Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%

Ava Labs, the staff behind the layer one (L1) sensible contract platform community Avalanche, has partnered with Amazon Web Services (AWS), in accordance with an announcement made on Jan. 11, 2023. Founder and CEO of Ava Labs, Emin Gün Sirer, stated the collaboration was a “big deal” and, as compared with different blockchain bulletins that concerned AWS, he insisted that this partnership is “meaningful.”

Founder and CEO of Ava Labs, Emin Gün Sirer, Comments on Collaboration with Amazon Web Services

According to Ava Labs, the corporate behind the blockchain community Avalanche (AVAX), the agency has partnered with Amazon Web Services (AWS) to “accelerate enterprise, institutional, and government adoption of blockchain.” The staff published the announcement on Jan. 11, 2023, and stated that AWS will help the Avalanche community and decentralized utility (dapp) ecosystem. “Critically, Avalanche node operators can run in AWS Govcloud for Fedramp compliance use cases – a vital capability and a pre-requisite for enterprises and governments,” the Wednesday announcement detailed.

“At AWS, we are all about bringing the most cutting-edge technologies to builders, no matter if they sit in a multi-million-dollar enterprise, a government office, or a dorm,” Howard Wright, the VP and world head of AWS startups stated in a press release. “The new capabilities brought by Avalanche enable us to do just that. We’re thrilled to add an innovator like Ava Labs to our partner network and to support new tooling for Avalanche’s infrastructure and ecosystem, helping to expand its adoption to new geographies and customer segments.”

The founder and CEO of Ava Labs, Emin Gün Sirer, commented on the announcement Wednesday afternoon Eastern Time. “This is a big deal,” Gün Sirer tweeted. “It’s not your grandfather’s ‘AWS partnership announcement.’ Let me explain in plain English. In the past, other chains have paid AWS to host some nodes, and [have] pitched this as ‘AWS partners with Some Chain.’ In reality, ‘Some Chain’ was paying AWS — they were a client of AWS. There was no meaningful partnership.”

The Ava Labs government continued:

This announcement is the precise reverse. AWS acknowledges how blockchains are evolving, with subnets serving as appchains, and needs to be one of many internet hosting suppliers for the numerous subnets that persons are about to launch.

Avalanche’s native token AVAX jumped following the information, rising 16.2% increased towards the U.S. greenback. Seven-day statistics present that AVAX is up 29.1%, and the crypto asset’s market capitalization at present is the nineteenth largest. AVAX is buying and selling for costs between $12.31 to $14.83 per unit over the past 24 hours.

AVAX’s crypto market capitalization is at $4.51 billion at 4 p.m. Eastern Time on Jan. 11, 2023. Despite the swift rise on Wednesday afternoon following the AWS announcement, AVAX remains to be down 89% from the $144.96 all-time excessive on Nov. 21, 2021. Like solana (SOL), avalanche (AVAX) has taken an enormous hit through the crypto winter, and as AVAX was as soon as a top-ten cryptocurrency contender, it’s been struggling to carry a place beneath the Twentieth-place threshold.

What impression do you consider this partnership between Ava Labs and Amazon Web Services could have on the way forward for enterprise blockchain adoption? Let us know what you concentrate on this topic within the feedback part beneath.