Google Pushes Forward in Web3 With Cloud Startup Program

Aptos, Celos, Flow, HBAR Foundation, NEAR and Solana Foundations are all offering grants totaling up to $1 million for startups

article-image

DANIEL CONSTANTE/Shutterstock modified by Blockworks

share

Google Cloud announced on Tuesday that it’s rolling out benefits to allow Web3 startups to apply for its Startups Cloud Program. 

The benefits include grants from foundation partners, which include Aptos, Celo, Solana Foundation, HBAR Foundation and Near. 

Startups will also have access to Alchemy University while giving them credits worth $10,000 in Alchemy. They’ll also have access to the Polygon Ventures Ecosystem Fund, which gives access to around $3 million in investments. 

There are two tiers through which startups can apply. The starting tier is optimized for projects and startups that have not been funded yet — meaning they’re pre-seed and have been around for less than five years.

The scale tier is designed for seed to Series A startups that have been founded in the last 10 years. Scale gives the startups access to the benefits mentioned above, with Google Cloud credits covered 100% up to $100,000 in year one. 

This isn’t Google’s first foray into Web3. Last fall, Google Cloud announced the Blockchain Node Engine, which is a tool that builds and deploys on both blockchain-based applications and platforms. 

Ethereum was the first blockchain supported by the engine, but Google Cloud announced that Solana was being included as well last November. 

Google’s parent company, Alphabet, was a huge investor in blockchain technology throughout 2021 and 2022, according to data from Blockdata. Google’s investing vehicles made 990 investments.


Get the day’s top crypto news and insights delivered to your email every evening. Subscribe to Blockworks’ free newsletter now.


Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can’t-miss tweets and more from Blockworks Research’s Daily Debrief.


Can’t wait? Get our news the fastest way possible. Join us on Telegram and follow us on Google News.


Tags

upcoming event

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. This year’s event will be held in our nation’s capital, where industry leaders, policymakers, and institutional experts will come together to discuss the latest developments and challenges in the ever-evolving world of cryptocurrency. […]

upcoming event

MON - WED, SEPT. 11 - 13, 2023

2022 was a meme.Skeptics danced, believers believed.Eventually, newcomers turned away, drained of liquidity and hope.Now, the tide is shifting and it’s time to rebuild. Permissionless II is the brainchild of Blockworks and Bankless. It’s not just a conference, but a call […]

recent research

Sequencers: The Key to The Rollup Investment Thesis

Research

Sequencers are one of the most explicit mechanisms in crypto for creating sustainable DAO-controlled revenue.

/

article-image

The SEC takes on the two biggest players in crypto within 24 hours

article-image

The SEC just sued Binance over alleged securities violations — now, the agency is coming for top US crypto exchange Coinbase

article-image

Binance’s ability to handle large outflows is once again tested as the market reckons with a fresh set of SEC allegations

article-image

Cboe Digital has CFTC permission to provide clearing services for margin trade on crypto futures at a time when regulators are closing in

article-image

The former part owner of the Minnesota Vikings misled a number of banks to process hundreds of millions of dollars of illicit crypto transactions

article-image

“We do not want to be regulated ever,” the SEC quotes an unnamed Binance CCO in lawsuit