Yesterday Bloomberg reported that Google Labs has created a blockchain division. Separately, Google Pay announced a new leader. The payments division is “paying attention” to cryptocurrency, and its activities will follow demand.
Google Lab’s new unit focuses on “blockchain and other next-gen distributed computing and data storage technologies”. It’s led by Shivakumar Venkataraman, an engineering VP. Before moving across to Labs at the start of this month, he was VP of Ads on Search and Google Properties.
However, it’s worth bearing in mind that many Google Labs experiments don’t result in products. It’s also probably not lost on Google that Xoogler, a startup community of current and ex-Google employees, has a major focus on blockchain and NFTs.
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