Amazon Deepens Crypto Presence With Cronos Partnership

Amazon Web Services, the cloud computing subsidiary of e-commerce large Amazon, on Wednesday introduced a partnership with Cronos, deepening its roots within the crypto house. Amazon retains increasing its presence within the crypto, blockchain, Web3, and NFT areas contemplating main developments sooner or later.

Traders instantly reacted to the announcement, with Cronos (CRO) value skyrocketing 8% in simply an hour. The CRO value is at the moment buying and selling at $0.075, up over 15% within the final 24 hours.

Amazon Web Services Partners With Cronos

Cronos in a tweet on April 26 revealed a partnership with Amazon Web Services (AWS) to help the expansion of Web3 startups via the Cronos Accelerator Program.

AWS will work with Cronos Labs to help the Web3 startups to scale and develop via the accelerator program to develop DeFi, GameFi, SocialFi, and Infrastructure purposes. Cronos chain’s ecosystem will leverage the AWS Activate program to assist startups and early-stage entrepreneurs.

The partnership goals to spice up blockchain expertise’s adoption and integration in Web3, offering startups with entry to AWS’s assets and Cronos Labs’ experience in blockchain growth.

Kris Marszalek, CEO of Crypto.com, tweeted concerning the collaboration between Cronos and AWS to enhance Web3 ecosystem developments.

Excited to see Cronos Labs working with AWS on supporting and scaling Web3 startups going via the Cronos Accelerator Program https://t.co/vvtbBxEFmq

— Kris | Crypto.com (@kris) April 26, 2023

CRO price is at the moment buying and selling at $0.075, up 15% within the final 24 hours. Furthermore, the buying and selling quantity has jumped over 500% within the final 24 hours, indicating huge curiosity from merchants. The 24-hour high and low are $0.065 and $0.074, respectively.

Also Read: USDC-Issuer Circle CEO Hints At US Exit

Crypto Community Awaits Amazon NFT Marketplace Launch

The crypto neighborhood is actively awaiting the Amazon NFT marketplace launch as it’s delayed once more as a consequence of technical and business points. As per inside sources, the Amazon Digital Marketplace is predicted to launch on May 15.

Amazon Web Services has earlier partnered with Ava Labs to speed up the adoption of blockchain expertise. Moreover, it has additionally partnered with Chainlink (LINK) for the node-creation resolution and VeChainThor for blockchain-based carbon administration providers.

Also Read: Solana Blockchain Takes the AI Route, Implements ChatGPT Plugin

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment masking all the most recent updates and developments within the crypto trade.

The offered content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.