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ThecoinrepublicCryptoAmazon Web Services Pumps Up its Web3...
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Amazon Web Services Pumps Up its Web3 Presence with Strategic Hiring

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  • Amazon has been working for a long to grow its presence in Web 3
  • The cloud service arm of the e-commerce giant is taking a bold step into the Web3 space by hiring staff to grow its client base in this industry.

AWS has been making strides in the blockchain and decentralized technology sector by offering purpose-built tools for companies looking to run either a centralized ledger database or a managed blockchain network.

The company is now looking to add to its Web3 Go-To-Market (GTM) team with a “Senior GTM Specialist, Web3”.

AWS Dominates the Cloud Infrastructure Market

AWS is the world’s largest cloud infrastructure provider, with a market share of 34% in Q3 2022 according to TechCrunch. 

The company’s cloud services are used by a wide range of businesses, from startups to large enterprises, making it the go-to choice for many organizations looking to move to the cloud. AWS has been able to maintain its dominance by constantly innovating and offering new services, which is why its move into the Web3 space is not surprising.

By hiring its Web3 GTM team, AWS is showing its commitment to the decentralized web and the use of blockchain technology. The company recognizes the potential of web3 and taking steps to ensure that it stays ahead of the curve in this rapidly evolving space.

Web3 Adoption on the Rise

Web3 refers to the decentralized web and the use of blockchain technology to create a more secure and trustworthy online environment. The popularity of Web3 has been growing in recent years, and more businesses are looking to take advantage of its benefits.AWS has been at the forefront of this trend, offering tools and services that make it easier for companies to run Decentralized Applications (DApps)and work with blockchain technology.

AWS has created purpose-built tools for blockchain companies that want to run either a centralized ledger database or a multi-party, fully managed blockchain network. According to the AWS website, the company’s services help eliminate intermediaries and maintain an immutable and cryptographically verifiable record of transactions. The company’s efforts to support the Web3 space are already paying off, with a quarter of all Ethereum nodes running on AWS servers.

Amazon’s NFT Marketplace

There have also been reports that Amazon is preparing to launch its Non-Fungible Token (NFT) marketplace. This would make sense, given the growing popularity of NFTs and the potential for the market to grow in the coming years. Tech giants in China, such as Ant Group and Tencent, have already launched their NFT marketplaces, and Amazon would likely want to stay ahead of the curve.

AWS is taking a big step into the Web3 space with its recent hiring efforts. The company is looking to add to its Web3 GTM team to help grow its client base in this area. AWS is the largest cloud infrastructure provider in the world and has been at the forefront of the Web3 trend, offering purpose-built tools and services that make it easier for companies to work with decentralized technology. With a quarter of all Ethereum nodes running on AWS servers and reports of an upcoming NFT marketplace, it’s clear that Amazon is committed to being a leader in the Web3 space.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
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