Avalanche token rises by 23% after entering into the partnership with Amazon

In a joint project, the companies intend to make it easier for developers to launch and manage nodes on the blockchain

12.01.2023 - 08:00

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2 min

What’s new? Amazon’s Amazon Web Services (AWS) cloud computing platform and Ava Labs, the developer of the Avalanche (AVAX) blockchain, have entered into an agreement to accelerate blockchain adoption in enterprises, institutions, and government agencies. The partnership will make it easier for developers to launch and manage nodes on Avalanche, as AWS will support the network infrastructure and decentralized applications (DApps). Amid the news, AVAX is up by 23% in 24 hours and is trading at $15,31 as of January 12, 07:40 UTC.

Avalanche Blog

What else does the blog say? Ava Labs also plans to add subnet deployment to the AWS Marketplace, which will allow both individuals and institutions to easily run custom subnets with enhanced security, as validators in them will be distributed across different regions. According to Ava Labs CEO Emin Gün Sirer, individual and corporate developers will be able to test networks in any legal jurisdiction that is convenient for them.

Ava Labs and AWS are also collaborating on events for entrepreneurs and developers, such as Avalanche Summit, Avalanche Creates, and hackathons.

What is known about Avalanche? It is a decentralized open-source platform for launching DeFi applications, financial startups, trading, and other services.

Earlier the International Chess Federation announced a partnership with Avalanche to organize competitions in the Web 3.0 space. In addition, Ava Labs and non-custodial wallet Core will sponsor chess tournaments, including the World Championship and the Olympics.

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