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Amazon Web Services, the cloud computing subsidiary of e-commerce big Amazon, on Wednesday introduced a partnership with Cronos, deepening its roots within the crypto area. Amazon retains increasing its presence within the crypto, blockchain, Web3, and NFT areas contemplating main developments sooner or later.

Traders instantly reacted to the announcement, with Cronos (CRO) value skyrocketing 8% in simply an hour. The CRO value is at the moment buying and selling at $0.075, up over 15% within the final 24 hours.

Amazon Web Services Partners With Cronos

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

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

The partnership goals to spice up blockchain know-how’s adoption and integration in Web3, offering startups with entry to AWS’s assets and Cronos Labs’ experience in blockchain improvement.

Kris Marszalek, CEO of Crypto.com, tweeted in regards to the collaboration between Cronos and AWS to enhance Web3 ecosystem developments.

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

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

CRO value is at the moment buying and selling at $0.075, up 15% within the final 24 hours. Furthermore, the buying and selling quantity has jumped over 500% within the final 24 hours, indicating large curiosity from merchants. The 24-hour high and low 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 information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto business.

The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.