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Google is building a web3-focused team

Google is reportedly putting together a web3 team that will build services for developers running blockchain applications, according to CNBC. In an email sent to employees Friday, Google Cloud vice president Amit Zavery said that while Web3 was still in its early stages, the market “is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto related technologies,” per the report. The company is looking to be the number one choice for developers …

Former Google CEO calls idea of a more decentralized Web ‘very powerful’

Former Google CEO and chairman Eric Schmidt said he’s interested in Web3, having also invested some money in cryptocurrencies.  The billionaire technologist told CNBC that the idea of a more decentralized model of the internet is “very seductive” and “very powerful.” Schmidt spent nearly two decades at Google and its parent company Alphabet, serving different roles, before leaving in 2020. Last December, he joined Chainlink Labs — the developer behind blockchain oracle solution provider Chainlink — as a strategic advisor. …

YouTube is hiring for director to lead Web3 push

YouTube has kicked off the hiring process for a director of Web3 product management.  Setting out its stall for a push into the metaverse, the job advert says it is looking for someone to “define, communicate, and execute the vision, strategy, and roadmap for Web3 at YouTube.” The job advert, posted on LinkedIn, asks for 15 years in product management, as well as experience in “Internet consumer products and/or crypto.” Under “preferred qualifications” it lists “experience buying, owning, and trading …

YouTube sees ‘incredible potential’ in Web3, NFTs and blockchain tech

The online media giant YouTube shared in a Thursday blog post which sported a positive view of Web3 technology like blockchain and non-fungible tokens (NFTs) for content creators.  “Web3 opens up new opportunities for creators. We believe new technologies like blockchain and NFTs can allow creators to build deeper relationships with their fans. Together, they’ll be able to collaborate on new projects and make money in ways not previously possible,” YouTube’s Chief Product Officer Neal Mohan wrote in the post.  …

Dev builds tool that lets you auto-block NFT people on Twitter

The hatred on NFTs continues. Since Twitter brought out hexagon-shaped profile pictures for anyone who wants to prove that they own the NFT they have displayed as their profile picture, it has fueled the fire of those disgruntled with the non-fungible tokens. It’s an ongoing battle, with gamers and some tech-enthusiasts on one side mocking the “funge” of NFTs and crypto enthusiasts maintaining their belief in the technology on the other. But now a developer, who goes by mcclure on …

Google exec says company will ‘evolve’ with user, merchant demand for crypto payments

Google is shuffling the proverbial deck on the payments front, tapping a former PayPal executive to lead that division and, as Bloomberg reports it, “set a new course.” The move to hire former PayPal senior vice president and chief product architect Arnold Goldberg comes months after Google discontinued efforts to form a service akin to digital banking, according to Bloomberg. Bill Ready, Google’s president of commerce, told the publication that the tech giant wants to broaden the scope of its …

Hacked cloud accounts are being used to mine crypto, says Google

A report released this week by Google indicates that a majority of recently attacked accounts on its Google Cloud Platform service were used to mine cryptocurrency. The Threat Horizons report for November stated that “[m]alicious actors were observed performing cryptocurrency mining within compromised Cloud instances.” “Of 50 recently compromised GCP instances, 86% of the compromised Google Cloud instances were used to perform cryptocurrency mining, a cloud resource-intensive for-profit activity, which typically consumed CPU/GPU resources, or in cases of Chia mining, …