Investing.com – The cryptocurrency is posting a solid 24-hour rally of more than 28% on Thursday morning, benefiting from the announcement of a partnership with e-commerce giant Amazon (NASDAQ:).
According to the agreement, cloud computing platform Amazon Web Services will work with Ava Labs, the issuer of AVAX, to try to drive blockchain technology more widely among businesses, institutions and governments.
The announcement was made via a blog post, as well as via an announcement from the (NYSE:) Avalanche Twitter account:
” It’s official ! @Amazon #ChooseAvalanche to bring scalable blockchain solutions to businesses and governments. #AWS fully supports Avalanche’s dApp infrastructure and ecosystem, including one-click node deployment, providing the best tooling for these high-compliance use cases. »
The partnership will make it easier for developers to launch and manage nodes on the Avalanche blockchain, thanks to support for Avalanche’s infrastructure and decentralized applications (dapps) by AWS.
Ava Labs also plans to add “subnet” deployment, a network within a network, to AWS Marketplace, which will allow individuals and institutions to easily launch custom subnets.
“The ability to build nodes and test networks on the fly with AWS in the legal jurisdiction that suits them best has been a real boon for individual and enterprise developers,” said Emin Gün Sirer, Founder and CEO. from Ava Labs, in the article shared on Wednesday.
Finally, it should be noted that this partnership is symbolically significant, as it is AWS’s first partnership with a blockchain project.