Altcoin Cronos (CRO) has partnered with Amazon Web Services (AWS) to support the growth of Web3 startups. After the announcement of the collaboration, the price of Cronos (CRO) rose 13 percent. Here are the details…
Altcoin partnership with Amazon marked the agenda
The partnership aims to increase the adoption and integration of Blockchain and Web3 services by providing startups and startups with expertise and infrastructure from both Cronos Labs and AWS. Startups will have access to AWS cloud credits and mentorship to accelerate their growth and development. The program includes a 12-week mentoring program with funding directly from Cronos Labs.
Initiatives also have the ability to access masterclasses. Apart from that, they will be able to talk to experts and access logistical support in the early stages of their projects. Through this collaboration, startups benefit from the scalability, security, and flexibility of AWS cloud infrastructure. In addition, startups will be able to create and deploy Blockchain-based applications quickly and efficiently. The partnership comes at a time when artificial intelligence and machine learning are becoming increasingly popular in the blockchain industry.
With the announcement of the said partnership, the price of the CRO coin of Cronos, affiliated with Crypto.com, rose 13 percent. The cryptocurrency managed to rise from $ 0.065 to $ 0.0758 in the last 24 hours. You can see the coin’s 24-hour price change in the chart below:
Cronos were tops in the last bull market
The partnership comes at a time when artificial intelligence, cloud technology and machine learning are becoming increasingly popular in the blockchain industry. cryptocoin.com As we reported, Cronos was one of the cryptos that reached the top during the last bull run. However, it is currently seen as one of the many layer-1 ecosystems that are “suffering” in terms of price and interest due to a less exciting market stage. This collaboration is planned to provide startups with the tools they need to succeed in this competitive market. It is also expected to provide much-needed support to the growth and development of the field by providing the necessary expertise.
Additionally, the AWS collaboration aims to give startups access to AWS resources and Cronos Labs’ blockchain development expertise. Thus, it aims to accelerate the adoption and integration of Blockchain technology in Web3. Through this partnership, startups will be able to leverage AWS’ cloud infrastructure to build and deploy their Blockchain-based applications. According to the announcements, this is just the first of many collaborations expected to be announced under the Cronos Acceleration Program, which aims to support the growth of Web3 startups and create a more vibrant ecosystem for Blockchain innovation.
There is competition in the cloud technology space
Meanwhile, Amazon and Google are two of the leading companies competing in the cloud computing space. Currently, Amazon is the market leader with AWS, the cloud computing platform with its large customer base. On the other hand, Google entered the cloud computing market by offering Google Cloud, which has a strong technological infrastructure in areas such as artificial intelligence and machine learning. Both companies are intensifying the competition between them by investing heavily in areas such as cloud computing and artificial intelligence technologies.
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