Google Cloud Partners as Validator for Flare, FLR Surges 40%
As part of their collaboration, Flare has joined the "Google for Startups" program to boost the Web3 startup ecosystem.
Google Cloud Partners as Validator for Flare, FLR Surges 40%. Image: Google
The cloud technology platform of tech giant Google has become a validator and infrastructure provider for the Flare blockchain.
In this role, Google Cloud joins 99 other organizations in securing the network as a validator and contributing to the Flare Time Series Oracle (FTSO).
Additionally, Google Cloud revealed that Flare has become part of the "Google for Startups" program, aimed at fostering development within the Web3 startup community.
Flare onboards @GoogleCloud as an infrastructure provider to validate the network and contribute to the Flare Time Series Oracle.
— Flare ☀️ (@FlareNetworks) January 15, 2024
Enshrining decentralized data delivery in a dual role with network validation is what makes Flare the Blockchain For Data.https://t.co/bJF9yX7GrX pic.twitter.com/oGySMD4vVq
Flare is renowned as a "blockchain for data," granting developers access to decentralized data through its oracle system. Infrastructure providers for Flare are responsible for delivering high-quality data to the network.
Following this development, the FLR token of Flare has surged nearly 40%. The market capitalization of this token stands at approximately $770 million, with trading prices around $0.0239 per token.
1-hour chart of FLR/USDT pair on Gate.io at 09:10 AM on January 16, 2024
Prior to Flare, Google Cloud has partnered with various other crypto projects including BNB Chain, Solana, Near, Coinbase, Aptos, Tezos, and Celo. Meanwhile, competitor Amazon Web Services (AWS) is also striving to increase its market share in Web3, albeit with more modest gains.
