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IOST Partners with AWS
Blockchain project IOST announced on the 2nd that it will partner with Amazon Web Services (AWS), a cloud computing service provided by Amazon, the world’s largest e-commerce site operator.
IOST announces a game-changing strategic partnership with #Amazon Web Services to advance #Web3 development.
Exciting times ahead!
Read more 
https://t.co/50zJIEgeyZ
— IOST (@IOST_Official) March 2, 2023
Through the partnership, AWS infrastructure, expertise and various Web3 (decentralized web) solutions will be provided to the IOST ecosystem. It is expected to help strengthen applications in DeFi (decentralized finance), NFT (non-fungible token), GameFi, DAO (decentralized autonomous organization), and Metaverse.
Leveraging AWS’s global reach, robust network computing power, AI (Artificial Intelligence)/ML (Machine Learning) tools, and distributed IT architecture, IOST will host more developer teams around the world, secure and distributed We will build a type of digital economic system.
IOST is a public blockchain that launched its mainnet in February 2019. It aims to provide an architecture with enterprise-level security standards and processing power in a decentralized economy.
connection:What is IOST listed on the crypto asset exchange BITPOINT?
The crypto asset (virtual currency) IOST, which functions as the native token of the blockchain, temporarily rose by over 8% following a partnership with Amazon Web Services (AWS). However, due to the drop in Bitcoin (BTC), which was affected by the report of Silvergate Bank, etc., it has fallen 4.4% from the previous day at the time of writing.
Source: CoinMarketCap
connection:Bitcoin plummets with large-scale loss cuts, stock price crash of Silvergate Bank Holding Company, which handles virtual currency business
Amazon’s Web3 deployment
In January 2013, Amazon, the largest e-commerce company in the United States, was rumored to launch a new digital asset business. Amazon users are expected to be able to obtain NFTs (non-fungible tokens) and play blockchain games, and it was reported that the business was scheduled to start as early as this spring.
connection:US Amazon launches new Web3 business NFT service may start in April = report
In June 2010, Astar Network (ASTR), a public blockchain from Japan, announced a partnership with Amazon Web Services. Through the partnership, all projects participating in Astar’s two incubation programs were eligible for the “AWS Activate Program” and received $100,000 in AWS credits.
AWS credits can be used for a variety of AWS services, from infrastructure technologies such as computing, storage, and databases, to new technologies such as machine learning, AI, data lakes and analytics, and IoT.
connection:Astar Network Partners with Amazon Web Services (AWS)
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