Liquid Stake with compassSOL for an 8.86% APY from staking, MEV + fees
Enjoy the freedom of liquid staking in Solana Defi while delegating your stake to the high performance Solana Compass validator. Stake or unstake at any time here, or with a Jupiter swap.
Benefit from our high staking returns and over 2 years experience operating a Solana validator, and receive additional yield from priority fees + MEV tips
Earn 7.1% APY staking with Solana Compass
Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 7.1% APY yield on your SOL, while supporting us to create new guides and tools. Learn more
Stake your SOL
- Click to connect your wallet
- Enter the amount you wish to stake
- Kick back and enjoy your returns
- Unstake from your wallet or our staking dashboard
Earn 7.1% APY staking with Solana Compass
Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 7.1% APY yield on your SOL, while supporting us to create new guides and tools.
Breakpoint 2023: Head in the Clouds: Google's Web3 Plans
Published on 2023-11-09
Google Cloud announces new Web3 developments with fresh data capabilities and managed blockchain services at Breakpoint 2023.
Summary
During Breakpoint 2023, James Tromans, Managing Director at Google Cloud’s Web3 division, laid out Google Cloud's current and future plans for advancing in the Web3 space. Tromans explained that the tech giant has been actively involved in the blockchain sphere for over five years, most notably by indexing blockchain data into Google's BigQuery service. The focus of his talk was on Google Cloud's commitment to integrating the vast possibilities of Web3 to provide accessible, practical solutions for developers and companies looking to innovate with blockchain technology. The dual announcements of Google Cloud's indexation of Solana blockchain data into BigQuery, along with the preview of Blockchain Node Engine for Solana, signals Google's active role in fostering growth within the developer community and supporting the broader adoption of blockchain applications.
Key Points:
Google Cloud's Web3 Journey
James Tromans shared that Google Cloud has been indexing blockchain data for the past five years, embedding it into Google Cloud BigQuery, a move that has facilitated access to blockchain data without the need for running a node. Tromans underlined that Google's presence at blockchain events such as Breakpoint and their engagement with the developer community show a growing commitment to the Web3 domain. This engagement is not merely opportunistic but is grounded in a desire to offer integrity-filled and community-friendly contributions that make sense for the wider technological ecosystem.
Solana Ecosystem Support
Tromans announced that Google Cloud has not only been supporting the Solana ecosystem through event participation but now also through technical infrastructure. He revealed that Google Cloud has been running a validator for the Solana network, which served as a learning experience and paved the way for new product offerings. Choosing Brazil for setting up their validator node emphasized Google's strategy to enter underrepresented markets with needed infrastructure.
Google Cloud's Product Developments
A centerpiece of the announcements were two new product offerings. First, the integration of Solana data into Google Cloud BigQuery, making it easier for developers to query and leverage real-time data for innovative purposes. The second announcement was about Blockchain Node Engine, a fully managed service that enables the deployment of Solana non-voting RPC nodes across Google Cloud's infrastructure, simplifying the process and management for developers.
Incentivizing Startups and Developers
Tromans emphasized the recently launched Web3-specific start-up program, which provides up to $200,000 in Google Cloud credits to help nurture new projects and innovations. The program offers extensive support, including access to Google's partner services, and actively seeks to include diverse organizations to the Web3 development scene.
Facts + Figures
- Google Cloud has been indexing blockchain data for more than five years.
- This data has been incorporated into Google Cloud BigQuery to assist those who wish not to run their own nodes.
- Google Cloud has been running a validator on the Solana network, being the first in Brazil.
- The announcement detailed the indexation of Solana blockchain data into Google Cloud BigQuery.
- Google Cloud unveiled Blockchain Node Engine for Solana, allowing easy node deployment.
- Up to $200,000 in credits are provided to startups as part of Google Cloud's startup program.
- The startup program includes a straightforward application process and eligibility for pre-series A companies with less than $4,000 in credits used previously.
- Google's infrastructure includes more than 100 zones and 26 undersea cables.
- Google Cloud has been operational for at least a dozen blockchain networks, although not for revenue purposes but to contribute to network security and learn from the experience.
Top quotes
- "I've been working at Google Cloud for the past four and a half years. But of that journey, I've spent about two years trying to lead our product engineering strategy and operations teams towards a common goal around what can Google Cloud do in the Web3 space."
- "We've been indexing blockchain data for over five years. We've been putting that blockchain data into Google Cloud BigQuery."
- "We were the first validator in Brazil."
- "Our thesis overall is: How do we take the millions of developers that are already on GCP today and bring them to the Solano ecosystem or the blockchain ecosystem as a whole?"
- "We're storing it once. You don't have to store that data. You just get billed whenever you touch it to query it when you're doing something interesting with the data."
- "By running the Solana validator, you can imagine that the act of doing that informed us on how to run and build our first-party product inside blockchain, node engine."
- "We're in a fairly unique position to help grow the developer ecosystem by not only making these products and capabilities accessible to more people, but we can also help educate the enterprises that we work with."
- "We see the value in the technology. But the technology is only valuable when it's being applied to solve problems that are actually real and problems that people actually have."
Questions Answered
What is Google Cloud's Web3 strategy?
Google Cloud aims to integrate Web3 technologies to broaden its service offerings and appeal. This strategy includes indexing blockchain data and simplifying blockchain technologies' access and manageability. These efforts are designed to bring millions of existing GCP developers into the blockchain ecosystem and assist in applying blockchain solutions to real-world problems.
How is Google Cloud supporting the Solana ecosystem?
Google Cloud is supporting Solana both through running a validator node, which contributes to network security and infrastructure, and through the release of Blockchain Node Engine, which makes it easy for developers to deploy and manage Solana nodes.
What is Google Cloud offering to startups interested in Web3?
For startups diving into Web3, Google Cloud presents up to $200,000 in credits under its startup program, providing financial and technical assistance, enhancing their ability to innovate, and scale their blockchain initiatives on GCP.
How does the BigQuery service benefit blockchain developers?
With Google Cloud BigQuery, developers can effortlessly access indexed blockchain data without the complexity of running and managing their own nodes. This service simplifies the process of querying blockchain data, which can be instrumental in various applications, from analytics to developing new blockchain-based products.
How technical does a user need to be to deploy a Solana node on Google Cloud?
Deploying a Solana node using Google's Blockchain Node Engine is designed to be straightforward and does not require deep technical expertise in DevOps or site reliability engineering; it is fully managed by Google engineers. This significantly lowers the bar for users wanting to build and experiment with Solana's blockchain technology.
On this page
Related Content
Breakpoint 2023: Winners of the Hyperdrive Hackathon
The Solana Foundation announces the winners of the Hyperdrive Hackathon, highlighting innovative blockchain projects.
Breakpoint 2023: Introducing the New Web3.js
Steven Luscher presents the new Web3.js with enhanced features and performance improvements.
Breakpoint 2023: Widening the Design Space of AMMs with Solana
Joe Corey discusses innovative mechanisms for AMMs leveraging Solana’s high-performance blockchain
Breakpoint 2023 Recap - Day 3
The video discusses the potential of Web3 gaming and its economic impact through Solana's blockchain technology.
Breakpoint 2023: Finding Utility for NFTs
An in-depth look into the expanding utility and application of NFTs in Web3.
Breakpoint 2023: The Future of Finance and Blockchains with Visa
Experts from Visa and Worldpay discuss the advancement of finance using blockchains.
Breakpoint 2023: Web3 Music
A panel discussion on the future and current state of Web3 music with industry pioneers and an independent artist.
Breakpoint 2023 Highlights
An overview of Solana's achievements and the future of decentralized networks presented at Breakpoint 2023.
Breakpoint 2023: TradFi on Chain
A discussion on the convergence of traditional finance and blockchain technology featuring insights from industry experts at Breakpoint 2023.
Breakpoint 2023: Solana Foundation Kick-off Highlights
An overview of notable announcements and sessions during the Solana Foundation event, Breakpoint 2023.
Breakpoint 2023: Web3 Social Won't Sell You Socks
An exploration of what Web3 social platforms offer beyond traditional economic models.
Breakpoint 2023: Closing Remarks
A heartfelt closure to Breakpoint 2023 emphasizing community contribution and project growth.
Breakpoint 2023: Gaming in Web3 Panel
Leaders in the Web3 gaming space discuss the challenges and opportunities within the industry.
Breakpoint 2023: The Global State Machine
Breakpoint 2023 provides insight into the advancements and future of the Solana Blockchain and its ecosystem.
Breakpoint 2023: Creator Economy on Solana
Exploring the rising creator economy on Solana with a focus on on-chain monetization and relationships.
- Our Validator
- Borrow / Lend
- Liquidity Pools
- Token Swaps & Trading
- Yield Farming
- Solana Explained
- Is Solana an Ethereum killer?
- Transaction Fees
- Why Is Solana Going Up?
- Solana's History
- What makes Solana Unique?
- What Is Solana?
- How To Buy Solana
- Solana's Best Projects: Dapps, Defi & NFTs
- Choosing The Best Solana Validator
- Staking Rewards Calculator
- Liquid Staking
- Can You Mine Solana?
- Solana Staking Pools
- Staking On Solana
- How To Unstake Solana
- How To Unstake Solana
- How validators earn
- Best Wallets For Solana