On September 29, 2023, Polygon Labs announced that Google Cloud had become a validator on the Polygon Proof of Stake (PoS) network.
The Polygon PoS Network, which was once known as the Matic Network and functions as a side-chain to the Ethereum blockchain, is now secured by more than 100 validators, according to a statement from Polygon.
According to Polygon, Polygon PoS is now partially powered by the same infrastructure that underpins YouTube and Gmail. Additionally, it described Google Cloud as a “high-quality, trusted, [and] security-minded” validator and claimed that this increases network security.
The project also included a link to a dashboard page showing that Google Cloud had invested up to 10,451 MATIC ($5,484) and has earned 29.42 MATIC ($15).
Google Cloud is one of the validators having the lowest number of MATIC staked, while being more well-known than any of Polygon’s other validators.
The value of Polygon’s MATIC token has been unaffected by the deal. While the crypto market has increased by 0.6% in the last day, MATIC has increased by 1.2%.
In April, Polygon and Google Cloud officially started working together. Both businesses stated at the time that the multi-year relationship would have many objectives.
According to the conditions of the cooperation, Google Cloud would support Polygon’s dedicated app-chain, offer managed Polygon node hosting to Google Cloud users, and contribute cloud services to Polygon’s zkEVM scaling solution.
Additionally, the agreement included $200,000 in Google Cloud investment for Polygon-supported businesses. Beyond that collaboration, Google Cloud has expanded its BigQuery datasets to support Polygon network data.
On September 21, the platform added that feature and enabled compatibility for a total of eleven different sets of blockchain data available. Although comprehensive, the collaboration between Polygon and Google Cloud is not original.
Similar validator alliances between Google Cloud and other blockchain networks have been established, including but not limited to Solana, Voltage, Ronin Network, Tezos, and Celo.
