Google's cloud unit is reportedly forming a new team to build services for developers running blockchain applications, according to CNBC.

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In an email sent to employees Friday, Amit Zavery, a vice president at Google Cloud, said while Web3 is 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.”

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Zavery later told CNBC in an interview that Google is looking to become the number one choice for developers in the Web3 space but has no intentions to “​​be part of that cryptocurrency wave directly.”

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The new team will operate under Google’s cloud computing unit and focus on offering back-end services to developers interested in building their own Web3 software.

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This isn’t the first time the company has shown interest in Web3. Iin January, the company announced a Digital Assets Team and shared it will look into ways to enable Google Cloud customers to make and receive payments using cryptocurrencies.

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