A cryptocurrency that grew by 23% thanks to a partnership with Amazon is named

After signing a cooperation agreement with Amazon Web Services (AWS), a cloud computing platform from Amazon, Avalanche cryptocurrency (AVAX) has grown by 23% AVAX $36.59 Binance-Peg Avalanche -1.64% Market capitalization $73.18 million VOL. 24 hours $77.37 million . As it has become known, Ava Labs and Amazon have started cooperation to accelerate the implementation of blockchain in enterprises, institutions, and government agencies.

As Ava Labs hopes, the partnership will make it easier for developers to launch and manage nodes on Avalanche, as Amazon Web Services will support the network infrastructure and decentralized applications. According to Ava Labs CEO Emin Gün Sırer, Avalanche will add the deployment of its networks to the AWS Marketplace.

The partners also plan to organize joint events for entrepreneurs and developers, such as Avalanche Summit, Avalanche Creates, and other cryptocurrency hackathons.

In addition to the cooperation with Amazon, a few weeks ago, Ava Labs signed a partnership agreement with the International Chess Federation (FIDE). According to the press release, the partnership will increase «operational efficiency for players and federations and improve the integrity of the game,» for example, by publishing tournament data and player ratings, as well as tournament prize pools on the blockchain.