Fantom (FTM) Onboards Google Cloud As Validator, Price Rally Incoming?

by

As a researcher with a background in blockchain technology and experience in analyzing partnerships between crypto projects and tech giants, I’m excited about Fantom (FTM) onboarding Google Cloud as one of its major node validators. Beyond the role of Google as a transaction validator, this partnership holds immense potential for incentivizing innovation on the Fantom network.

As a crypto investor, I’m excited to share that Fantom (FTM), the innovative DAG protocol, recently announced that Google Cloud has joined their ranks as a major node validator. This addition not only strengthens Fantom’s network but also brings in the technology giant’s expertise and reliability.

Fantom and Google Cloud: Beyond Node Validation

As an analyst, I’d like to point out that the involvement of the tech giant as a node validator for Fantom goes beyond just transaction validation. This role also serves to motivate and encourage innovation within the Fantom ecosystem. By implementing this incentivization program, Fantom developers will be well-positioned to develop cutting-edge decentralized applications (dApps) on the protocol.

Although Google Cloud doesn’t serve as a leading partner for crypto companies with its extensive collaborations with Web3 firms, it tailors solutions instead. For instance, Fantom’s partnership with Google Cloud will utilize the “robust, flexible, and dependable infrastructure” along with its advanced Artificial Intelligence (AI) features to assist their developer community.

As a researcher studying Fantom, I can tell you that with this new access, developers on the Fantom platform will have the ability to create “intelligent and safer products that connect users more deeply.” It’s important to mention that Google’s validator duties within the protocol will be executed on the Opera Network. In the future, Fantom intends to transition Opera to its Sonic Network, which is compatible with Ethereum Virtual Machine (EVM).

Fantom views its collaboration with Google Cloud as a significant step forward in its evolution process. Under this alliance, Google Cloud will expand upon their existing connection by incorporating Fantom’s data into BigQuery as part of its publicly accessible dataset initiative.

As a DAG-based protocol, I, Fantom, pride myself on being more scalable than most of my peers in the industry. But that’s not all I bring to the table. By forging a partnership with Google Cloud, I aim to push the boundaries even further and solidify my position as a leading player in the market.

Courting the FTM Evolution, Price Reaction

Despite being among the more capitalized digital currency initiatives currently available, Fantom remains relatively underappreciated in value. However, this could shift following the announcement of its collaboration with Google Cloud. This partnership is expected to significantly enhance the performance and throughput capabilities of the entire Fantom ecosystem.

As a researcher, I’d express it this way: I believe that by attracting more developers and the creation of additional DApps, we can boost Fantom’s value and usage. This, in turn, could potentially increase the coin’s price. Currently, Fantom is priced at $0.8231, representing a 0.83% decrease over the past 24 hours. It’s important to note that this is a significant recovery from an intraday drop of more than 6%. The trading volume stands at 39%, amounting to $241,594,633, indicating growing interest in the coin.

At the same time that Fantom is planning to shift its focus within the smart contract market, the entire Google Cloud collaboration holds great potential. With the introduction of Sonic Network, the establishment of Sonic Labs, and successful fundraising, the benefits of this partnership are promising.

Read More

2024-05-28 23:36