Amazon Web Services and Cronos (CRO) Collaborate in New Partnership
Crypto.com’s native token is experiencing a significant surge after announcing a new collaboration with Amazon Web Services. Amazon has stated that it is partnering with Cronos to support startups in the Web3 industry, such as decentralized finance (DeFi) and infrastructure, through the Cronos Accelerator Program. According to Cronos, Amazon’s involvement in the program will help jumpstart new Web3-focused companies, providing a $30,000 stipend, access to an investing network with key industry figures, and up to a $300,000 follow-up investment from Cronos Labs’ $100 million ecosystem fund. This exciting partnership has propelled the value of Cronos (CRO), which operates Crypto.com’s Cronos Chain, up 14%, from its 24-hour. The Cronos Accelerator Program has previously supported companies such as Ubisoft and the venture capitalist branches of crypto exchange platforms Huobi and OKX.
Clever Robot News Desk 28th April 2023