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ZetaChain and Google Cloud have agreed to a collaboration that will boost Web3.0 adoption. Per the benefit detailed, it will also facilitate the development of applications that can operate across multiple blockchains.
Modalities in ZetaChain And Google Cloud Partnership
ZetaChain prides itself on building an interoperable universal blockchain. With its native access to any blockchain, crypto is accessible, diverse, and connected.
As part of the new development, Google Cloud will serve as ZetaChain’s validator. The tech giant will focus on securing and scaling a robust ecosystem of diverse validators on the Universal Blockchain.
This validation service will span both the mainnet and testnet environments. In other words, it is an opportunity to leverage Google’s Web3 validator services and build on ZetaChain’s universal ecosystem of more than 290 dApp partners.
Richard Widmann, Head of Web3 Strategy, Google Cloud, highlighted Google’s commitment to developers. He claimed that Google is keen on providing tools to empower them to build the future of Decentralized Applications (dApps).
Widmann lauded Google Cloud’s infrastructure and validator capabilities. He noted that this will help ZetaChain grow its Universal Blockchain and unlock interoperability for Web3 developers.
One of ZetaChain’s commitments to the alliance with Google Cloud is to provide the latter with 1,000,000 ZETA tokens. These tokens will be delegated to five validators operating on Google Cloud infrastructure.
To be eligible, these validators must also have a slot in the 10,000,000 ZETA Foundation Delegation Program.
ZETA Price And the Unexpected Outlook
Ordinarily, one would expect the news of the Google Cloud partnership to boost the price of ZetaChain’s native coin, ZETA.
Unfortunately, cryptocurrency has hardly increased in the last 24 hours. At the time of writing, the ZETA price traded for $0.7606 after dropping by 5.62%.
Overall, the broader crypto market recently saw a rebound, fueled by Donald Trump’s victory in the 2024 United States election.
Judging by this positive sentiment, ZETA is lagging. At this rate, attaining a $1 mark as many projects might prove impossible in the short term.
Its market cap has equally hit a snag, but ZETA’s trading volume suggests hope for the token. This metric surged 25.1% within 24 hours, reaching $232.97 million.
This outlook suggests that investors are still optimistic about the token’s future. When the impact of the Google Cloud partnership becomes visible in the token, it may also pare off this long-standing deficit.
What Next in the ZetaChain Ecosystem
Meanwhile, this Google Cloud-ZetaChain alliance comes only a month after Coinbase integrated the ZetaChain mainnet.
The trading platform onboarded ZetaChain as a default network in the exchange’s ecosystem. The move aims to improve the interoperability between Coinbase and other blockchains.
The integration will also provide the exchange investors with institutional custody of ZETA. Currently, the service is available to investors through Coinbase Prime.
It is worth noting that in August, Coinbase included ZetaChain in its roadmap for subsequent listing. As a result of the integration, ZetaChain’s value surged by 20%, indicating increased investor anticipation at the time.