Google Cloud confirms participation in EigenLayer testnet

Exclusive: Google Cloud joined more than 65 other operators in the group as the restaking protocol eyes a mainnet deployment for node operators in the first half of 2024

article-image

Google’s head of strategy and web, Rich Widmann | Permissionless II by Blockworks

share

Google Cloud has joined EigenLayer’s “Operator Working Group” alongside more than 65 other operators and solo stakers, a representative for EigenLabs, the developer behind EigenLayer, told Blockworks. 

Google Cloud Web3 now appears as a node operator on the Goerli testnet for EigenLayer — a restaking protocol that lets ether (ETH) be staked on multiple platforms at once. Google Cloud confirmed the cloud computing service’s participation in EigenLayer’s testnet in an email to Blockworks. 

Google Cloud declined to comment on whether it has plans to move to EigenLayer’s mainnet or if the protocol would be added to Google Cloud’s Blockchain Node Engine.

EigenLabs also couldn’t confirm whether Google Cloud would remain as a node operator once node operation goes to mainnet. Representatives said they expect Google Cloud’s support to continue, since the goal of testnet is to prepare for mainnet.

EigenLayer went live for stakers, who earn rewards by locking in their staked ether, in June. Operators, who enhance security and allow stakers to delegate assets, are still in testnet. 

EigenLayer has said it expects mainnet deployment to happen in the first half of 2024.

Google Cloud, the cloud computing service offered by Google, has been on a steady march into Web3 since Bloomberg first reported Google’s creation of a blockchain division in January 2022.

Later that year, Google Cloud released the Blockchain Node Engine, a service meant to let developers run blockchain network nodes more easily. Google Cloud launched a web3 startup program in April 2023.

Google Cloud showed an interest in staking before the EigenLayer integration, becoming a Polygon validator in September. The investment was minimal from the tech giant, though: Google Cloud has the second-smallest stake out of more than 100 validators. 

The cross-chain protocol LayerZero partnered with Google Cloud in September 2023, with the company becoming LayerZero’s default oracle to verify transactions across blockchains. 

Google Cloud’s move into Web3 has not been without controversy, with some seeing the behemoth cloud computing service’s presence as a strike against decentralization.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flashnote Template Presentation (2).jpg

Research

With the recent election, it’s clear that there will be a meaningful shift in crypto regulations and legislation. Trump is likely as pro-crypto as a president can be. He launched (multiple) of his own NFT collections and is launching an Aave wrapper called World Liberty Fi. He has also spoken out and mentioned that he wants to make the United States "the crypto capital of the planet" and transform it into the "Bitcoin superpower of the world". He proposed creating a strategic national Bitcoin stockpile alongside support from Senator Cynthia Lummis, promising to retain 100% of all Bitcoin held by the U.S. government. More importantly, we’re likely to see deregulation across the board in a lot of industries, with crypto being one of them - as Trump has committed to keeping the crypto market largely unregulated. Crypto, DeFi in particular, has historically been knee-capped by overreaching and hostile governmental agencies and regulation by enforcement, as evidenced by the plethora of Wells notices and lawsuits over the past few years. With Donald Trump winning the presidency, Republicans taking control of the Senate, and being on the verge of securing the House, we think it’s likely that crypto realizes positive regulatory clarity. Below, you can find our analysts’ takes:

article-image

Solana is the crowd favorite to potentially flip Ethereum somewhere down the line, and it tends to feel realistic at times

article-image

Of course, a lot has happened since the 600+ survey respondents shared their thoughts between Aug. 15 and Oct. 1

article-image

AI’s future shouldn’t be decided by a handful of tech giants

article-image

A look at software wallet Exodus may show how an SEC shakeup could have a real impact on industry companies

article-image

Co-chairing Trump’s transition team to help fill administration positions is Cantor Fitzgerald CEO Howard Lutnick

article-image

Reflect is a delta-neutral currency protocol that lets tokens accrue yield without touching the banking system