Google Cloud Joins Flare Blockchain as Validator

Google Cloud Joins Flare Blockchain as Validator

Google Cloud, a cloud computing platform owned by tech giant Google (GOOGL), has recently joined the Flare blockchain as a validator and infrastructure provider.

This collaboration marks a significant milestone for Flare, which positions itself as “the blockchain for data“. It offers developers access to decentralized data through its Oracle system.

As a reminder, an Oracle is an entity that connects on-chain data to external systems. This allows smart contracts to react to information and events from the real world.

Infrastructure providers like Google Cloud are vital in this ecosystem as they provide reliable and high-quality data. This contribution provides developers with an environment more conducive to creating efficient on-chain systems.

The Impact of this Announcement on Flare’s FLR Token

Following this announcement, Flare’s native token, FLR, with a market capitalization of around $600 million and a price of approximately $0.019, experienced an increase of over 11% within an hour before slightly retracing.

This partnership with Google Cloud, an entity that offers access to a substantial volume of data, is a significant milestone for Flare and can only be beneficial for its future development.