In order to “accelerate enterprise, institutional, and government adoption of blockchain,” Ava Labs, the organization that created the blockchain network Avalanche ($AVAX), has joined Amazon Web Services (AWS). The group announced that AWS would support the Avalanche network and the decentralized application (dApps) ecosystem on January 11, 2023.
No matter if they work for a multimillion-dollar corporation, a government agency, or a college dorm, AWS is all about providing builders with the most advanced tools. Howard Wright, the VP and global head of AWS startups said:
“The new capabilities brought by Avalanche enable us to do just that. We’re thrilled to add an innovator like Ava Labs to our partner network and to support new tooling for Avalanche’s infrastructure and ecosystem, helping to expand its adoption to new geographies and customer segments.”
After the announcement of the cooperation of the two parties, the price of %AVAX had an increase. At one point the price of $AVAX was trading at $16.34.
AVAX’s crypto market cap is $4.95 billion at press time. However, AVAX is still down 89% from its all-time high of $144.96 on November 21, 2021.
$AVAX has been a huge hit during the crypto winter, and since $AVAX was once a crypto top 10 contender it is struggling to hold its ground below.
Stay with us for more daily crypto news. Comment your thoughts of these news on our social channels below