Google Cloud has finally lifted the veil on its own L1 blockchain GCUL and has opened a waiting list. This is not a small-scale event; Google is positioning itself as a 'neutral infrastructure for finance' and aims to create a 'native commercial bank currency on the blockchain,' showcasing its grand ambitions.

The shock of this news is comparable to yesterday's announcement by the U.S. Department of Commerce regarding the use of blockchain to release GDP data. The fact that tech giants and government entities are rushing into the space indicates that the credibility and importance of blockchain as a foundational technology have received the highest level of recognition.

For the market, this means that there will be more compliant and powerful players entering the arena, bringing a massive influx of users and capital. Although GCUL is still in its early stages, it points to a direction: the future blockchain wars will be battles among the giants.