Amazon Partners With This Altcoin: Price Peaks!

Amazon Web Services (AWS) has strategically partnered with a popular altcoin. This development caused a jump in the price of the altcoin in question. Cryptocurrency gained close to 10 percent in 10 minutes. Here are the details…

Amazon and altcoin project partnered

The team behind the IOST altcoin shared in a Medium post about 15 minutes ago that it has formed a strategic partnership with Amazon Web Services (AWS). In the project’s Twitter post, “IOST has announced a game-changing strategic partnership with Amazon Web Services to advance Web3 development. Exciting times are coming!” statements were included.

As we have announced as Kriptokoin.com, AWS; It is a leading cloud computing platform that offers a wide range of services such as computing, storage and database, machine learning, artificial intelligence, infrastructure analytics, and IoT. As one of the world’s most widely used cloud platforms, AWS has provided more than 200 services for global data centers, making it a diverse, fair and inclusive ecosystem for startups, large businesses, and government agencies.

IOST price peaked!

As a mainnet launch project in 2019, IOST aims to collaborate with AWS to integrate AWS Web 3.0 solutions into its ecosystem and enhance its offerings in DeFi, NFT, GameFi, Web 3, and the metaverse. After the development, the price of IOST rose 9 percent from $0.01134 to $0.01266. The trading volume of the cryptocurrency in the last 24 hours has also increased by 400 percent.

Backed by major financial and venture capital firms such as Sequoia, Matrix and ZhenFund, IOST says it was created to definitively tackle the scalability issue. It is a leading decentralized, highly efficient, Proof-of-Believability powered smart contract platform. It even ranks China’s CCID IOST as the best blockchain platform under Core Technology; It ranked better than Ethereum, EOS, and all other smart contract platforms evaluated by the institution. In IOST’s Medium post, the team shared their thoughts on the partnership with the following statements:

We are excited to share that IOST has entered into a strategic partnership with Amazon Web Services (AWS) to drive the advancement of Web 3.0. With a shared vision and complementary expertise, IOST and AWS are committed to building a secure and scalable Blockchain platform that offers a seamless user experience. This partnership represents an important milestone as we work collectively to realize the full potential of Web 3.0. With the support of AWS infrastructure and expertise, we are confident in our ability to expand and strengthen the IOST ecosystem.