Experiment IOST Network’s Token Surges Over 8%
IOST, the native token of the IOST Network, increased by 8.65% after the company announced a partnership with Amazon Web Services (AWS).
According to an announcement, IOST, which stands for Internet of Services Token, will look to improve its decentralised finance (DeFi), non-fungible token (NFT), GameFi, and web3 offerings by integrating with AWS’ web3 solutions.
According to the announcement, the network will use AWS’ AI tools and a decentralised internet architecture.
According to CoinDesk, Amazon Web Services is looking to hire for several web3-focused roles, and another report claims that AWS is planning to build its own NFT marketplace.
IOST is a native blockchain that was released to the public in 2018, it aims to achieve 100,000 transactions per second (TPS).
The IOST token is currently trading at $0.127, rising from a low of $0.113 before the announcement was made. Trading volume is up 548% to $66 million.
(With inputs from Shikha Singh)
You need to login in order to Like
