This Altcoin Signed a Giant Partnership with Amazon: Its Price Skyrocketed!

Layer-1 Blockchain WAX signed an agreement with Amazon Web Services. The agreement will allow developers to deploy nodes on WAX using the AWS console. It will also enable WAX ​​to integrate with the Amazon Managed Blockchain service. Following this news, the altcoin price increased by more than 20 percent during the day. Meanwhile, WAX is the 10th largest blockchain by activity.

WAX shook hands with Amazon, altcoin price skyrocketed!

cryptokoin.comAs you follow from , the crypto world is forming strong alliances with the real world. Gaming-focused layer-1 blockchain Worldwide Asset Exchange (WAX) has signed an agreement to use Amazon Web Services (AWS) and integrate its network into Amazon Managed Blockchain (AMB). The Altcoin project announced its development with a statement:

LAST MINUTE! Amazon AWS and WAX: The Future of Web3! Prepare yourself for a new era with Layer2 Blockchains on WAX. Deploy sidechains similar to how Polygon works on Ethereum powered by Amazon AWS and WAX.

Following the news, the altcoin price made a strong move north. Blockchain’s native token WAX is up more than 20% on the day, according to CoinMarketCap data. WAX jumped from $0.0958 to $0.123 during the day. However, the token later lost altitude. At the time of writing, WAX was trading at $0.106, up over 10% on a daily basis.

WAX daily price chart. Source: CoinMarketCap

Why is partnership important for WAX Blockchain?

The AMB service is designed to help developers build decentralized applications (dapps) on both private and public blockchains. By integrating with AMB, WAX developers will be able to deploy nodes via the AWS console. Additionally, they will have the opportunity to use these nodes to build on the WAX ​​Blockchain. “The new partnership between WAX and Amazon Web Services is an important next step in our journey towards mass adoption of Web3,” WAX CTO Lukas Sliwka said in a statement.

WAX Blockchain hosts 160 Web3 games

According to data from Dappradar, WAX facilitated 141 million transactions with 666,000 unique active wallets in the past 30 days. The network hosts 160 Web3 games on its platform, including games like Apex Legends and Call of Duty, as well as Brawlers, a trading card game that has become part of the Amazon Prime Gaming service.

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