- Amazon has chosen Avalanche to provide scalable blockchain solutions to businesses and governments.
- AWS now fully supports Avalanche’s infrastructure and dApp ecosystem, including node deployment.
- After the announcement of the association between Avalanche and Amazon AVAX had a growth of 30.78%, going from $12.45 dollars to $16.27.
The adoption of cryptocurrencies is real and systematic. New users are added every day and companies are also getting closer to knowing the “future” and what happened between the Avalanche blockchain and the e-commerce giant Amazon is one more example that this may be the path in the short, long and medium term.
As announcedeither Ava Labsthe developer of the Avalanche network, will offer crypto infrastructure through Amazon Web Services (AWS) with the main goal of accelerating “enterprise, institutional and government adoption of blockchain.”
This service from the American giant built by Jeff Bezos, born in 2006, “provides APIs and on-demand cloud computing platforms to individuals, businesses, and governments”. In this way, any company or organization could connect with the laboratory.
“At AWS, our goal is to bring the latest technologies to developers, whether they’re at a multi-billion dollar company, a government office, or a dorm.Howard Wright, vice president and global head of startups at AWS, said in a statement, adding: “The new capabilities brought by Avalanche allow us to do just that. We will help Avalanche reach new geographies and customer segments as well as support new tools for the Avalanche infrastructure and ecosystem“.
What makes Avalanche so unique, and why did it get Amazon’s attention?
In addition to being a network capable of supporting NFT and Web3 games, Avalanche’s blockchain features the “unique technology” of subnets. These, which are what Polkadot calls parachains, they are alternative networks built on top of the main blockchain although they are not directly responsive.
Like Ethereum, Avalanche works through validator nodes, which are responsible for processing transactions. These will now be able to run on AWS GovCloud for government-related data storage, they explained.
“It has been a great help for individual and enterprise developers to be able to build test nodes and testnets on the fly with AWS in any legal jurisdiction. I am proud that we have implemented a protocol that can accommodate millions of participants with almost instantaneous finality.”highlighted Emin Gün Sirer, founder and CEO of Ava Labs and continued: “NoOur work with Amazon can accelerate the positive impact of Avalanche”.
Ava Labs’ union is not only with Amazon Web Services, but also includes other parties such as AWS Activate and AWS Partner Network (APN). The alliance could even grow in the coming months/years.
AVAX growth
The subnets can have different rules and parameters than Avalanche and can even use their own token: However, there is a token that has benefited from the latest news. AVAX, Avalanche’s native token, has seen a growth spurt since this announcement.
After the announcement of the association between Avalanche and Amazon AVAX had a growth of 30.78%, going from $12.45 dollars to $16.27. for now AVAX is in the range of $15.45 dollars with +30% in the last week.
This placed it among the tokens with the greatest advance, according to the ranking carried out by Coin Market Capin addition to ranking as the 17th most powerful token in the ecosystem with a market capitalization of more than $4.7 billion dollars.
However, although its moment is remarkable, it is far from the maximum peak achieved in November 2021: it was traded for $146 dollars (-89% from its ATH).
It is worth noting that according to the count carried out by Companies Market Cap, Amazon is the fifth largest on the planet with a market capitalization of 968.34 billion dollars. Ahead are: Apple, Saudi Aramco, Microsoft and Alphabet (Google).
After many red candles, the crypto market ran into green. And Avalanche, from this novelty, has had its great moment.
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