In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, one of the hottest trends in crypto.
On day two of the event, the MultiversX team, spearheaded by Beniamin Mincu, announced a partnership with big tech giant Google. The partners will work on driving adoption and “accelerating” the expansion of Web3 and the MultiversX ecosystem.
Google Cloud Pledges Financial Support For MultiversX Ecosystem
In conversation with Daniel Rood, Head of Web3 EMEA for Google Cloud, the partners spoke about the similarities in the obstacles faced by Google to reach billions of users. Mincu stated that this partnership with the big tech giant will help the network increase its adoption.
The partnership will be supported by “4 pillars,” as stated by Rood. In that sense, the big tech giant announced that the data running on the MultiversX will be embedded directly into the Google Cloud infrastructure, adding an extra layer of security for the blockchain.
In the past two years, MultiversX, formerly Elrond, implemented a sharding architecture capable of handling over 100,000 transactions per second. The project has focused heavily on providing its users and builders with a secure and scalable infrastructure; this partnership is another step in that direction.
The MultiversX CEO stated the following about the partnership:
We are excited to unveil this collaboration as part of a strategic plan meant to expand our ecosystem and bring significant opportunities for users and developers. MultiversX is in a unique position, with great potential for accelerated growth, and the additional products and services brought by Google Cloud are a key contribution to that.
On the stage, Mincu expressed excitement about what the partnership represents for the MultiversX ecosystem and the nascent industry. The announcement was received with applause by the community.
The MultiversX CEO emphasized their role as the “engine” driving the ecosystem. Thus, Google Cloud will also offer financial aid and pledge to create spaces like hackathons where builders can benefit from the partnership.
During the xDay 2023 event, a hackathon will reward the community with $1 million in prizes and further funding. Daniel Rood, Head of Web3 EMEA for Google Cloud, added the following:
There are exciting opportunities to enable Web3 developers to build and scale faster and as we explore new verticals within the space, our partnership with MultiversX will allow us to expand our strategy and reach further and solidify our position as one of the main innovation drivers in the blockchain world.
Cover image from MultiversX, chart from Tradingview