According to an announcement made on January 11, 2023, Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has formed an Amazon Web Services (AWS), and Emin Gün Sirer, founder and CEO of Ava Labs, said the partnership is a “big deal,” claiming that compared to other blockchain announcements, including AWS, the partnership “makes sense.”
according toAccording to Ava Labsthe company behind the blockchain network Avalanche (AVAX), the company is partnering withAmazon Web Servicesand partners with (AWS) to “accelerate enterprise, institutional, and government blockchain adoption.” The teamannouncedon January 11, 2023, stating that AWS will support the Avalanche network and distributed application (dapp) ecosystem.” Critically, Avalanche node operators can run onthe AWS Govcloud,Fedramp compliance use cases – an essential capability and prerequisite for businesses and governments.” detailed in Wednesday’s announcement.
“In this climate, AWS is committed to providing cutting-edge technology to builders, whether they are multi-million dollar companies, government agencies, or dormitories,” Howard Wright, VP and Global Head of AWS Startup, said in a statement. “The new capabilities that Avalanche brings to the table will allow us to do just that, adding innovative companies like Ava Labs to our partner network to support Avalanche’s new tools for infrastructure and ecosystems and help us expand adoption to new geographies and customer segments. We are excited to be working with them.”
Founder and CEO of Ava Labs,Emin Gün Sirer,commented on the announcement Wednesday afternoon Eastern Time, with Gün Sirer tweeting, “This is a big deal (33).” This is 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 marketed this as [AWS partners with Some Chain]. In reality, ‘Some Chain’ was paying AWS – they were AWS clients. There was no meaningful partnership.
Ava Labs executives continue:
This announcement is the exact opposite; AWS recognizes the evolution of blockchain, with subnets acting as app chains, and wants to be one of the hosting providers for the many subnets that people will be launching.
Avalanche’s native token AVAXsoared on the news, rising 16.2% against the U.S. dollar; in seven-day statistics, AVAX is up 29.1%, making it the 19th largest crypto asset market cap today. AVAX has traded priced between $12.31 and $14.83 per unit over the past 24 hours.
AVAX’s crypto market capitalization is $4.51 billion at 4 p.m. ET on January 11, 2023, despite Wednesday afternoon’s quick rise following AWS