Post
Topic
Board Economics
Topic OP
Google leads corporate blockchain investment race
by
vEmpire.dDAO
on 18/08/2022, 13:52:00 UTC
 Grin
Google may be the biggest tech giant in the world, but when it comes to blockchain and cryptocurrency, they're not afraid to open up their wallets and show some serious love.

According to a new report from Blockdata, Alphabet (Google's parent company) poured a whopping $1.5 billion into the blockchain industry between September 2021 and June 2022. That's more than any other public company during that time period.

So what does Google see in blockchain that has them throwing all that money around? Maybe they're finally ready to take crypto seriously? Or maybe they're just trying to stay ahead of the curve and be on the cutting edge of this new technology? This is a serious commitment to the space, and it's good to see that Google is finally taking blockchain technology seriously. With their deep pockets and expansive reach, they could really help take the industry to the next level.

The corporate world's sudden interest in blockchain technology is quite amusing. It's like they've just discovered fire. Or the internet. Among the top 40 companies, a total of $6 billion has been invested into blockchain technology in the past year. This is compared to a measly $1.9 billion between Jan 2021 and Sep 2021, and $506 million in 2020. The companies like BlackRock and Morgan Stanley are leading the charge, with investments totaling $1.17 billion and $1.11 billion respectively. Even Samsung, an electronics company, has invested $979.2 million. It's good to see that these companies are finally catching up to the times and investing in something that is clearly the future. But it does make you wonder what took them so long.

Hope this was helpful to some of yall!  Roll Eyes Shocked