Decentralized finance (DeFi) protocol Injective (INJ) announced a step forward in bringing Web3 finance data to the mainstream by announcing its integration with Google Cloud BigQuery.
This development was announced in an official announcement by Injective.
According to the official announcement, this integration introduces Injective Nexus, a platform that enables core chain data from Injective to be shared with the wider world. This data will be accessible in BigQuery via Analytics Hub, Google Cloud's proprietary data sharing platform.
Cryptocurrency projects often publish announcements claiming to collaborate with Google Cloud, and these announcements bring about an increase in their prices. The majority of these developments, which are announced as collaborations, can actually be described as developments that do not have much meaning in the cryptocurrency market.
Following this partnership announcement, the INJ altcoin price also increased and differentiated positively from other altcoins. INJ price increased by 14.18% in the last 24 hours.
Injective Nexus claims to provide both developers and institutions with access to private data sets via the Injective network. As a result, Google Cloud customers and businesses will be able to use proprietary Injective datasets for a variety of use cases, including DeFi applications, machine learning, and building enterprise trading strategies.
*This is not investment advice.