Ava Labs, the team behind the Avalanche layer one (L1) smart contract platform network, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. Ava Labs, Emin Gün Sirer, said the collaboration was a “big deal” and, compared to other blockchain announcements that have involved AWS, he insisted that this partnership is “meaningful”.
Ava Labs Founder and CEO Emin Gün Sirer on Collaboration with Amazon Web Services
According to Ava Labs, the company behind the Avalanche blockchain network (AVAX), the company has partnered with Amazon Web Services (AWS) to “accelerate corporate, institutional, and government adoption of blockchain.” The team published the announcement on January 11, 2023 and said that AWS will support the Avalanche network and the decentralized application (dapp) ecosystem. “Critically, Avalanche node operators can run on AWS Govcloud for Fedramp compliance use cases – a vital capability and prerequisite for enterprises and governments,” detailed Wednesday’s announcement.
“At AWS, we want to bring the most advanced technologies to builders, whether they work in a multi-million dollar company, a government office or a dorm room,” Howard Wright, vice president and global head of AWS Startups said in a communicated. “The new features brought by Avalanche allow us to do just that. We are excited to add an innovator like Ava Labs to our partner network and support new tools for the Avalanche infrastructure and ecosystem, helping to expand its adoption to new geographies and customer segments.”
Founder and CEO of Ava Labs, Mr Emin Gun, commented on the announcement Wednesday afternoon Eastern Time. “This is important”, 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] introduced this as ‘AWS partners with Some Chain.’ In reality, ‘Some Chain’ was paying AWS – they were AWS customers. There was no meaningful partnership.”
The Ava Labs Executive continuous:
This ad is just the opposite. AWS recognizes how blockchains are evolving, with subnets serving as appchains, and wants to be one of the hosting providers for the many subnets that people are about to launch.
Avalanche’s native token AVAX jumped following the news, rising 16.2% against the US Dollar. Seven-day statistics show that AVAX has increased by 29.1% and the market capitalization of the crypto asset today is the 19th largest. AVAX is trading at prices between $12.31 and $14.83 per unit over the last 24 hours.
AVAX’s cryptocurrency market capitalization is $4.51 billion at 4:00 pm ET on Jan 11, 2023. Despite the rapid rise on Wednesday afternoon following the AWS announcement, AVAX still dropped 89% from the all-time high of $144.96 on Nov. 21, 2021. Like solana (SOL), avalanche (AVAX) took a huge hit during the crypto winter, and like AVAX was once a top ten contender cryptocurrency, has been struggling to hold a position below the 20th-place threshold.
What impact do you think this partnership between Ava Labs and Amazon Web Services will have on the future of enterprise blockchain adoption? Let us know what you think about this in the comments section below.
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