Google hires former BlockFi Crypto head for Web3

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(Bloomberg) — A former executive at struggling crypto lender BlockFi has accepted a position at Alphabet Inc.’s Google to work on Web3.

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Rishi Ramchandani, who was BlockFis Vice President for Asia from June 2020 to this month, is joining Google as APAC Web3 Manager, according to his LinkedIn profile as well as a post on Mitesh’s social media site. Agarwal, a managing director at Google focusing on its cloud services customers, partner engineering, and a Web3-related effort.

Google Cloud aims to enable the Web3 ecosystem that encompasses companies looking to build new web uses and applications on blockchain technology by supporting the development, transactions, storage and deployment of new products, a gatekeeper said. -speech by e-mail last month. Its clients include major cryptocurrencies and Web3-related outfits, including Coinbase Global Inc., Dapper Labs Inc., Sky Mavis Inc., Nansen and Hedera, the spokesperson said.

BlockFi filed for bankruptcy last month after the rapid collapse of the Sam Bankman-Frieds empire, including exchange FTX and trading store Alameda Research. He sold about $239 million worth of crypto and warned nearly 250 workers that they would lose their jobs before this event. A BlockFi attorney said it will try to collect approximately $680 million owed to it by part of the failed Bankman-Frieds crypto universe.

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