Sundar Pichai weighs in on Web3, says he's 'looking at blockchain'

Pichai made his comments after Alphabet posted more than $20 billion in profit during the holiday quarter from its stable of web properties

Alphabet Inc. Chief Executive Officer Sundar Pichai made his first public comments on web3, saying he is watching the blockchain space and looking at how Google’s parent company can add value to development of the technology that’s being embraced by many of his Silicon Valley peers.

“Any time there is innovation, I find it exciting,” Pichai said on Tuesday in response to a question about the technology on Alphabet’s earnings call. “I think it’s something we want to support the best we can.”

Investors have plowed money into companies working on web3, a vision of the internet model built around