February 02, 2022  SEONews
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Alphabet exploring launch of Web3 and blockchain-based products – Business Insider Nordic

  • Alphabet is exploring the integration of Web3 technology, CEO Sundar Pichai said in an earnings call Tuesday.
  • “As a company, we are looking at how we might contribute to the ecosystem and add value,” he said.
  • Alphabet’s stock rose 8% on Wednesday after posting solid fourth-quarter results that beat Wall Street estimates.

Google parent Alphabet for the first time publicly embraced Web3 technology on Tuesday, saying it’s weighing how to integrate the blockchain-based iteration of the internet.

“On Web3, we are definitely looking at blockchain and such an interesting and powerful technology with broad applications, so much broader again in any one application,” CEO Sundar Pichai said in Alphabet’s quarterly earnings call Tuesday.

“So as a company, we are looking at how we might contribute to the ecosystem and add value.”

Pichai didn’t offer any specific glimpses into how exactly the search-engine might make use of blockchains, but hinted at uses within its cloud services department….

Read Full Story: https://markets.businessinsider.com/news/currencies/alphabet-web3-blockchain-products-crypto-google-sundar-pichai-q4-earnings-2022-2

The post Alphabet exploring launch of Web3 and blockchain-based products – Business Insider Nordic first appeared on SEO, Marketing and Social News | OneSEOCompany.com.



source: https://news.oneseocompany.com/2022/02/02/alphabet-exploring-launch-of-web3-and-blockchain-based-products-business-insider-nordic_2022020213539.html

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