May 29, 2024
Google Cloud and XPLA Network Forge Alliance to Propel Web3 Gaming Innovation
Latest Cryptocurrency News

Google Cloud and XPLA Network Forge Alliance to Propel Web3 Gaming Innovation

The most recent partnership aims to utilize the robust infrastructure of Google Cloud to boost the growth and innovation of web3 games.

Currently, the XPLA network is in the active voting phase for the official implementation of its volunteer validator system. The proposal has gained unanimous support, with all votes in favor at the time of this report.

Jack Buser, the General Director of Google Cloud Game Industry Solutions, expressed the aspiration to accelerate the progress and innovation of web3 games through the secure and high-performance Google Cloud infrastructure.

Operating on Tendermint, the backbone of the Cosmos network, and compatible with the Ethereum Virtual Machine, XPLA boasts a gaming portfolio featuring notable titles like “The Walking Dead: All-Stars,” “Summoner’s War: Chronicles,” and “Ace Fishing: Crew,” aligning with the emerging trend of “play-to-own” blockchain gaming.

This isn’t Google Cloud’s first foray into the blockchain space; the platform has previously served as a validator for networks such as Solana, Tezos, Aptos, Ethereum scaling network Polygon, and DeFi network Celo. Additionally, it has collaborated with Coinbase to facilitate cryptocurrency payments.

While the XPLA network’s adoption of volunteer validators is seen as a step towards a more transparent web3 ecosystem, it raises concerns within the blockchain community. Traditionally, validators receive direct token rewards for contributing to network stability and transaction verification. However, XPLA’s model differs by directing potential earnings to a community pool instead of individual validators.

This innovative approach prompts questions about the long-term motivation and reliability of validators in the absence of direct token incentives. The success of this model hinges on the voluntary participation of entities like Google Cloud and the effectiveness of the community pool in upholding network integrity and engaging participants.

Subsequent to the announcement, the XPLA token faced a downturn, experiencing a more than 7% decline in the last 24 hours and currently trading at 0.273, according to data from CoinMarketCap.

Image by Melk Hagelslag from Pixabay

Related posts

SEC May Deny Spot Ether ETFs Amid Global Progress

Harper Hall

Optimism OP Token Slides 10% Ahead of $30M Unlock

Eva Moore

MoonPay Launches Web3 Platform for Brands Like Gucci

Ashley Wilson

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please enter CoinGecko Free Api Key to get this plugin works.