Avalanche Jalin Partnerships With Amazon Web Services, AVAX Prices Rise!

The price of AVAX crypto is rising, this is the cause! (Photo; Doc. CoinKolay)

JAKARTA The company behind the Avalanche blockchain (AVAX), Ava Labs has recently reportedly collaborated with one of the leading technology companies, Amazon Web Services (AWS). The partnership is aimed at accelerating the adoption of blockchain technology at the company's, institutional and government levels."

On January 11, 2023, Ava Labs officially announced the partnership. They stated that cloud computing service company Amazon Web Services will provide support to the Avalanche blockchain and the decentralized application ecosystem (DApps).

"Critally, Avalanche node operators can run on AWS Govcloud for the case of using Fedramp compliance - vital capabilities and prerequisites for companies and the government," wrote Ava Labs' announcement.

"At AWS, it's all about bringing the latest technology to developers, no matter whether they're in a multi-million dollar company, government office, or dormitory," said Howard Wright, VP and global head startup AWS.

"The new ability brought by Avalanche allows us to do that. We are excited to add innovators like Ava Labs to our partner network and support new tools for Avalanche's infrastructure and ecosystems, helping to expand its adoption to geography and new customer segments," Wright added.

AVAX INCREASED 16.2 PerCENT

Shortly after the announcement of the partnership, AVAX coins responded with a price increase of 16.2 percent. While in one week AVAX managed to skyrocket 29.1 percent. The Avalanche native coin was previously trading at a price of 12 US dollars, following announcements trading at the level of 14.83 US dollars per coin.

According to Ava Labs founder and CEO, Emin G\"un Sirer, commenting on the announcement Wednesday afternoon East Time. "This is a big problem," tweeted G\"un Sirer. "This is not your grandfather's 'announcement of AWS partnership'. Let me explain it in English.

In the past, other chains have paid AWS to host multiple nodes, and [have] expressed this as 'AWS partnering with Some Chain'. In reality,'some Chain' pays AWS - they are AWS clients. There is no meaningful partnership. "

This announcement is the opposite. AWS recognizes how blockchain develops, with a subnet that functions as an appchains, and wants to be one of the hosting providers for many subnets that people will launch," said Emin Globun Sirer.