Google Cloud’s collaboration with Polygon Network as a validator, along with numerous other partnerships in the cryptocurrency realm, highlights the increasing interest of tech giants in blockchain technology and cryptocurrencies. However, the tech giant has once again surprised everyone with its recent collaboration with Flare Blockchain.
Flare Network’s collaboration with Google Cloud
According to a recent report Google Cloud, the cloud division of Google (GOOGL), has announced its participation as a validator and infrastructure provider for the Flare blockchain. This collaboration comes as part of Flare’s initiative to onboard 100 organizations, including Google Cloud, to play a crucial role in the Flare Time Series Oracle (FTSO) on the network.
Flare, calls itself “the blockchain for data,” and also offers developers decentralized access to data through its Oracle system. In the realm of blockchain, Oracles are entities facilitating the connection between networks and external systems, facilitating the execution of smart contracts based on real-world inputs and outputs.
Flare’s FLR price surge, Here’s why
Google, Flare’s native token FLR experienced a significant price surge of over 8% in just an hour of collaboration. This substantial price increase for FLR occurred at a time when overall cryptocurrencies are struggling to gain momentum. Top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced neither upside nor downside in the last 24 hours.
However, when we look at FLR over a longer period in the last 30 days, it experienced over 14% upside momentum. This notable price surge of Flare’s FLR highlights the importance of this collaboration.
Flare’s collaboration with Google Cloud holds importance as the tech giant is renowned for providing access to extensive volumes of data. As one of Flare’s infrastructure providers, Google Cloud will play a crucial role in delivering high-quality data, empowering developers to create innovative use cases for blockchain technology, and advancing its broader adoption.
This significant partnership highlights the ongoing trend of blockchain adoption within tech giant Google, showcasing the industry’s acknowledgment of the potential and value that blockchain technology brings to the table. Additionally, Flare continues to strengthen its network with the tech giant, and the collaboration with Google Cloud marks a remarkable milestone.
