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Avalanche (AVAX-USD) Token Soars 13.3% The deal Wednesday afternoon after Ava Labs, the company behind AVAX, formed a partnership with Amazon Web Services, a cloud computing platform owned by e-commerce giant Amazon.NASDAQ: AMZN), accelerating blockchain adoption across businesses, institutions and governments.
The cryptocurrency traded at $14.41 at 4:16 pm ET. This is the highest level since November 9, just two days after crypto exchange FTX (FTT-USD) filed for bankruptcy and subsequently disrupted the market.
In the new partnership, AWS will support Avalanche (AVAX-USD) infrastructure and decentralized application (dApp) ecosystem, the companies said in a blog post. This makes it easier and more flexible for a developer to launch and manage nodes on his AVAX blockchain.
In addition, Ava Labs plans to add “subnet deployments” to the AWS Marketplace. This makes it easy for both individuals and institutions to launch custom his subnets that are segmented parts of a larger network.
Emin Gün Sirer, Founder and CEO of Ava Labs, said:
Howard Wright, vice president and global head of startups at AWS, said that given the size of AWS, this partnership will help drive adoption of the AVAX ecosystem across new regions and customer segments. said it is possible.
Seeking Alpha contributor Mike Fay said last week that AVAX’s daily active user growth has stagnated, but because “it’s not really as overstated as some of its peers.” , has become a hold evaluation.
