Google Cloud joins forces with NFT token creation company Dapper Labs

Google Cloud joins forces with NFT token creation company Dapper Labs

Google, the company responsible for creating the most popular Internet search engine, has decided to join forces with the Canadian studio Dapper Labs. The cooperation is aimed at developing new products and Web 3.0 services, including the recently popular NFT token. The news about the cooperation was announced on Tuesday, September 14, 2021 by Roham Gharegozlou, CEO of Dapper Labs.

What will Google Cloud and Dapper Labs’ collaboration consist of?

Google Cloud, as part of its partnership with Dapper Labs, is to become the network operator for Flow, Dapper Labs’ native blockchain. Flow is a scalable infrastructure that supports the entire ecosystem of NFT tokens, games and applications. 

The benefits of this collaboration are plain to see, at least for Dapper Labs. The company is guaranteed a secure and scalable infrastructure provided by Google, a leader in the technology industry. It is a “milestone” for Dapper Labs in the context of further development of the company. But what will Google get out of this collaboration?

To understand this, one must be aware that Google’s main competitor and at the same time the leader in the cloud services industry is Amazon with its Amazon Web Services. By signing a collaboration agreement with Dapper Labs, Google has also committed to facilitate the integration of Flow blockchain with Google Cloud service. This gives the Google Cloud service a definite advantage over its competitors.

What does Dapper Labs do?

Dapper Labs, along with its Flow blockchain, supports some of the most well-known NFT collections on the market, including CryptoKitties and NBA Top Shot. Through February 2021 alone, NBA Top Shot has achieved sales of up to $230 million. Earlier this year, NBA legends Michael Jordan and Kevin Durant joined the company’s investors in supporting the company in its next round of funding.

NFT Mania

But it’s not just Michael Jordan and Kevin Durant who see potential in the NFT industry. In less than a year, NFT has transformed from a small sector of the crypto industry, to a multi-billion dollar market. In August 2021, the industry hit a sales record, surpassing $2 billion. Today, this market is trending upward. In 2021 alone, several NFT-focused companies closed new rounds of funding, which could have a significant impact on the future growth of the NFT industry. 

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email
Edward Snowden calls CBDCs perversion of cryptocurrencies

Edward Snowden calls CBDCs perversion of cryptocurrencies

CBDC represents a very special segment of blockchain technology. At its inception, it attracted positive sentiment. However, this has changed significantly over time, to the point where central bank digital currencies have been called cryptocurrencies by Edward Snowden. An unforgiving opinion Edward Snowden

Read More »

How many people in the world own cryptocurrencies?

You’ve probably noticed that the adoption of cryptocurrencies is growing rapidly. But have you ever wondered how many people actually own this type of asset? In this article, we’ll take a look at the numbers. Cryptocurrencies globally Thanks to the data provided by

Read More »
How big is the NFT space

How big is the NFT space?

Non Fungible Tokens is one of the crypto spaces that has been gaining the most popularity recently. There is a lot of talk about it, however, a handful of facts are useful. So let’s present NFT in numbers. NFT invasion Let’s start with

Read More »

Top Stories