CRO suprassed $0.07 hours after AWS teamed up with Cronos Labs.
Amazon Web Services (AWS) – a cloud computing platform provided by the retail giant – collaborated with the Web3 startup that focuses on DeFi and blockchain games – Cronos Labs.
CRO – the native token of the ecosystem – climbed by 13% shortly after the announcement.
A Breath of Fresh Air for CRO
AWS disclosed on LinkedIn that it has teamed up with Cronos Labs to aid the Web3 sector, boost blockchain technology adoption, and develop DeFi, GameFi, SocialFi, and Infrastructure applications.
The blockchain startup shared the partnership on its Twitter account, saying the Web3 growth will be supported via the Cronos Accelerator Program.
Excited to be working with @awscloud to support Web3 startups’ growth through the Cronos Accelerator ProgramLet’s accelerate Web3 innovation together!https://t.co/HlT03r04VL— Cronos (@cronos_chain) April 26, 2023
Despite the recent price increase, the coin has been on a massive downfall for the past year, losing more than 81% of its value.
Amazon’s NFT Efforts
“You know, I expect that NFTs will continue to grow very significantly,” he added back then.
Crypto proponents have long desired to see a company from the scope of Amazon accepting cryptocurrencies, such as bitcoin, as a payment method: a move that could significantly accelerate the adoption of the leading digital asset.
“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.”
CEO Jassy reiterated that position a year later, saying Amazon has no intention to embrace crypto as a means of payment. He also admitted to not holding any BTC.