Google’s Alphabet is Looking to get Involved in Web3 and Blockchain Tech

Google’s parent company, Alphabet Inc, may be considering joining the evolving blockchain and Web3 technology space. The company CEO, Sundar Pichai, recently disclosed that he has been observing both sectors and finds them interesting.

Alphabet Eyes Blockchain and Web3 Support

In a recent discussion on Bloomberg about blockchain – the technology fueling the crypto industry, the 49-year-old Indian CEO mentioned some notable companies that have already been tapping from the potential of blockchain and Web3; then he opined that Alphabet Inc could also be considering going in the same direction.

He went on to describe blockchain as an interesting and powerful technology that serves several applications.

In his words, “Any time there is innovation, I find it exciting. I think it’s something we want to support the best we can.” He concluded that “we are definitely looking at blockchain.”

Interestingly, this is not the first pro-crypto move Alphabet is making. Last year, the giant tech company invested $1 billion in CME (Chicago Mercantile Exchange) on a 10-year deal.

Aside from that, Google, one of the companies under Alphabet, has also made several notable forays into the crypto space.

Big Tech Company’s Interest in Web3

Web 3.0 is the new generation of the internet that is succeeding the current web 1.0 and web.2.0. It would be an internet built on decentralized blockchain technology. Currently, Giant social media like Meta (Facebook) is making extensive moves into the space.

Facebook’s parent company Meta has made a number of moves to deepen its compatibility with blockchain tech. Just recently, the company filed for a trademark in Brazil that contained the word Bitcoin —an indication of its growing interest in understanding the space and how it works.

On the other, Twitter’s interest in Web3 remains somehow unclear. While the social media giant’s former CEO, Jack Dorsey, is a vocal supporter of Bitcoin, he recently criticized Web 3 for the avalanche of funds from venture capitals entering into the industry.