Transformation of web2 companies into web3 technology is becoming inevitable.
Ava Labs is also going to include Subnet deployment in the Amazon marketplace.
Amazon Web Services (AWS) partners with Avalanche blockchain backed by Ava Labs to improve and expand blockchain adaptability. Both the above-mentioned firms made the announcement about this partnership on Jan 11th, 2023. This partnership is rooted in mutual benefits to “accelerate enterprise, institutional, and government adoption of blockchain”.
Transformation of web2 companies into web3 technology is becoming inevitable. Market giants are hopping into the blockchain realm to provide transparent, reliable, and quick products and services. And, one such pioneer is the Amazon.
Howard Wright, VP and global head of startups, AWS states:
“No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before.”
According to Gartner, a technological research and consulting firm, the blockchain-based business value will reach $176 billion in two years and skyrocket to $3.1 trillion by 2030.
Specifications of the Partnership
Apart from helping out the big government and private institutions, the AWS-Avalanche partnership also wishes to make node management easy for the developers. Avalanche utilizes the Amazon Elastic Compute Cloud (Amazon EC2) to increase the speed of the transaction and validation process.
Emin Gün Sirer, CEO and Co-founder of Ava Labs, states:
“It has been a huge, huge boon to all of our developers to be able to spin up nodes on the fly, spin up test networks on the fly, using AWS.”
The participation of Avalanche in AWS Activate will improve the experience of 500 applications that are built on the layer 1 chain. In the future, Ava Labs is also going to include Subnet deployment in the Amazon marketplace. This will encourage users to launch their unique subnets too.
Additionally, the partnership will expand in the entrepreneur- and developer-focused events like Avalanche Summit, Avalanche Creates, and hackathons.