Avalanche partner with AWS and the AVAX token pumps

Bullish: Amazon Web Services Is Bringing Institutions into Blockchain

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Amazon Web Services (AWS), the world’s largest cloud computing provider has partnered with Ava Labs, the company behind the the Avalanche (AVAX) blockchain, to help scale blockchain adoption for a wide range of institutions including governments and enterprises.

According to a blog post from Ava Labs, AWS will support Avalanche’s technological infrastructure and ecosystem of decentralised applications (DApps) on the AWS marketplace. It will also make things much easier for those looking to launch and run ‘nodes’ on the Avalanche blockchain.

“It has been a huge boon for both individual and enterprise developers to be able to spin up nodes and test networks on the fly with AWS in whatever legal jurisdiction makes the most sense for them.”

Emin Gün Sirer, Founder and CEO of Ava Labs

AWS partnership ushers in a new era of blockchain development

Ava Labs plans to add something called ‘Subnet deployment’ as a managed service to the AWS Marketplace, which means that everyday individuals and international institutions alike can launch custom ‘Subnets’ with just a few clicks. 

For those you reading and thinking “ummm WTF is a ‘subnet'”, the term refers to another network that exists on top of the Avalanche blockchain, where users can create stuff and define their own rules regarding that particular ‘Subnet’.

This essentially means that by launching a new subnet, you can create your own token or DApp with its own specific laws. Alternatively you could even launch an entirely new blockchain on the Avalanche network if that’s what you’re after.

This adoption is a major step towards more wide-scale adoption for blockchain technology, as it makes building and developing and working with the technology far more accessible to both individuals and organizations.

“We have over 500 applications on the [Avalanche network] and we would love to give them a better experience and now we have a real partnership that we can direct to the Activate program,” said John Wu, President of Ava Labs.

Avalanche has already been utilised by a number of other blockchains and developers to power their networks. With the added support of a tech giant like AWS, its fairly likely that these figures will increase.

The significance of this partnership cannot be understated. Amazon Web Services’ partnership with Avalanche is the first blockchain company the cloud computing provider has ever team up with, and as such, it marks the beginning of a new era for blockchain adoption.

The AVAX token pumps on the news

The price of Avalanche’s AVAX token surged more than 30% in the hours following the announcement of the partnership. Web3 advisor ‘Demirelo‘ humorously referred to the daily green candle on the AVAX chart as the ‘AWS candle’.

At the time of writing, the AVAX token is trading for $15.82 up nearly 30% in the last 24 hours. It commands a market capitalisation (the total amount of money invested into the token) of US$4.9 billion, making it the 16th largest cryptocurrency in existence today.

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