Partnerhsip: Avalanche and Amazon Web Services

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Layer 1 blockchain Avalanche (AVAX) creator Ava Labs announced a cooperation with Amazon Web Services (AWS). These scalable blockchain technologies will help both enterprises and governments, thanks to their collaboration. The press statement adds that AWS fully supports Avalanche's infrastructure and the ecosystem for decentralized applications, offering the best tooling for these high compliance use cases (dApps).

Amazon (AWS) Partners with Avalanche to Scale Blockchain Adoption (Image by rawpixel.com on Freepik)

Ava Labs will also join AWS Activate. It is a program that assists startups and early-stage business owners in getting started on Amazon as part of the affiliation. The collaboration seeks to boost the network's strength and agility for developers in addition to making it simpler for anybody to launch and manage nodes on Avalanche.

According to Blockchain on AWS, a number of blockchains currently use AWS to power their networks. About 25% of all Ethereum workloads worldwide use the service. The technology is compatible with all blockchain protocols, despite the fact that this is AWS's first basic cooperation with a blockchain.

If Subnet deployment from Ava Labs is accepted as a managed service in the AWS marketplace, both individuals and businesses will be able to quickly construct their own special subnets. Avalanche's scaling solution includes subnets, which let companies use its native currency, AVAX, as collateral while building their own layer-1 or layer-2 blockchains by redirecting traffic from the mainnet.

Introduction of Avalanche (AVAX)

The world's quickest smart contract platform is called Avalanche. Web3 developers may quickly construct scale applications because of its ground-breaking consensus process and cutting-edge subnets. Users can choose to use a specific virtual machine or deploy to the Ethereum Virtual Machine. You are free to create anything you want on the green blockchain created for Web3 developers.

How much is AVAX now priced?

After dilution, the market value of AVAX is currently $10.4 billion, and its 24-hour trading volume rose by 72.35% to $0.42 billion. AVAX are also in use; there are about 311,582,143 of them. The token price has increased by 15.04% today, according to the AVAX/USDT perpetual price on MEXC Global, and is presently trading at $14.641.