Google Cloud becomes a key node validator for Fantom (FTM)
Fantom partners with Google Cloud as a key node validator to boost DApp development.
Google Cloud’s infrastructure and AI capabilities will enhance Fantom’s ecosystem.
FTM price shows little reaction despite the trading volume surging by 34%.
Fantom (FTM) has partnered with Google Cloud, which will now serve as a key node validator for the platform.
The collaboration is set to enhance the development and performance of smart decentralized applications (DApps) on Fantom, leveraging Google Cloud’s robust infrastructure and artificial intelligence (AI) capabilities.
This partnership builds on an existing relationship where Google Cloud indexes Fantom’s data in BigQuery as part of its public datasets program. By deepening this collaboration, Fantom aims to capitalize on its Directed Acyclic Graph (DAG) protocol’s scalability and secure a larger market share.
Incentivizing innovation in the Fantom (FTM) ecosystem
Beyond validating transactions, Google Cloud will play a crucial role in incentivizing innovation within the Fantom ecosystem.
The partnership is designed to empower developers to create the next generation of secure and engaging DApps.
Google Cloud’s infrastructure is renowned for its scalability, security, and resilience, making it an ideal backbone for Fantom’s ambitious plans.
Validator role to eventually transition to Sonic Network
While Google Cloud will handle validator responsibilities on Fantom’s Opera Network following this partnership, there are plans to transition these duties to the new Sonic Network, which is compatible with the Ethereum Virtual Machine (EVM).
This shift is part of Fantom’s broader strategy to pivot in the smart contract space, enhancing its ecosystem’s performance and developer appeal.
Fantom price jumps on the news
While the partnership announcement has had a little impact on the price of Fantom (FTM), the trading volume has surged by 34% to $239,543,832, indicating growing interest and optimism among investors.
As the partnership unfolds, the entire Fantom ecosystem is expected to benefit from improved performance and increased developer engagement, potentially driving FTM’s price higher.
The strategic alliance with Google Cloud marks a significant milestone in Fantom’s journey towards becoming a leading platform for smart DApps and decentralized innovations.
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