Cro increases by 13 % according to a partnership between Amazon and Cronos

Cro increases by 13 % according to a partnership between Amazon and Cronos

Amazon Web Services (AWS)-A cloud computing platform of the retail giant-worked with the web3 startup, which focuses on defi and blockchain games-cronos labs.

Cro-the native token of the ecosystem-rose by 13 %.

A touch of fresh air for cro

AWS announced on LinkedIn that it was related to Cronos Labs to support the web3 sector, to promote the introduction of blockchain technology and to develop defi, game, social and infrastructure applications.

The blockchain startup announced the partnership on its Twitter account and said that the growth of web3 is supported via the cronos accelerator program.

excited, to work with @AWSCloud Web3 startups to support the cronos accelerator program 🙌

Let us accelerate the web3 innovation! https: //t.co/hlt03r04vl

— Cronos (@cronos_chain) 26. April 2023

Cro-The native token of Cro Protocol Labs (also known as Crypto.com)-rose sharply after the disclosure. He at times shot over $ 0.075, or 13 % more than the rating 24 hours ago.

Despite the recent price increase, the coin experienced a massive decline last year and lost more than 81 % of its value.

Amazon's NFT efforts

Several reports indicate that the world's largest online retailer could soon introduce an NFT marketplace. The event location called "Amazon NFT Marketplace" or "Amazon Digital Marketplace" would offer 15 collections that are initially only available. The potential change should not be seen as a surprise since CEO Andy Jassy 2022 that the company could sell such digital art in the future.

"You know that I assume that NFTS will continue to grow very strongly," he added at the time.

Contrary to his prediction, the crash of the cryptom market led to a declining interest in digital collectors last year. NFT sales fell after the FTX's decline in November to a 16-month low.

The collapse of Silicon Valley Bank (SVB) In March of this year, the fire added even more oil. fall The NFT trade volume by over 50 %.

crypto supporter has long wanted that a company from Amazon's environment accept cryptocurrencies such as Bitcoin as a payment method: a step that could significantly speed up the introduction of the leading digital value value.

Some rumors in the summer of 2021 indicated that the organization intended. However, an Amazon spokesman release speculation:

"Despite our interest in space, the speculations that have arisen about our specific plans for cryptocurrencies are not.

CEO Jassy confirmed this position a year later and said Amazon did not intend to accept crypto as a means of payment. He also admitted not to own a BTC.

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