Cronos Labs Strengthens Google Cloud Partnership to Accelerate Cronos Ecosystem Growth

2024-11-09 18:36:54 Primitive Reading

From financemagnates

Cronos Labs, the blockchain startup accelerator focused on growing the Cronos blockchain ecosystem, today announced an expansion of its strategic partnership with Google Cloud.

With this collaboration, Google Cloud will serve as the primary cloud provider for Cronos and its ecosystem. The alliance with Google Cloud will also focus on four complementary pillars:

Onboarding of Google Cloud as a Cronos validator;
Technical innovation with Google Cloud to enhance Cronos's performance;
Increasing developer adoption of Cronos and Google Cloud at the intersection of AI and blockchain;
Value creation package for startups of the Cronos Accelerator program.

Ken Timsit, Managing Director at Cronos Labs, said: "The partnership with Google Cloud brings tangible value to end-users and developers in several ways. First, it enhances the security and reliability of the whole network. Second, it makes the Cronos Accelerator program even more appealing to startups. Finally, it opens the door to the creation of a new generation of innovative decentralized applications using Google Cloud's data processing, computing and AI capabilities."

Rishi Ramchandani, Head of Web3 APAC, Google Cloud, announced, "Google Cloud is strengthening its commitment to Web3 by joining the Cronos ecosystem as a validator node operator. Google Cloud will also collaborate with Cronos to provide developers with the resources they need to build the next generation of decentralized applications, leveraging Google Cloud's secure infrastructure, advanced AI capabilities, and powerful data analytics tools."

Onboarding of Google Cloud as a validator

Google Cloud is joining a pool of 32 validators on the open-source Cronos EVM protocol, contributing to the stability and security of the network. Nodes are crucial to the decentralized validation of transactions by producing or confirming new blocks every few seconds.

The addition of Google Cloud aligns with Cronos’ strategy of partnering with open-source contributors and validators known for their robust technical expertise. Contributors to the Cronos ecosystem include Crypto.com, Blockdaemon, Ubisoft, Exaion and other top-tier validators.

Technical innovation with Google Cloud to enhance Cronos's performance

Cronos Labs has used Google Cloud to create the infrastructure underpinning Cronos zkEVM, the Layer-2 blockchain network powered by ZK Chain technology. Leveraging the strengths of the existing Cronos EVM and Cronos POS networks, Cronos zkEVM expands the Cronos universe into Ethereum’s vibrant Layer 2 galaxy.

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