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Multichain ordered to compensate Fantom Foundation $2.18M

FTM signals recovery as Fantom taps Google Cloud’s AI to boost developer activity

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Written on May 29, 2024
Reading time 2 minutes
  • Fantom has teamed up with Google Cloud in a strategic move.
  • Google Cloud’s advanced infrastructure will power dApps developments.
  • FTM price flashed bullish signs amid the news.

Fantom (FTM) confirmed that it collaborated with Google Clouds to introduce various initiatives to incentivize developers to create top-notch decentralized applications.

Fantom Foundation will leverage Google Cloud’s artificial intelligence capabilities and infrastructure to empower dApp developers.

Fantom’s announcement stated,

“We’ll use Google Cloud’s secure, scalable, and resilient infrastructure as well as its AI capabilities to help developers on Fantom build smarter, safer products that engage users in more meaningful ways.”

Google Clouds joins Fantom as a node validator

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Besides enhancing innovation within the ecosystem, Google Cloud will be among Fantom’s node validators, authenticating FTM transactions.

Meanwhile, the latest partnership will enable Fantom developers to create next-gen dApps on the blockchain.

Notably, Google Cloud will perform its validator roles on Fantom’s Opera Network. The crypto project plans to move Opera to the new Sonic Network later.

FTM’s current price action

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The altcoin displayed a recovery stance amid the news, gaining over 6% in the previous 24 hours to hover at $0.8387.

FTM 1D Chart on Coinmarketcap

Enthusiasts show interest in Fantom as the daily trading volume jumped to $216.41 million.

The Google Cloud alliance will likely boost Fantom, making the project attractive in throughput and performance.