Google Covertly Develops Blockchain Technology Projects, According to Cryptovest

Google has not been widely recognized as a notable investor in blockchain technology, but that perception is shifting. According to a report from NKB Group, a blockchain investment bank, and summarized by CB Insights, Google has now emerged as the second-largest investor in the blockchain sector.

Despite assertions from Alphabet, Google’s parent company, that it has not made any acquisitions in the blockchain space, information provided by NKB Group indicates that the tech giant has indeed invested in several blockchain companies, including Gyft, Blockchain, Buttercoin, and Veem.

There are speculations that Google may have plans to further engage with the blockchain industry.