Alphabet, a multinational technology company, strengthened the Google for Startups Cloud Program.
The Web3 startup program offered by Google Cloud has expanded to include eleven blockchain firms. These firms are Alchemy, Aptos, Base, Celo, Flow, Hedera, Nansen, Near, Polygon, Solana, and Thirdweb, as of April 25.
On the same day, Nansen, a blockchain analytics firm, announced its partnership with Google Cloud. This collaboration aims to equip entrepreneurs with real-time blockchain data that can help them make informed decisions. At present, the database of the company comprises more than 250 million wallet labels.
Google Cloud has two product portfolios specifically designed for Web3 startups, categorized based on their funding status. Early-stage companies that still need to secure funding can obtain up to $2,000 worth of Google Cloud credits, which remain valid for two years. In addition to this, they also get exclusive access to Google-hosted events like Consensus, Paris Blockchain Week, and TOKEN2049 Singapore.
The benefits for seeded enterprises include $200,000 over two years for Google Cloud and Firebase usage, $12,000 in Google Cloud Enhanced Support credits, and 12 months of free Google Workspace Business Plus. In addition, Web3 initiatives, such as Aptos, Celo, Flow, HBAR Foundation, Near, and Solana Foundation, would provide grants of up to $1 million in fiat currency or tokens to these businesses.
Polygon Ventures offers up to $3 million in funding to seed-stage companies. The Base Ecosystem Fund will provide entrepreneurs with priority evaluations, and Coinbase Ventures will introduce them to its listing teams and applicable venture capitalists. Other benefits include up to $10,000 in Alchemy credits, VIP support, and gas-free contract deployment with Thirdweb.
According to Alex Svanevik, the co-founder and CEO of Nansen, the partnership with Google Cloud has enabled their platform to offer real-time intelligence, which helps to level the playing field in cryptocurrency.