IOST token price increases sharply after agreement with Amazon Web Services

As part of the partnership, the IOST Network will inherit the computing power, AI tools, and decentralized internet architecture of AWS.

IOST token price increases sharply after agreement with Amazon Web Services

On the afternoon of March 2, IOST or Internet of Services Token Notification integrates with Amazon Web Services (AWS) solutions, to promote and improve DeFi, NFT, GameFi, and Web3 services. Accordingly, IOST’s network will leverage AWS’ powerful decentralized internet architecture and AI tools.

IOST – the token of IOST Network – has increased sharply after the above announcement from $ 0.0114 to a peak of $ 0.013, with a margin of about 14%. The last time this token traded around the $0.015 – $0.016 price range was in August 2022. Meanwhile, IOST trading volume also improved by an impressive 600%, with 87.5 million USD. But as of the time of writing, the uptrend has slowed down and returned to the pre-integrated price level.

15m chart of IOST/USDT pair on Binance at 09:25 PM on 02/03/2023

IOST is an early blockchain, born in 2018. The network can process up to 100,000 transactions per second, while optimizing the speed of block generation and transaction confirmation.

In the past, IOST has cooperated with AWS. According to CryptoSlateIOST’s Blockchain-as-a-Service (BaaS) platform has been available on the AWS marketplace since 2019. At the same time, it is also the first blockchain project to be interviewed and advertised by AWS China in 2020.

On the other hand, Amazon Web Services is one of the biggest cloud computing platforms that has had many forays into the cryptocurrency industry recently, despite the massive wave of layoffs. Last month, CoinDesk news that AWS is hiring more Web3 positions. Another source revealed that the giant is preparing to make its own NFT market, although it has not yet accepted crypto payments.

Synthetic Kyptos

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img