Amazon Deepens Crypto Presence With Cronos Partnership

Amazon Web Services, the cloud computing subsidiary of e-commerce giant Amazon, on Wednesday announced a partnership with Cronos, deepening its roots in the crypto space. Amazon keeps expanding its presence in the crypto, blockchain, Web3, and NFT areas considering major advancements in the future.

Traders immediately reacted to the announcement, with Cronos (CRO) price skyrocketing 8% in just an hour. The CRO price is currently trading at $0.075, up over 15% in the last 24 hours.

Amazon Web Services Partners With Cronos

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

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

The partnership aims to boost blockchain technology’s adoption and integration in Web3, providing startups with access to AWS’s resources and Cronos Labs’ expertise in blockchain development.

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

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

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

CRO price is currently trading at $0.075, up 15% in the last 24 hours. Furthermore, the trading volume has jumped over 500% in the last 24 hours, indicating massive interest from traders. The 24-hour low and high are $0.065 and $0.074, respectively.

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Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.