opportunities. We look forward to accelerating the chain’s development and innovation together.”

Edwards too Said TechCrunch says the deal with Google Cloud will allow Tezos to “enable institutions and larger institutions to join the space.”

After the announcement, Tezos’ native token, XTZ, jumped 14% from $1.19 to $1.36 in just a few hours. At the time of writing, XTZ is trading at $1.29 and has a market cap of $1.1 billion.

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