Ava Labs, the team behind layer 1 (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement on January 11, 2023. Ava Labs founder and CEO Emin Gün Sirer argued that the collaboration was a “big deal” and that the partnership “makes sense” compared to other blockchain announcements involving AWS. bottom.
Emin Gün Sirer, Founder and CEO of Ava Labs, comments on their collaboration with Amazon Web Services.
According to Ava Labs, the company behind blockchain network Avalanche (AVAX), the company is partnering with Amazon Web Services (AWS) to “accelerate blockchain adoption by businesses, institutions, and governments.” increase. The team said he will make the announcement on January 11, 2023, with AWS supporting his Avalanche network and decentralized application (dapp) ecosystem. “Importantly, an Avalanche node operator can run his Fedramp compliance use cases on his AWS Govcloud. It has been.
“At AWS, we are committed to bringing cutting-edge technology to builders, whether they are multi-million dollar companies, government agencies, or dorms. “The new capabilities brought to us by Avalanche allow us to do just that. We are excited to support and expand adoption into new geographies and customer segments.”
Founder and CEO of Ava Labs, Emin Gyun Schiller, commented on the announcement Wednesday afternoon Eastern Time. “This is a big deal,” says Gun Schiller murmured“It’s not your grandfather’s ‘AWS partnership announcement’. Let me explain in plain English. In the past, other chains paid AWS to host some nodes.” [have] pitched this as “AWS is partnering with Some Chain”. In reality, “Some Chain” he was paying AWS — they he was a client of AWS. There were no meaningful partnerships. ”
Ava Labs Executive continuation:
This announcement does the exact opposite. AWS is aware of how blockchain is evolving with subnets acting as appchains and hosting a lot of subnets people are trying to launch his provider he’s one want to be
Avalanche’s native token, AVAX, surged on the news, rising 16.2% against the US dollar. Seven-day statistics show AVAX is up 29.1%, making him the 19th largest cryptocurrency market cap today. AVAX has been trading between $12.31 and $14.83 per unit over the last 24 hours.
AVAX has a cryptocurrency market cap of $4.51 billion as of 4:00 PM ET on January 11, 2023. AVAX is still down 89% from its Nov. 21 all-time high of $144.96, despite a rapid rise Wednesday afternoon following AWS’ announcement. 2021. Like solana (SOL), avalanche (AVAX) has been hit hard in the crypto winter. AVAX was once a top 10 cryptocurrency contender and is struggling to maintain a position below the 20th place threshold.
How do you think this Ava Labs and Amazon Web Services partnership will impact the future of enterprise blockchain adoption? Let us know what you think about this in the comments section below.
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