Google is adding new members to its Web3 team, which is deployed in the Asia Pacific (APAC) region. In the latest appointment, the tech major has recruited Rishi Ramchandani to lead his Web3 APAC team. The Indian-born techie previously worked at BlockFi, the digital asset lender that filed for bankruptcy in November this year. Ramchandani’s appointment was officially announced on Thursday, December 22. Despite the ongoing crypto crisis, Google is focusing on fine-tuning its global Web3 teams.
Ramchandani confirmed his appointment to Google’s Web3 team in a LinkedIn post after Mitesh Agarwal, the Managing Director – Google Cloud Customer, Partner Engineering and Web3 team, congratulated the newly appointed.
“Excited for the next step in my career! I look forward to expanding Google Cloud’s Web3 efforts in APAC and working with the great people there,” he wrote.
The search engine giant has been exploring opportunities to dive deeper into the crypto and Web3 sectors.
In October, Google and Coinbase announced plans for a strategic partnership that will allow select customers to pay for cloud services with crypto from early 2023.
At the time, Google Cloud CEO Thomas Kurian had said that Google wants to make building in Web3 faster and easier.
In fact, Alphabet, the parent company of Google, has invested a whopping $1.5 billion (approximately Rs. 11,910 crore) in the blockchain industry, an August Blockdata analysis revealed.
As for Ramchandani, the move marks a major milestone after he took the blow of the collapse of the FTX crypto exchange that shook up the overall crypto market and left his previous company BlockFi high and dry.
BlockFi had said at the time that the liquidity crisis was caused by its exposure to FTX through loans. In a lawsuit, BlockFi listed its assets and liabilities as being between $1 billion (approximately Rs. 8,170 crore) and $10 billion (approximately Rs. 81,700 crore).