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Aug 29, 2022 09:39
Google invests in blockchain projects
IT giant Google and its parent company, Alphabet, have been active investors in the blockchain industry since September 2021. During this period, they invested in decentralized software development, a total of over $ 1.5 billion.
The most considerable amount of capital investment from Google and its parent structure attracted Fireblocks, a platform for storing digital currencies, Dapper Labs, a developer of Web3 applications and Voltage, a developer of the bitcoin infrastructure. As a result, Alphabet found itself among the top 40 corporations investing in the blockchain industry.
Earlier, from 2020 to 2021, Google was more skeptical about the prospects of the blockchain industry. Over almost two years, the corporation's investments in this sector have barely exceeded $600 million.
The growing interest in blockchain technology among large investors is increasing. Against this backdrop, Google, along with other giants, has invested more than $6 billion in the blockchain industry since September and to date. In addition to Google, the other major corporations, such as BlackRock, United Overseas Bank, Commonwealth Bank of Australia, BNY Mellon and others, are expanding their presence in this area.
Against such positive trends, the Henbbo cryptocurrency fund is actively developing its presence in the crypto markets of various regions. Over the past six months, it has allowed the company to increase the amount of attracted investment by $ 4.2 million.
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