Amazon Web Services (AWS), the cloud platform of the giant Amazon, has teamed up with the Avalanche blockchain project to drive the adoption of Blockchain technology around the world. Ava Labs, the development company behind Avalanche, has announced that it will begin working with AWS to drive “enterprises, organizations, and governments’ adoption of its blockchain network.”
As part of the partnership, AWS is now compatible with Avalanche’s network infrastructure and ecosystem of decentralized applications (dApps), making it easier for developers to run and manage nodes on the blockchain.
Avalanche is a layer one blockchain that, as a scaling solution, allows the creation of parallel blockchains, called subnets, that sit on top of the main network. These subnets can have custom rule sets, different levels of security, and can even use their own tokens for transaction fees.
Ava Labs plans to add its subnet deployment as a managed service to the AWS marketplace as part of the new partnership. This will make it easier for individuals and organizations to easily launch their own custom subnets.
“This is the start of something much bigger,” John Wu, president of Ava Labs, told TechCrunch, which first reported the news. Wu added that the subnets will allow developers to “run their own blockchain, a full blockchain — on Amazon — very easily.”
Howard Wright, Vice President and Global Head of Startups at AWS, added in the statement:
“At AWS, our goal is to bring the most advanced technology to developers, whether they work in a multi-billion dollar enterprise, in a government office, or in a dorm room. The new features that Avalanche provides allow us to do exactly that.”
As part of the deal, Avalanche nodes will now be able to run on AWS GovCloud to store government-related data. This means that government organizations that must comply with stricter data governance regulations can still adopt the avalanche technique for public sector projects.
The new relationships also made Ava Labs a member of the AWS Partner Network (APN), enabling the company to help customers deploy customized offerings on AWS connected to more than 100,000 partners in more than 150 countries. Ava Labs will also join AWS Activate, a program that helps early-stage startups and entrepreneurs get started on their platform.
Subnets can have different avalanche rules and parameters, and they can even use their own tokens: however, there is one token that benefited from the latest news. VAX, the original token of Avalanche, has seen rapid growth since this announcement.
After the announcement of the partnership between Avalanche and Amazon, AVAX grew by 30.78%, from $12.45 to $16.27. At the moment, AVAX is in the $15.45 range with +30% in the past week.
This made it among the most advanced tokens as ranked by Coinmarketcap, as well as the 17th most powerful token in the ecosystem, with a market capitalization of over $4.7 billion.
However, despite its impressive momentum, it is a far cry from the extreme peak reached in November 2021: it exchanged for $146 (-89% of ATH).
It is noteworthy that Amazon, according to Bloomberg, is the fifth largest company on the planet, with a market capitalization of $ 968.34 billion. On top: Apple, Saudi Aramco, Microsoft and Alphabet (Google).
After several red candles, the cryptocurrency market has turned green. And the Avalanche, based on this novelty, was its greatest moment.