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Google Cloud–Flare Network Revolutionary Collab: FLR Up by 22.20% in 24 Hours

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Tech giant Google Cloud has surprised the crypto world again by stepping into the role of validator and infrastructure provider for the innovative Flare Network. This partnership marks a significant step forward for both companies, highlighting the growing mainstream adoption of blockchain technology. Flare recently informed in the collaboration through its X-post dated 15 Jan 2023.

Flare X-post

Flare Network, dubbed the “blockchain for data,” focuses on connecting blockchains with real-world data through its Oracle system. By joining Flare’s initiative to onboard 100 key organizations, Google Cloud will play a crucial part in strengthening the network’s Time Series Oracle (FTSO), ensuring high-quality data feeds for developers.

This move aligns with Google’s increasing interest in the blockchain space, demonstrated by earlier collaborations with Polygon Network and other crypto projects. For Flare, it’s a major coup, adding the renowned data prowess of Google Cloud to its arsenal. The announcement sent Flare Network’s native token, FLR, soaring over 22.20% in the past 24 hours and 31% in the past month, reflecting market confidence in the partnership’s potential.

Flare Price Chart
Source: CoinMarketCap

The implications of this collaboration are multi-faceted. Developers building on Flare will now have access to Google Cloud’s vast data resources, unlocking possibilities for novel blockchain applications with real-world utility. This paves the way for advancements in decentralized finance (DeFi), data sharing, and machine learning integration with blockchain.

Furthermore, the Google Cloud-Flare partnership adds yet another brick to the wall of mainstream adoption of blockchain technology. Tech giants recognizing the value and potential of this transformative technology is a pivotal moment for the entire industry. This trend is likely to accelerate, with more collaborations and integrations emerging between traditional tech players and cutting-edge blockchain projects.

The future of both Google Cloud and Flare Network and indeed the broader blockchain landscape, appears intertwined. This latest collaboration clearly indicates that the future of data and technology is increasingly decentralized and driven by blockchain innovation. The coming months and years will be crucial in witnessing how this partnership unfolds and shapes the trajectory of both industries.

 

Also See: Ripple Vs. SEC: A $3 Billion Showdown Looms as Judge Eyes ODL Sales


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