If you wonder why Avalanche (AVAX) suddenly pumped by 15%, the answer is here:
It is not the first time that AWS partners with a blockchain. Ethereum (ETH) blockchain already has 25% of its nodes on AWS.
However, according to Ava Labs, it would be the first foundational partnership of AWS with a blockchain.
According to AWS:
The AWS Foundational Technical Review (FTR) helps identify and mitigate technical risks in solutions built by AWS ISV Partners.
In summary, it means AWS has performed a risk assessment of Avalanche blockchain. On one hand, it increases the confidence of potential users, including enterprises, in Avalanche solutions, and particularly subnets. It will also help users to host nodes and become validators.
On the other hand, it increases the dependency and exposure of Avalanche to AWS, which is a hurdle for decentralization.
Regarding AVAX token price, a correction may shortly occur, although it is not 100% certain...
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
