AVAX Teams Up With Amazon AWS

Updated: 16 January 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Amazon Web Services has confirmed a partnership deal with Ava Labs, the company behind the Avalanche layer 1 blockchain. The two firms will work on scaling the adoption of blockchain technology across enterprises, governments, and institutions.

Ava Labs partners with Amazon Web Services

Through this partnership, AWS and Ava Labs seek to make it easier for individuals to access and manage nodes on the Avalanche network. This will boost the strength of the Avalanche network and flexibility for the developers.

On the other hand, AWS will support the infrastructure and the decentralized application (DApp) ecosystem of the Avalanche network. The AWS marketplace will support one-click node deployments.

As part of the partnership deal, Avalanche will join the AWS Activate, a program that enables startups and entrepreneurs at an early stage to get started on the platform. Several blockchains have already tapped AWS to power their networks, with around a quarter of all Ethereum workloads globally running on AWS.

Ava Labs will also have its Subnet deployment run as a managed service on the AWS marketplace. Subnets boost the scalability of the Avalanche blockchain by diverting traffic from the main blockchain. The President of Ava Labs, John Wu, said that Subnets would enable developers to create their network through Amazon easily.

Avalanche is focusing on the growth of Subnets to make the network more competitive. During the last quarter, Avalanche started creating five to six live subnets. However, during the testing phase, there are more than 100 Subnets that will be launched in the next six to 12 months. The partnership with AWS will benefit all the subnets launched this year.

Avalanche is one of the largest blockchains

Avalanche is one of the main Ethereum competitors. The network has promoted itself as more scalable and less costly than Ethereum. According to Wu, partnering with Amazon would ensure that the more than 500 decentralized applications running on the blockchain will have a better experience.

The CEO and founder of Ava Labs, Emin Gún Sirer, also shared a similar sentiment saying that the partnership with Amazon was the first step in seeing enterprises and governments building on-chain. He added that AWS and Avalanche would accelerate the adoption of blockchain by providing a more reliable solution.

The Avalanche network’s size could grow due to this partnership. While cryptocurrencies are yet to gain outright global adoption, blockchain technology is growing fast, with traditional institutions and governments seeking ways to use the technology to streamline their services. “We aspire to be strategic long-term partners; it’s a differentiating and motivating factor for us,” said AWS’s Howard Wright.

The news of the partnership between AWS and Ava Labs has triggered a notable uptrend in the AVAX token. In the last seven days, AVAX has gained more than 35%, trading at $16.30 at the time of writing. AVAX currently has a market capitalization of more than $5 billion and ranks as the 18^th largest cryptocurrency.

Most Searched Crypto Launch - Pepe Unchained

Rating