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Google Cloud announced plans to assist Web3 startups and projects to build and scale faster and more securely.
The new offering expands on the existing initiative called – “Google for Startups Cloud Program” by including additional Web3-specific benefits.
The Initiative
According to the official press release, eligible Web3 technology projects and startups from pre-seed to Series A will be able to apply for the Google for Startups Cloud Program. Projects can also opt-in to Google Cloud’s Web3-specific benefits which include up to $200,000 over two years in Google Cloud credits and technical and collaboration support.
“Our goal is to enable Web3 builders to focus on what really matters – speed-to-market and innovation. This means giving startups the ability to build on our fully managed, serverless platform at no cost, as well as the resources and community to be successful.”
Furthermore, access to a set of grants from Aptos, Celo, Flow, the HBAR Foundation, Near, and the Solana Foundation will also be made available. Each of the founding partners will be offering exclusive grants of up to $1 million to help accelerate Web3 startup growth, in addition to resources to support development.
The program will offer access to up to $3 million in investments from the Polygon Ventures Ecosystem Fund, priority review from the Ventures Team as well as all Polygon Venture benefits. Some of the other perks by Google Cloud include priority review for the Base Ecosystem Fund and access to testnet, discount on Nansen products and engagement fees, credits for Alchemy, and priority access to Alchemy University.
Google Cloud and Web3
Google Cloud’s tryst with Web3 dates back to 2018 when it added datasets for Bitcoin. Since then, the cloud computing giant has forged partnerships with several industry leaders, including Coinbase.
It partnered with BNB Chain last year to offer Web3 startup infrastructure. Earlier this month, the Celo Foundation also announced collaborating with Google Cloud to expand the early adoption of the latter’s services alongside Celo’s blockchain ecosystem.