Avalanche (AVAX) Price Jumps 30% Following AWS Partnership


Amazon Web Services (AWS), the world’s leading provider of cloud computing services, has partnered with Ava Labs, a blockchain technology company, to help scale blockchain adoption in various industries.

He camaraderie aims to make it easier for individuals and organizations to launch and manage nodes on avalancheAva Labs’ layer 1 blockchain, and to provide more strength and flexibility to developers using the network.

Amazon Web Services partners with Avalanche

AWS will support Avalanche infrastructure and decentralized application (dApp) ecosystem through its marketplace, along with a single click node implementations. This collaboration will also include Ava Labs joining the AWS Activate program, which supports startups and early-stage entrepreneurs to get started on the AWS platform.

The move is a significant step forward for blockchain technology, as it makes it more accessible and easier to use for individuals and organizations. Several blockchains have already used Avalanche to power their networks, and with the support of AWS, this number is expected to increase.

“We have over 500 apps in the chain and we would love to provide them with a better experience and now we have a real partnership that we can drive to the Activate program,” said John Wu, president of Ava Labs.

This partnership also marks a new era for blockchain technology as a whole, as it is AWS’s first major partnership with a blockchain company. Ava Labs also plans to add its subnetting deployment as a managed service to the AWS marketplace, making it easy for individuals and institutions to launch their own custom subnets. Subnets are a crucial part of Avalanche’s scaling solution and divert traffic away from the main blockchain, allowing projects to stake AVAX, their native token, while building their own Layer 1 or Layer 2 blockchains. .

In a statement, Howard Wright, Vice President and Global Head of Startups at AWS, said:

“When you multiply Activate by Avalanche by Subnet, you have something that is a seminal moment. I think the chain of blocks [technology] it will become commonplace and will be used in our marketplace by developers.”

This partnership is a clear indication that the adoption of blockchain technology will accelerate and become more widespread in the near future. Backed by a major player like AWS, Ava Labs is poised to make a significant impact in the world of blockchain and it’s an exciting time for technology in general.

AVAX, the native token of the Avalanche ecosystem, registered a price increase of 30% just hours after the announcement was made.

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