Solana (SOL) News Updates: In what could be a hint of major news, Google Cloud is set for a Solana (SOL) collaboration. SOL price immediately jumped thanks to Google’s tease, with around 10% jump within minutes. As of writing, SOL price stands at $37.68, up 14.09% in the last 24 hours, according to price tracking platform CoinMarketCap. The 10th ranked cryptocurrency is currently at a market cap of $13.81 billion. The blockchain team claims to have built the technology to enable scalable, user-friendly apps.
The Solana Google Cloud Collaboration
Google Cloud said it is running a block-producing Solana validator to participate in and validate the network. Google Cloud is working with the blockchain to bring Blockchain Node Engine to the chain next year, so it will be easy for anyone to launch a dedicated blockchain node in the cloud, it said. The official Google Cloud Twitter handle tagged the blockchain project’s co-founder Anatoly Yakovenko. The tweet said,
“Hey Anatoly Yakovenko, Should we tell our followers the big news?”
Also, Google Cloud is indexing Solana data and bringing it to BigQuery next year to make it easier for the SOL developer ecosystem to access historical data. Last week, the tech giant announced Google Cloud’s Blockchain Node Engine. The engine is aimed at helping Web 3.0 developers build and deploy new products on blockchain-based platforms.
Efforts Already On
Meanwhile, Google appears to have already ramped up efforts to run the SOL validator. The Alphabet company is currently hiring for Solana tech specialist roles. The role demands web 3.0 specialists with experience in DeFi protocol patterns. The Google Blockchain Node Engine will first support Ethereum blockchain. Earlier in the week, Instagram and Facebook integrated support for Solana NFTs.
The blockhchain network depends on the permissionless aspect to provide solutions in decentralized finance (DeFi). The blockchain network was officially launched in March of 2020. Its proof-of-history consensus makes it one of the promising projects to watch out for among top cryptocurrencies.
This latest announcement is another addition to Google’s growing list of cryptocurrency related projects. In October 2022, the big tech major announced its partnership with Coinbase for crypto based payments for Google Cloud users. Starting with early 2023, Google Cloud users would have access to crypto payments.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.