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.
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.
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
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.
Sourced from dailycoin.com.
Written by on 2023-01-12 12:30:04.