IOST, the native token of the IOST Network, surged by 8.65% after the company announced that it has struck a deal to integrate with Amazon Web Services (AWS).
IOST, which stands for Internet of Services Token, will look to enhance its decentralized finance (DeFi), non-fungible token (NFT), GameFi and web3 offerings by integrating with AWS' web3 solutions, according to an announcement.
The network will use AWS' AI tools and decentralized internet architecture, the announcement added.
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, according to CoinMarketCap.
DISCLOSURE
Please note that our privacy policyterms of usecookiesdo not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.