Google Cloud has marked its territory in the blockchain space by becoming an official validator on Polygon (MATIC), a layer-2 blockchain, enhancing the security and functionality of this Ethereum scaling solution. This development underscores Google Cloud’s increasing involvement in blockchain ecosystems, building on its role as a validator for the Solana (SOL) blockchain since October 2022.
Polygon Labs heralded Google Cloud’s induction, emphasizing the added security that such esteemed validators bring to its network. With Google Cloud on board, Polygon users can expect enhanced trust and security, integral components in the burgeoning blockchain ecosystem.
This partnership isn’t the duo’s first dance; their collaborative journey commenced in April, flowering into a multi-year strategic alliance aimed at bolstering the adoption of core Polygon protocols. This synergy is part of a broader narrative of Google Cloud’s engagement with blockchain technologies. The cloud giant rolled out its Blockchain Node Engine in 2022, a fully managed node-hosting service tailored for web3 entities, with Ethereum being the inaugural chain to receive support.
Polygon is navigating transformative tides. In June, a proposal was submitted for the metamorphosis to Polygon 2.0, a visionary upgrade poised to elevate the project as the “value layer of the internet.” Integral to this transition is the evolution of the native MATIC token, which, if the proposal is greenlit, will morph into POL.
At the time of reporting, MATIC, the 14th titan by market capitalization in the crypto echelons, is trading at $0.527, marking a 1.68% uplift within a 24-hour window. This evolving narrative of collaborations, technological innovations, and network upgrades underscores the dynamic evolution of the blockchain and crypto spaces, with giants like Google Cloud playing pivotal roles in shaping this digital frontier.
