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Google Cloud Collaborates with Cronos Accelerator Program to Sponsor AI Innovation in Web3

source-logo  blockchainreporter.net 08 June 2023 13:54, UTC

The well-known blockchain venture accelerator Cronos Labs has announced a new collaboration with Google Cloud. Cronos Labs focuses on social applications, Web3 games, and decentralized finance (DeFi). The platform’s unique partnership targets to offer resources to the ventures. This would let them create Web3-related innovative AI-enabled applications to enrich the Cronos ecosystem. In this partnership, Google Cloud will provide Google Cloud credits for the projects in the Accelerator Program.

Google Cloud Joins Forces with Cronos Labs to Enhance Web3 Innovation with AI Technology

This will enable the ventures to take benefit from the services infrastructure, and products of Google Cloud. With this, the platform could develop, test, as well as deploy Web3-related applications. In addition to this, the Cronos Labs Accelerator program will get benefit from the AI expertise of Google Cloud. This will enable it in hosting AI forums and offering mentorship for participating ventures.

In this respect, it will guide the use of AI technology for the development of decentralized applications. This would additionally provide help in creating more efficient, scalable, and smarter applications. Google Cloud Asia Pacific’s Web3 Lead Rishi Ramchandani commented on this development and stated that a vital thing in the Web3 sector is innovation. He added that the company expects to operate with Cronos Labs as well as the ventures in the Accelerator Program.

Chosen Projects Will Receive $30,000 in Open Seed Funding

He asserted that Google Cloud would provide community, support, and technology. This would assist in the scaling and development of dApps, Web3 tooling, and so on. The Accelerator Program of Cronos Labs emphasizes the priority verticals concerning infrastructure, SocialFi, GameFi, and the DeFi sectors. In addition to this, the chosen projects will get $30,000 in an open seed funding round.