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Google thrusts towards blockchain, is Google Coin in the making?

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Google Coin

We all know Google was not precisely ‘open’ to the crypto world. In fact, not so long ago the giant company decided to follow the lead of Facebook (which has changed its mind already now) and Twitter while banning crypto ads on their site. However, as it seems, the unfavorable perception of the company may be changing now, and this is something that can be read crystal clear with the latest crypto advertising acceptance and the adding of several cryptocurrencies to their crypto-to-cash converter that occurred just a couple of days ago.

Moreover, one of the most surprising facts is that Google made all of the latest decisions without making any announcements, which of course, let us think that there’s something big going on there. Is it possible that Google is planning to start a crypto revolution? Could we be speaking of a ‘Google coin’ appearing in the cryptosphere any soon? Let’s see all the reasoning behind and the latest moves of the search giant.

Google cloud services and the blockchain technologies

Google is one of the few cloud services that as of now hasn’t still given an approach to the blockchain technologies to refresh the service and provide an update to the way it functions. Let’s recall that not so long ago, this year, Amazon Web services announced the launch of the dubbed ‘AWS Blockchain Templates’, a project designed with the intention of supporting its users in the creation of their very own blockchain projects by using Ethereum and Hyperledger.

Similarly, Microsoft communicated as well the employment of the blockchain with the intention of providing blockchain-based solutions to enterprises, and this was followed by the launch of a project dubbed ‘Coco,’ a blockchain-based framework constructed to work on enterprise systems. Like this, it was just a matter of time before Google would intend to make a similar move, and apparently, that time has come already.

It was clear that this was going to happen at a certain point. In fact, the co-founder of Google and president of Alphabet, Sergey Brin, recently stated that they “probably already failed to be on the bleeding edge” by not adapting to the new technologies, and evidently, this adaptation didn’t take so long. This Monday Google announced its partnership with the company Digital Asset, a startup business that seeks to deploy and deliver tools in regards to the construction of blockchain-based applications.

In this matter, the head of the Financial Services at Google, Leonard Law, declared that they are,

”delighted to innovate with Digital Asset in the distributed ledger space. DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”

In addition to this, another partnership was also announced with BlockApps, which is nothing less than another startup that seeks to aid the construction of DApps, so as it seems, no matter how late Google may be, they’re right on track to conquer the crypto world as well.

Conclusion

The possibilities of the latest announcements are enormous. For the one part, many of us may speculate about the creation of a ‘Google coin’, and this actually doesn’t sound that crazy considering the many uses that the search giant can give to this coin. On the other hand, no one knows better what we want than Google, so we could be speaking of the creation of blockchain-based projects that satisfy our deepest needs… A ‘Google wallet’ perhaps?

What Google is really attempting to do with this stills remains a question, for the moment we only have to wait and see how the giant will surprise us. Hold tight, stay tuned.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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