Amazon Enhances Web3 Development with New Blockchain Tools

On Jul 28, 2023

In a move to strengthen its presence in the Web3 space, Amazon Web Services (AWS) has announced the introduction of two new tools, “Access” and “Query,” to its Amazon Managed Blockchain (AMB) platform. As the world’s largest cloud platform, AWS aims to facilitate the development of blockchain-based Web3 software with these new offerings.

Expanding Opportunities with AMB Access

AMB Access offers developers serverless and scalable access to blockchains, expanding node offerings to enable interaction with digital assets and distributed applications across multiple blockchains through standard remote procedure calls. Initially, the service will support the Bitcoin network, with potential for future expansion to other chains.

On the other hand, AMB Query provides developers with access to blockchain data from multiple chains, starting with Bitcoin and Ethereum, through application programming interfaces (APIs). The pay-as-you-go pricing model ensures flexibility and cost-effectiveness for developers.

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Amazon envisions several potential use cases for these new tools, including custodial and wallet crypto applications and Web3 consumer engagement campaigns that leverage non-fungible tokens (NFTs).

Amazon’s Web3 Ambitions

These latest developments are part of Amazon’s broader entry into the Web3 space, with rumors circulating about the company’s plans to launch its own NFT marketplace later this year. As Web3 continues to gain momentum, Amazon’s efforts in enhancing blockchain infrastructure and offering Web3 solutions signal its commitment to staying at the forefront of digital innovation.

With its massive user base and extensive resources, AWS’s support for blockchain-based projects and Web3 development is likely to attract interest from developers and businesses seeking to explore the potential of decentralized technologies. As the demand for blockchain and Web3 applications grows, AWS’s continuous expansion in this area could play a pivotal role in shaping the future of decentralized infrastructure.