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Solana SOL price spiked after unveiling Google partnership

Solana SOL price spiked after unveiling Google partnership

Google’s cloud computing services division will also bring its Blockchain Node Engine to Solana beginning in 2023.

Google’s cloud computing division Google Cloud announced on Saturday that it’s now running a validator on the Solana blockchain, and will soon add features aimed at welcoming Solana developers and node runners.

The SOL native token for Solana surged about 15% after Google Cloud tagged the blockchain’s co-founder in a tweet that suggested an important disclosure was in the offing.

Google Cloud also announced it’s now indexing Solana data and adding it to its BigQuery data warehouse, a move that will “make it easier for the Solana developer ecosystem to access historical data.” The feature will launch in the first quarter of 2023, Mittal said.

Mittal added that Google Cloud is bringing its credits program to “select startups in the Solana ecosystem” with up to $100,000 in Cloud Credits available for applicants.

While such a vague yet market-moving disclosure might not technically run afoul of financial regulations, it does raise the question of whether it’s OK to pump up the price of an asset with security-like qualities in this manner.

Solana, which has so far not lived up to the hype that it’s an industrial-grade blockchain well-suited for modern finance, is undergoing an infrastructure overhaul overseen by Jump Crypto.

Google made 4 big announcements!! Google will:

  1. Run a Solana Validator Node
  2. Help users run an Ethereum or Solana Node using Blockchain Node Engine
  3. Add Solana to Big Query to make it easier for the Solana developer ecosystem to access historical data.
  4. Accept crypto payments via Coinbase Commerce

 

Written by CoinHirek

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