Hassan Maishera
TL;DR
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The Fantom Foundation has entered into a strategic partnership with Google Cloud.
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FTM is currently trading at $0.8398, up by 5% in the last 24 hours.
Fantom Foundation Partners with Google Cloud
The Fantom Foundation announced in a blog post on Tuesday that it has entered into a strategic partnership with Google Cloud. The partnership will see the two entities launch a series of initiatives incentivizing and empowering developers to build the next generation of dApps on Fantom.
As part of the partnership, the Fantom Foundation will use Google Cloud’s secure and scalable infrastructure as well as its AI capabilities to help developers on Fantom build smarter, safer products that engage users in more meaningful ways.
Furthermore, Google Cloud will help scale and secure our Opera network by operating a validator, which it intends to migrate to the new Sonic network.
While commenting on this partnership, the Fantom Foundation’s CEO Michael Kong said,
“We always prioritize taking a developer-first approach, and this latest collaboration is the most recent demonstration of courting all resources to enhance the ecosystem experience. By partnering with Google Cloud, Fantom developers gain access to additional resources and capabilities with more to come soon. With Google Cloud, Fantom is prepared to set a new paradigm for the capabilities and features of blockchain technology.”
Rishi Ramchandani, Head of Web3 APAC also commented that,
"Google Cloud is committed to scaling the Web3 ecosystem by empowering founders, enterprises, and developers with secure infrastructure and cutting-edge AI. Our expanded relationship with Fantom, which includes becoming a validator on its network, builds on this mission as we help enable its developers to build more engaging and meaningful applications."
This is not the first time Fantom and Google Cloud have collaborated. In a previous partnership, Google Cloud indexed Fantom blockchain data in BigQuery as part of its public datasets program.
The Fantom Foundation also revealed they would implement a multi-layered threat defense system by adopting Google Cloud's AI-driven threat detection and vulnerability management. Additionally, the two entities will collaborate on promoting Fantom’s bug bounty program to incentivize white-hat hackers to identify potential bugs.
FTM, the native coin of the Fantom ecosystem, has performed well since the announcement. The coin is up by more than 5% in the last 24 hours and is now trading at $0.8398 per coin.
