Categories: Blockchain Investments
Topics: Cryptocurrency

Avalanche and Solana team up with tech giants

Solana Saga

At the Breakpoint conference in November, layer-1 blockchain platform Solana announced a partnership with Google (NASDAQ: GOOGL) to bring Web3 capabilities to smartphones. 

The collaboration aims to bring the benefits of blockchain technology to a wider audience by making it more accessible and easier to use on mobile devices.

Solana's platform will be integrated into Google's Android operating system, providing users with a fully-managed and secure blockchain network. The partnership will also see the development of a "Web3 Store" that will offer a variety of decentralized applications (dApps) for users to explore and interact with.

"We are excited to work with Google to bring the power of blockchain technology to mobile devices," said Solana CEO, Anatoly Yakovenko. "By making it easy for users to access decentralized applications, we believe we can help drive mainstream adoption of blockchain technology and bring the benefits of Web3 to a wider audience."

With the support of Google, Solana aims to become a leading provider of blockchain solutions for mobile devices and smartphones.

This is all in anticipation of the release of the Solana Saga Web3 smartphone that will be released later this year.

Google Cloud will also become a Solana node validator. Called the Google Cloud’s Blockchain Node Engine, it will allow users to launch dedicated Solana nodes in the Cloud. It will also index Solana data incorporating it into a fully managed serverless data warehouse. This will make accessing historical blockchain data much easier for Solana developers. 

Amazon and Avalanche

Amazon (NASDAQ: AMZN) Web Services (AWS) has announced a partnership with Avalanche, a blockchain platform provider, to scale blockchain solutions for enterprise and government clients. 

The collaboration aims to provide customers with a fully managed, easy-to-use, and secure blockchain network service that can be used for a variety of applications, including supply chain management, digital identity, and financial services.

Avalanche's platform, which is based on the Avalanche-X protocol, allows for the creation and management of multiple subnets, or virtual chains, on a single network. 

This allows for greater flexibility and scalability, enabling customers to create customized blockchain solutions that meet their specific needs.

AWS will integrate Avalanche's platform into its cloud service, providing customers with a fully managed blockchain network that is easy to set up and use. This will allow customers to focus on developing and deploying their applications, while AWS handles the underlying infrastructure and security.

"AWS is committed to providing customers with the tools and services they need to innovate and drive digital transformation," said AWS CEO, Andy Jassy. "Our partnership with Avalanche will make it easy for customers to build and run blockchain applications, allowing them to take advantage of the benefits of this technology without the complexity and expense of managing the underlying infrastructure."

The partnership is expected to help accelerate the adoption of blockchain technology by making it more accessible and easier to use for enterprise and government clients. With the support of AWS, Avalanche aims to become a leading provider of blockchain solutions for these clients.

These partnerships are part of a growing trend of major technology companies partnering with blockchain firms to offer enterprise-grade solutions. 

As blockchain technology becomes more mainstream, we will see more partnerships like this in the future, which will bring blockchain into the hands of more people than ever before.

Solana (SOL) and Avalanche (AVAX) are two crypto projects that I hold in my Crypto Cycle portfolio as I believe both have a bright future regardless of the current bear market.

You can see three other coins I’m bullish on — and putting real money into —  here.

Chris Curl
Editor, Daily Profit Cycle