Cronos (CRO) Rallies After Revealing Partnership With Amazon Web Services

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The native token of Crypto.com is hovering after unveiling a brand new partnership with Amazon Net Providers.

In an announcement on LinkedIn, Amazon says that it’s partnering up with Cronos to help Web3 start-ups, together with decentralized finance (DeFi) and infrastructure.

“[Amazon Web Services] is working with Cronos Labs to help the Web3 startups scale and develop by means of the Cronos Accelerator Program to develop DeFi, GameFi, SocialFi, and Infrastructure purposes.”

Information of the collaboration despatched Cronos (CRO), which is used to function Crypto.com’s Cronos Chain, on a rally because it went from its 24-hour low of $0.0677 to a peak of $0.0772, a 14% achieve. The token has since retraced and is buying and selling for $0.0731 at time of writing.

In keeping with Cronos, Amazon shall be serving to startups by means of the Cronos Accelerator Program, which is a three-month program designed to jumpstart new Web3-focused firms.

“Excited to be working with [Amazon] to help Web3 startups’ development by means of the Cronos Accelerator Program. Let’s speed up Web3 innovation collectively!”

This system offers a right away $30,000 stipend, entry to an investing community that options key names throughout the business, and as much as a $300,000 follow-up funding from Cronos Labs’ $100 million ecosystem fund, in accordance with Cronos’ web site.

Different firms which have used Cronos’ Accelerator Program prior to now embody gaming large Ubisoft, and the enterprise capitalist branches of crypto alternate platforms Huobi and OKX.

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