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The importance of partnerships in cryptocurrencies has been evident recently. Many cryptocurrency companies continue their initiatives to dominate the real world and add new partnerships. In this context, an important partnership agreement was announced a few minutes ago.
Fantom and Google Cloud Join Forces
According to the announcement made a few minutes ago, an agreement was reached between Google Cloud and Fantom. This agreement was announced via X and the Fantom Foundation’s blog.
The statement made by the Fantom Foundation on X was as follows:
We are working together @GoogleCloud!
Our partnership will initiate efforts for #Fantom developers to create next-gen dApps using Google Cloud’s advanced AI and infrastructure.
Additionally, Google Cloud is now running a validator on our network!
Statement from the Company’s CEO
Following this announcement, the CEO of Fantom Foundation, Michael Kong, made a more detailed statement on the blog:
We always prioritize a developer-first approach, and this latest collaboration is the latest demonstration of using all resources to enhance the ecosystem experience. By partnering with Google Cloud, Fantom developers gain access to additional resources and capabilities, with more to come soon. Fantom and Google Cloud are set to establish a new paradigm for blockchain technology capabilities and features.
Our partnership with Google Cloud is a significant step towards a major transformation for Fantom, coinciding with our recent announcement of our new high-performance chain, Sonic, and the introduction of Sonic Foundation and Sonic Labs. This partnership also builds on our existing relationship with Google Cloud, which includes indexing Fantom blockchain data in BigQuery as part of Google Cloud’s public datasets program.
Despite the news, the price of Fantom (FTM) continued to decline. As of the time of writing, the price was at $0.8231, following a 3% drop in the last 24 hours. FTM’s market cap fell to $2.3 billion, while its 24-hour trading volume rose by 59% to $239 million.
