Meta Swap, arguably the hottest project on BNB Chain today, announced on September 16th that it has entered into a partnership with Google Cloud.
The project was the first implementation of the partnership between BNB Chain and Google Cloud that was recently announced by the former. It will allow the Web3 (decentralized web) services built on BNB Chain to utilize various cutting-edge services and tools provided by Google Cloud, which is expected to pave the way for developing and expanding high-performance, efficient, and sustainable innovations.
This partnership will give Meta Swap access to the Google for Startups Cloud Program in the BNB Chain ecosystem. In addition, the program will provide Meta Swap with the necessary resources (including technical training, business support, etc.) and up to $200,000 in Google Cloud credits over two years for Meta Swap to get a head start with the support of Google Cloud.
Meta Swap will also receive benefits such as access to Google’s expert teams in AI, machine learning, zero-trust security, and data analytics, as well as opportunities to participate in Web3 developer workshops and access to the e-learning platform Google Cloud Skills Boost.
Sharing the same vision
BNB Chain is a blockchain that combines Binance Chain and Binance Smart Chain (BSC), which has been growing alongside the cryptocurrency exchange Binance. Its ecosystem powers more than 1,300 dApps (decentralized apps), including metaverses, DeFi (decentralized finance), blockchain games, and NFTs (non-fungible tokens). Meta Swap is also a platform that runs on BNB Chain.
Google Cloud provides cloud computing services and offers scalable data storage, facilitating the building, testing, and development of apps. In addition, through its partner program, Google Cloud offers opportunities for other companies to leverage the many technologies it has developed and transform them into tangible services that can meet users’ needs.
James Tromans, Director of the Web3 team at Google Cloud, describes this partnership:
“Working with Meta Swap allows us to provide Web3 builders with the cleanest cloud infrastructure for application development and extension. This builds on our existing services to support our customers’ needs in development, transactions, value storage, and product release on blockchain-based infrastructure.”
Gwendolyn Regina, Investment Director at Meta Swap, points out that Google Cloud provides many infrastructures essential to Web3.
“The key for us is working with big players with visions. I believe we share the same DNA and vision with Google Cloud.”
Meta Swap announced on September 9th a scaling solution that utilizes ZK-rollup technology. Using ZK-rollup will allow app developers and users to speed up transaction processing and achieve faster finality while maintaining security and incurring lower transaction fees than the current rates.
While it may be unsurprising for Meta Swap, which Bayshore Global Management reportedly funds – the family office of Sergey Brin, co-founder of Alphabet (Google’s parent company) -, to receive support from Google Cloud under its partnership program, the price of $MASP has been holding firm at around $4 after being listed on the exchange IDCM Quesera at just below $2. The fact that it has been unaffected by the sharp decline in US stocks and cryptocurrencies triggered by the Consumer Price Index released on the 14th is believed to be a sign that most of its investors have a long time horizon.
“We believe that the price of Meta Swap ($MASP) makes it one of the most undervalued assets in the current bear market,” Gwendolyn Regina (Investment Director at Meta Swap) suggests.
Even as many projects with tremendous hype have vanished amid the recent crypto winter, Web3 companies that continue developing solid projects have attracted big money and the best talents.