{"id":16357,"date":"2023-01-11T22:05:44","date_gmt":"2023-01-11T22:05:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ava-labs-partners-with-amazon-web-services-to-accelerate-blockchain-adoption-avax-jumps-16-blockchain-bitcoin-news\/"},"modified":"2023-01-11T22:05:44","modified_gmt":"2023-01-11T22:05:44","slug":"ava-labs-partners-with-amazon-web-services-to-accelerate-blockchain-adoption-avax-jumps-16-blockchain-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ava-labs-partners-with-amazon-web-services-to-accelerate-blockchain-adoption-avax-jumps-16-blockchain-bitcoin-news\/","title":{"rendered":"Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16% \u2013 Blockchain Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. 11, 2023. Founder and CEO of Ava Labs, Emin G\u00fcn Sirer, said the collaboration was a \u201cbig deal\u201d and, in comparison with other blockchain announcements that involved AWS, he insisted that this partnership is \u201cmeaningful.\u201d<\/strong><\/p>\n

Founder and CEO of Ava Labs, Emin G\u00fcn Sirer, Comments on Collaboration with Amazon Web Services<\/h2>\n

According to Ava Labs<\/a>, the company behind the blockchain network Avalanche (AVAX), the firm has partnered with Amazon Web Services<\/a> (AWS) to \u201caccelerate enterprise, institutional, and government adoption of blockchain.\u201d The team published<\/a> the announcement on Jan. 11, 2023, and said that AWS will support the Avalanche network and decentralized application (dapp) ecosystem. \u201cCritically, Avalanche node operators can run in AWS Govcloud<\/a> for Fedramp<\/a> compliance use cases \u2013 a vital capability and a pre-requisite for enterprises and governments,\u201d the Wednesday announcement detailed.<\/p>\n

\u201cAt AWS, we are all about bringing the most cutting-edge technologies to builders, no matter if they sit in a multi-million-dollar enterprise, a government office, or a dorm,\u201d Howard Wright, the VP and global head of AWS startups said in a statement. \u201cThe new capabilities brought by Avalanche enable us to do just that. We\u2019re thrilled to add an innovator like Ava Labs to our partner network and to support new tooling for Avalanche\u2019s infrastructure and ecosystem, helping to expand its adoption to new geographies and customer segments.\u201d<\/p>\n

\"Ava
AVAX\/USD on Jan. 11, 2023, at 3:42 p.m. (ET) via Coinbase.<\/figcaption><\/figure>\n

The founder and CEO of Ava Labs, Emin G\u00fcn Sirer<\/a>, commented on the announcement Wednesday afternoon Eastern Time. \u201cThis is a big deal,\u201d G\u00fcn Sirer tweeted<\/a>. \u201cIt\u2019s not your grandfather\u2019s \u2018AWS partnership announcement.\u2019 Let me explain in plain English. In the past, other chains have paid AWS to host some nodes, and [have] pitched this as \u2018AWS partners with Some Chain.\u2019 In reality, \u2018Some Chain\u2019 was paying AWS \u2014 they were a client of AWS. There was no meaningful partnership.\u201d<\/p>\n

The Ava Labs executive continued<\/a>:<\/p>\n

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This announcement is the exact 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.<\/p>\n<\/blockquote>\n

Avalanche\u2019s native token AVAX<\/a> jumped following the news, rising 16.2% higher against the U.S. dollar. Seven-day statistics show that AVAX is up 29.1%, and the crypto asset\u2019s market capitalization today is the 19th largest. AVAX is trading for prices between $12.31 to $14.83 per unit during the last 24 hours.<\/p>\n

AVAX\u2019s crypto market capitalization is at $4.51 billion at 4 p.m. Eastern Time on Jan. 11, 2023. Despite the swift rise on Wednesday afternoon following the AWS announcement, AVAX is still down 89% from the $144.96 all-time high on Nov. 21, 2021. Like solana (SOL)<\/a>, avalanche (AVAX<\/a>) has taken a big hit during the crypto winter, and as AVAX was once a top-ten cryptocurrency contender, it\u2019s been struggling to hold a position below the 20th-place threshold.<\/p>\n

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adoption<\/a>, Amazon<\/a>, AVA Labs<\/a>, Avalanche<\/a>, Avalanche (AVAX)<\/a>, AVAX<\/a>, AVAX Market<\/a>, AWS<\/a>, AWS hosting<\/a>, Blockchain<\/a>, builders<\/a>, Capitalization<\/a>, ceo<\/a>, Compliance<\/a>, Cryptocurrency<\/a>, cutting-edge<\/a>, Emin G\u00fcn Sirer<\/a>, enterprise<\/a>, Fedramp<\/a>, Govcloud<\/a>, Government<\/a>, growth<\/a>, Innovation<\/a>, institutional<\/a>, market<\/a>, Market AVAX<\/a>, meaningful<\/a>, network<\/a>, Node<\/a>, operators<\/a>, partnership<\/a>, platform<\/a>, Services<\/a>, technologies<\/a>, Token<\/a>, web<\/a><\/div>\n<\/div>\n

What impact do you believe 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 subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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