WEB3 / Google is adding new members to its Web3 team deployed in the Asia-Pacific region

Google is focusing on fine-tuning its global Web3 teams.

Google is adding new members to its Web3 team deployed in the Asia-Pacific (APAC) region. In a recent appointment, tech major Rishi Ramchandani has been roped in to lead its Web3 APAC team. The Indian-origin techie previously worked at BlockFi, a digital asset lender.

Rishi Ramchandani’s appointment was officially announced on Thursday, December 22.

After congratulating newly hired Rishi Ramchandani, Mitesh Agarwal, the Managing Director – Google Cloud Customer, Partner Engineering and Web3 team confirmed Ramchandani’s hiring to Google’s Web3 team in a LinkedIn post.

He wrote. “Excited for the next step in my career! I look forward to growing Google Cloud’s Web3 efforts in APAC and working with the great people there,”

Google is looking for opportunities to delve deeper into the crypto and Web3 fields.

In October, Google and Coinbase announced plans for a strategic partnership, which will allow select customers to pay for cloud services using crypto as early as 2023.

At the time, Thomas Kurian, CEO of Google Cloud, said that Google aims to make Web3 faster and easier.

In fact, Alphabet (parent of Google) has invested $1.5 billion (roughly Rs 11,910 crore) in the blockchain industry, a Blockchain analysis claimed in August.

As for Rishi Ramchandani, he said the move is a significant milestone after the FTX crypto exchange that shook up the overall crypto market and left his previous company BlockFi high and dry.

BlockFi said at the time that the liquidity crisis was caused by exposure to FTX through loans. In a court filing, BlockFi pegged its assets and liabilities at between $1 billion (roughly Rs. 8,170 crore) and $10 billion (roughly Rs. 81,700 crore).