Avalanche has announced a partnership with cloud-computing platform Amazon (NASDAQ:AMZN) 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.
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 (NYSE:SHOP) 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.
Here’s our prediction for Avalanche post-FTX collapse:
Cryptocurrency Outlook for Solana (SOL), Avalanche (AVAX), and Snowfall Protocol (SNW) Post-FTX Bankruptcy
The recent growth of Avalanche (AVAX) is covered in:
Solana (SOL) Slides Further as Avalanche (AVAX) Tops SOL By Market Cap