This week on Tezos: News & updates from the Tezos Ecosystem (25/02/2023)

Kushagar Konark

25 Feb 2023

blockchaintechnology
CleanNFT
Cryptocurrency

Welcome to “This week on Tezos” where we aggregate all the latest news and updates around the Tezos ecosystem and present it to you every week. Get all the information about the ecosystem at one place.

This week, we have several exciting developments and news items to share with the Tezos community

XTZ price update

Tezos (XTZ) has been making moves in the crypto market lately, standing out with its positive price gains while many other assets have remained stable. Over the last seven days, XTZ has seen an impressive 16.54% rally, surpassing major assets like Bitcoin, Ethereum, and Ripple. In fact, XTZ has been one of the top performers in the crypto space this year, with an overall gain of over 83% since the beginning of 2023.

While there are several factors driving XTZ’s price growth, one significant factor in recent days is the partnership between Tezos Foundation and cloud computing giant Google Cloud, which was announced on February 23.

Tezos <> Google Cloud partnership

Google Cloud will serve as a network validator on the Tezos blockchain as a result of a collaboration between Tezos and Google Cloud. With the news, users of the cloud computing company will be able to install Tezos nodes and create Web3 apps on the blockchain. This marks a major milestone for the Tezos blockchain.

By utilizing the Tezos blockchain and Google Cloud infrastructure, the collaboration will enable businesses and developers to host and implement Remote Procedure Call (RPC) nodes for Web3 apps.

Both new and current users of Google Cloud will have access to the organization’s workplace baking program thanks to the Tezos Foundation. Through the initiative, Tezos will make the deployment of nodes and indexers on the Tezos protocol simple for Google Cloud users interested in developing Web3 apps.

The partnership is also set to provide select Tezos incubator startups with Google Cloud credits and mentorship via the Google for Startups Cloud Program. This is a significant step toward achieving institutional adoption and mass-market opportunities for Web3 technology.

The collaboration comes after Google Cloud set up a special team for digital assets in January 2022 with the intention of promoting the development and expansion of the blockchain ecosystem. The team’s main goal was to help Google Cloud customers create, exchange, maintain, and introduce new products on blockchain-based networks.

Rarible supports NFTs from Tezos marketplaces

On Thursday, Rarible, a well-known non-fungible token (NFT) marketplace, announced that Tezos NFTs would now be supported on its aggregated marketplace. The action comes after Rarible recently declared that it would start aggregating listing from Polygon. Rarible’s aggregation utility will enable its users to buy Tezos-based NFTs from exchanges like Objkt, fxhash, Teia, and Versum.

According to Rarible co-founder Alexander Salnikov, the company decided to incorporate Tezos markets into its aggregation tool in an effort to attract fans who value sustainability as well as crypto-native artists. According to Salnikov, “Tezos is very popular among artist communities, among the exact community that Rarible started with” 

Tezos landed with the most crypto-native culture … it’s a carbon-neutral chain, it is decentralized, it is more or less one of the chains that achieved scalability and lower transaction costs without compromising decentralization” said the company in a press release.

The Tezos community embraced the announcement as it gave them easier access to a wider audience in Rarible’s network. When it comes to creator rewards, Rarible and Tezos value creators equally. In a press release, the company said that Rarible and all other Tezos marketplaces respect creator royalties.

That’s it for this week! We will be back next week with fresh news and updates around Tezos ecosystem, in our next edition of “This week on Tezos”