Google’s APAC Web3 Team Gets Indian-Origin Rishi Ramchandani as Lead: Details


Google is focussing on finetuning its global Web3 teams despite the ongoing crypto slump.



The Web3 team, based in the Asia-Pacific (APAC) region, is growing at Google. The tech giant has recently appointed Rishi Ramchandani to head its Web3 APAC team. The tech professional with Indian ancestry previously worked for BlockFi, a lender for digital assets that filed for bankruptcy in November of this year. On December 22, Ramchandani's appointment was formally declared. Google is concentrating on perfecting its international Web3 teams in spite of the present crypto market collapse.

After receiving congratulations from Mitesh Agarwal, the Managing Director of Google Cloud Customer, Partner Engineering and Web3 team, Ramchandani announced his appointment to the Google Web3 team in a LinkedIn post.

"I'm eager to take my profession to the next level! I'm excited to expand Google Cloud's Web3 initiatives throughout APAC and working with the great people there,” he wrote.


The dominant search engine has been looking on ways to delve more deeply into the Web3 and cryptocurrency areas.


In October, Google and Coinbase unveiled their plans for a strategic alliance that would enable a small number of clients to pay for cloud services using cryptocurrencies starting in early 2023.

Thomas Kurian, the CEO of Google Cloud, has stated that Google wanted to make Web3 development quicker and simpler at the time.


According to a Blockdata research from back in August, Alphabet, the company that owns Google, has actually invested a staggering $1.5 billion (approximately Rs. 11,910 crore) in the blockchain sector.


For Ramchandani, the action represents a key turning point after he was dealt a blow by the failure of the FTX cryptocurrency exchange, which rocked the whole crypto industry market and left his previous company BlockFi high and dry.

At the time, BlockFi had claimed that its exposure to FTX through loans was what had led to the liquidity issue. BlockFi stated its assets and liabilities to be between $1 billion (approximately Rs. 8,170 crore) to $10 billion in a court filing (roughly Rs. 81,700 crore).






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