Google is adding new members to its Web3 team to serve in the Asia Pacific (APAC) region. In the most recent appointment, the tech major signed Rishi Ramchandani to lead his Web3 APAC team. The Indian-origin techie previously worked at BlockFi, the digital asset lender that filed for bankruptcy in November this year. Ramchandani’s appointment was formally announced on Thursday, December 22nd. Despite the ongoing crypto slump, Google is focused on fine-tuning its global Web3 teams.
Ramchandani confirmed his hiring Google’s Web3 team in a LinkedIn post after Mitesh Agarwal, Managing Director – Google Cloud Customer, Partner Engineering and Web3 Team, congratulated the newcomer.
“Excited for the next step in my career! I look forward to growing Google Clouds Web3 efforts in APAC and working with the amazing people there,” he wrote.
The search engine giant has been exploring ways to delve deeper into the topic crypto and Web3 sectors.
In October, Google and Coinbase revealed plans for a strategic partnership that would allow select customers to pay for cloud services with crypto beginning in early 2023.
That’s what Thomas Kurian, CEO of Google Cloud, said at the time Google aims to make buildings Web3 faster and easier.
Actually, alphabetthe parent company of Google, has invested a whopping 1.5 billion US dollars (approx. 11,910 billion rupees) in the blockchain industry, a block data analysis complained in August.
As for Ramchandani, the move marks a significant milestone after suffering the blow of collapse FTX crypto exchange which shook the entire crypto market and left its previous company BlockFi dry.
BlockFi had said at the time that the liquidity crunch was caused by its exposure to FTX via loans. In a court filing, BlockFi listed its assets and liabilities range from US$1 billion (approx. Rs.8,170 crore) to US$10 billion (approx. Rs.81,700 crore).
