A significant shift has taken place as Google Cloud becomes a validator and infrastructure provider for the Flare network, which contributes to the FTSO providing decentralized access to reliable data.
Google Cloud’s participation as a validator indicates its support for the security of Flare network and development. Furthermore, the company’s share in FTSO represents an argument about using quality and decentralized data for smart contract creation. As Flare’s co-founder Hugo Philion points out, “decentralized data is the future of smart contracts.”
However, the news was welcomed by a bullish market reaction as Flare’s token FLR rose more than 20% in value and above $70 million in terms of its market cap. This spike indicates investor confidence in Google Cloud’s potential involvement and the impact it can have on blockchain industries.
Additionally, the fact that Google Cloud has entered the blockchain infrastructure sector as one of its key points shows how close cloud services are to convergence with decentralized technologies. This partnership has the ability to spur more inventions and advancements in blockchain.
In general, Google Cloud joining Flare network is a big win for both of them and represents the important beginning in building a more decentralized open economy.
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