The Avalanche blockchain (AVAX) will have Amazon Web Services (AWS) as an ally in its quest for continued growth and mass adoption, as its parent company, Ava Labs, has entered into a partnership with AWS.
Ava Labs’ founder and CEO, Emin Gün Sirer , called the partnership “a big deal” and “meaningful”.
As Ava Labs said in a statement, the partnership with Amazon Web Services (AWS) aims to “accelerate business, institutional and government adoption of blockchain”.
The partnership calls for AWS to support Avalanche’s network and ecosystem of decentralized applications (dapps).
“At AWS we strive to bring the most advanced technologies to developers, whether they are in a multi-million dollar enterprise, a government office or a dormitory,” said Howard Wright, vice president and global head of AWS startups, adding:
“The new capabilities brought by Avalanche allow us to do just that. We’re excited to add an innovative partner like Ava Labs to our network. We will offer new tools for Avalanche’s infrastructure and ecosystem, helping to expand its adoption to new regions and customer segments.”
“Substantial collaboration”
Ava Labs founder and CEO Emin Gün Sirer commented on the new partnership, while also hitting the nail on the head for other blockchains:
“This is a big deal. In the past, other chains have paid AWS to host some of their nodes and have presented it as a partnership agreement. In reality, these chains paid AWS – that is, they are its customers. There hasn’t been any actual collaboration.”
Subsequently, the Ava Labs executive said:
“This announcement is just the opposite. AWS recognizes how blockchains are evolving, with subnets serving as application chains, and wants to be one of the hosting providers for the many subnets people are going to launch in the future.”
Avalanche’s native token, AVAX, soared after the news, surging 16.2%. Statistics over the past seven days show that AVAX has risen 29.1% and its market cap is the 19th largest. AVAX’s market capitalization is at $4.51 billion.
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