Fantom (FTM) has integrated Google Cloud as a primary node validator for its Directed Acyclic Graph (DAG) protocol.
The Directed Acyclic Graph (DAG) protocol known as Fantom (FTM) has just announced that it has integrated Google Cloud as one of its primary node validators.
In addition to its role as a node validator in certifying Fantom transactions, the tech giant will also contribute to fostering innovation within Fantom. We should consider this matter carefully.
Fantom and Google Cloud: Beyond Node Validation
Through the implementation of this incentive program, FTM developers will be able to construct the next generation of decentralized applications that are based on the application protocol. In the realm of cryptocurrency-related businesses, Google Cloud is not a new-found dominant partner.
Although it maintains multiple relationships with Web3 companies, the majority of its offerings and assistance cater to individual needs. In the case of Fantom and Google Cloud, the DAG stated that it will use the latter’s “secure, scalable, and resilient infrastructure” in addition to the capabilities of its artificial intelligence (AI) to assist its developers.
Because of this access, FTM developers can now create “smart and safer products that engage users in more meaningful ways.” It should be brought to your attention that Google’s validator obligations will be carried out on the protocol’s Opera Network.
At a later time, Fantom intends to move Opera to their brand-new Sonic Network, which is compatible with EVM. Within the context of its journey toward change, Fantom cited its relationship with Google Cloud as a significant driving force in its journey toward change.
The existing relationship between the two companies, in which Google Cloud indexes Fantom’s data in BigQuery as part of its public datasets initiative, will serve as the foundation for the alliance. As a DAG protocol, Fantom is typically more scalable than its competitors in comparison to other protocols.
Despite this, it is hoping that by establishing a linkup with Google Cloud, it will be able to further extend its dominance and acquire a major portion of the market.
Fantom is still considered to be one of the most undervalued digital currency projects, despite the fact that it is one of the most capitalized digital currency projects now available on the market. The Google Cloud partnership could potentially change this.
Following the formation of this cooperation, the Fantom ecosystem as a whole will become more appealing in terms of performance and throughput. This, in turn, will attract a greater number of developers, a greater number of decentralized applications (DApps), and a greater number of enhanced users, all of which will create value and potentially strengthen the price of FTM.
Courting the FTM Evolution, Price Reaction
FTM is currently trading at $0.8231, representing a decrease of 0.83% over the course of the previous twenty-four hours. Importantly, this is a significant rebound price for the coin, which had dropped by more than 6% in just one day.
As interest starts to increase, we estimate the trade volume to be 39%, equivalent to $241,594,633. Fantom is currently repositioning itself in the smart contract market, and the entire Google Cloud collaboration is taking place at the same time.
Despite the launch of both Sonic Network and Sonic Labs and the strategic investment, the potential benefits of the cooperation remain substantial.