Solana (SOL) Announces New Partnership with Google Cloud

Solana

Solana (SOL) has unveiled a new partnership with Google that involves multiple integrations between the crypto project and the tech giant. During the last annual event Breakpoint 2022, Solana informed that Google Cloud will become a Solana node validator. This was one of the most important announcements of this crypto project in the last few years. 

Solana (SOL) Partners with Google 

Solana continues to expand as one of the largest crypto projects in the market. This time, at the Breakpoint 2022 event in Lisbon, Solana announced that they are partnering with Google Cloud for them to become a node validator. This is one of the most important integrations between Solana and another company, in this case, Google.

The goal is to start as soon as early next year and it would offer users the possibility to launch their own dedicated Solana node using cloud solutions. This technology was already available for other blockchain networks but not using Google’s technology. Therefore, this is a great step forward for Solana, which tries to bring as many users and use cases as possible to its network.

Another thing that is worth taking into consideration is that Solana announced its own smartphones that will be available for pre-order as soon as early 2023. This is another key announcement that allows Solana to position itself ahead of other competitors. This centralization that Solana has in terms of development and projects is something that gives it an advantage in the crypto industry. 

At the moment there is still no official date on when these smartphones will be available for pre-order. Nevertheless, these phones will allow users to store private keys. Private keys for crypto users are very important, especially for those that want to be in control of their coins at all times. Hence, these smartphones will be very useful to help users secure their digital assets. 

These announcements have had a positive effect on Solana, which is now the 10th largest virtual currency in the market. The coin was able to surge by 10.2% in the last 7 days and surpassed other coins that had a very good week, including Polygon (MATIC) and Polkadot (DOT). 

According to data shared by CoinGecko, one of the most popular crypto price aggregators in the market, Solana has a price per coin of $36.33 and a market capitalization of $12.99 billion. Last week was very positive for most digital currencies in the market with few coins registering gains of over 10%. 

Dogecoin (DOGE) after Elon Musk took over Twitter more than doubled in price. Litecoin (LTC) with its most recent integration with MoneyGram has also moved from close to $50 to almost $70 per coin. Hence, we see that there has been a very positive week for digital assets. We can now include Solana on the list with double digits gains during the same period of time. It will also be very interesting to see what will happen with the price of this digital currency as soon as these integrations and announcements start taking effect. 

Jonathan Gibson

Jonathan Gibson