Google Cloud Adds MultiversX to BigQuery - EGLD Price Soars

On the evening of October 20, Google Cloud, the technology behemoth Alphabet's cloud arm, and MultiversX announced a collaborative effort to bolster their web3 presence.

Google Cloud Adds MultiversX to BigQuery - EGLD Price Surges. Image: Bitcoin.com News

The partnership integrates MultiversX with Google Cloud's BigQuery data warehouse, leveraging its data analytics tools and artificial intelligence capabilities to enhance value for the web3 project and its users. The collaboration was anticipated by MultiversX at the xDay conference in Bucharest, Romania.

BigQuery, Google Cloud's data warehouse, allows users to perform SQL-like queries on vast datasets. Google Cloud initially integrated blockchain data into BigQuery in 2018, granting developers access to on-chain data from Bitcoin and Ethereum.

Last month, the cloud platform expanded its support to include 11 additional blockchains, bringing the total to 19, including Bitcoin Cash, Ethereum Classic, Litecoin, Avalanche, Arbitrum, Optimism, Polkadot, Polygon, and Tron.

Following the announcement, EGLD's price surged by 10%, rising from $24.2 to $26.6. At the time of reporting, the coin has stabilized around $25.96.

Chart showing 15-minute EGLD/USDT pair on Binance at 10:00 AM on October 21, 2023

In the same announcement, the blockchain infrastructure company unveiled several new features for its decentralized wallet platform and "SuperApp" xPortal. The application now supports easier management of both fiat and crypto currencies for users. Additionally, xPortal will soon integrate fiat P2P payments, SEPA transfers, and SWIFT payments by early 2024.

In the past, MultiversX has established partnerships with various traditional brands, including the ICI D | Services marketplace and Audi's virtual reality car platform, Holoride.