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    Home»Press Release»Cronos Labs Expands Partnership with Google Cloud to Boost Blockchain Ecosystem Growth
    Press Release

    Cronos Labs Expands Partnership with Google Cloud to Boost Blockchain Ecosystem Growth

    Desmond BrooksBy Desmond BrooksNovember 29, 2024No Comments3 Mins Read
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    Cronos Labs Expands Partnership with Google Cloud to Boost Blockchain Ecosystem Growth
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    Cronos Labs, a blockchain startup accelerator focused on expanding the Cronos blockchain ecosystem, has announced an enhanced strategic partnership with Google Cloud, which will serve as the primary cloud provider for Cronos and its ecosystem. The collaboration aims to strengthen the infrastructure, improve developer adoption, and foster innovation within the Cronos ecosystem across four main pillars:

    Google Cloud as a Cronos Validator

    Google Cloud will join Cronos as a validator, contributing to network stability and security by managing a validator node on the Cronos EVM protocol. This aligns with Cronos’ strategy to partner with industry leaders and top-tier validators, including Crypto.com, Ubisoft, and Blockdaemon.

    Technical Advancements for Enhanced Performance

    With Google Cloud’s infrastructure, Cronos Labs has bolstered the performance of Cronos zkEVM, a Layer-2 blockchain powered by zero-knowledge technology. The system uses Google Kubernetes Engine (GKE) Autopilot, AlloyDB, and Compute Engine with NVIDIA L4 GPUs, creating a robust, scalable, and high-performance environment that supports zkSync for faster, efficient transactions.

    Encouraging Developer Adoption at the Intersection of AI and Blockchain

    Cronos Labs is leveraging Google Cloud’s AI capabilities to create new opportunities in the blockchain space. By integrating Cronos blockchain datasets into Google Cloud’s platform, developers can easily analyze blockchain data through BigQuery. This setup fosters innovative use cases such as enabling AI-driven queries on the blockchain, allowing end-users and AI agents to conduct transactions, and identifying trading opportunities by spotting trends in public blockchain data. The two companies will also co-host virtual hackathons to enable developers to gain practical experience with cutting-edge AI and blockchain technologies.

    Supporting Startups in the Cronos Accelerator Program

    The partnership extends to the Cronos Accelerator Program, providing startups with access to Google Cloud’s resources, training, and mentorship through the Google for Startups Cloud Program. This support package includes AI development resources and other benefits across Google’s product ecosystem, helping startups build and scale AI-driven Web3 applications within the Cronos ecosystem.

    About Cronos

    Cronos, a prominent blockchain ecosystem backed by partnerships with Crypto.com and over 500 developers, aims to promote safe and easy Web3 adoption, focusing on decentralized finance (DeFi) and gaming. With three key blockchain networks Cronos zkEVM, Cronos EVM, and Cronos POS the ecosystem supports diverse applications, from payments and NFTs to advanced DeFi solutions. Cronos currently ranks among the top 15 blockchain ecosystems globally, with more than $6 billion in user assets and over 150 million transactions settled. The native token, $CRO, serves as the primary currency for transaction fees on Cronos.

    Through its collaboration with Google Cloud, Cronos Labs aims to accelerate the growth and innovation of Web3, providing developers and startups with the resources to shape the future of decentralized applications.

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    Desmond Brooks

    Desmond Brooks is a skilled financial strategist with a keen eye for market analysis and trading opportunities. With a solid foundation in finance and a passion for economic trends, Desmond provides clear, actionable insights that help traders navigate the complexities of the market. He has contributed to several financial platforms, where his expertise in strategic planning and risk management has made him a trusted voice in the trading community.

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