Avalanche Partners with Amazon Web Services, AVAX Rallies 25%

Avalanche has partnered with Amazon Web Services (AWS) to scale the adoption of blockchain technology by enterprises and governments.

A person pulling amazon packages in the winter.

Avalanche has announced a partnership with cloud-computing platform Amazon Web Services (AWS) to bring wider adoption of blockchain technology by enterprises, institutions, and governments. 

Avalanche Partners with Amazon

Ava Labs, the company building out layer-1 blockchain Avalanche, announced Wednesday, January 11th, that it will work with AWS to help scale blockchain adoption across enterprises, institutions, and governments. 

As part of the partnership, Ava Labs will offer its “Subnet deployment” as a service through the AWS Marketplace. Any organization can enlist Ava Labs via AWS to launch a custom Subnet.

Sponsored

Howard Wright, VP and Global Head of Startups, AWS, said his company will help expand Avalanche adoption “to new geographies and customer segments” and “support new tooling for Avalanche’s infrastructure and ecosystem.”

Subnets are like custom blockchains built on Avalanche. Subnets have custom rulesets and allow organizations deploying them even to launch their own unique tokens.

AVAX Reacts, Rallies 25%

In reaction to the news, Avalanche’s native token, AVAX, rallied as much as 25% to trade as high as $16.38. This is its highest price since November 8th, 2022. AVAX now trades at $15.09, maintaining a 24-hour gain of 21.3%.

The 24-hour price chart for Avalanche (AVAX). Source: CoinMarketCap

On the Flipside

  • The partnership also comes just a week after Avalanche announced a partnership with Shopify to streamline the NFT process for buyers and sellers.

Why You Should Care

The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while helping the network expand and become more flexible for developers.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia