Research Summary
The report discusses the partnership between Google Cloud and RSS3, a web3 initiative, where Google is running a node on the RSS3 Network. The collaboration is expected to boost the AI sector, with RSS3 and NEAR Protocol playing significant roles. The report also highlights the surge in Beta Mainnet activity and anticipates further growth.
Key Takeaways
Google’s Involvement in RSS3
- Google’s Node Operation: Google Cloud is now operating a node on the RSS3 Network, marking a significant milestone in the web3 initiative. This move signifies Google’s commitment to indexing and structuring on-chain data into accessible formats, leveraging its expertise in data organization.
- Google’s Role in AI Development: Google is one of the leading tech companies at the forefront of AI development. Its involvement in running the first-ever Node in crypto indicates its commitment to the AI sector.
RSS3’s Growth and Future Prospects
- Surge in Beta Mainnet Activity: RSS3 has seen a significant increase in Beta Mainnet activity, with a rise of +25,112% and over 70k accounts on their Mainnet. This surge is attributed to Google Cloud’s addition during the Beta Mainnet Phase.
- Future Growth Expectations: The report anticipates further growth in the number of unique accounts on Mainnet, especially with the onset of the bull market. The author also expresses confidence in the AI sector’s potential to benefit significantly from this growth.
NEAR Protocol’s Role in AI
- NEAR Protocol’s Early Involvement in AI: NEAR Protocol is one of the first entities to write about AI before it became mainstream. The founder published a paper on his early research in AI, indicating the protocol’s potential to lead in the AI field.
- NEAR Protocol’s Access to Resources: With its partnership with Google and RSS3, NEAR Protocol has access to significant resources, positioning it as a leading ecosystem in the AI sector.
Actionable Insights
- Monitor the Growth of RSS3: Given the surge in Beta Mainnet activity and the anticipation of further growth, it would be beneficial to keep a close eye on RSS3’s progress and developments.
- Understand the Impact of Google’s Involvement: Google’s operation of a node on the RSS3 Network is a significant development. Understanding the implications of this involvement could provide insights into the future of the AI sector and web3 initiatives.
- Explore NEAR Protocol’s Role in AI: NEAR Protocol’s early involvement in AI and its access to significant resources position it as a potential leader in the AI sector. Exploring its role and contributions could provide valuable insights into the AI market.
