What if AWS said Goodbye to Web3?

It’s no secret that Amazon Web Services (AWS) is the king of the cloud. They’re the biggest and most well-known cloud provider, with a ton of features and services that cater to businesses of all sizes. But what would happen if they decided to say goodbye to web3?

Credit: Google images

The Impact of AWS’s Decision

This decision by AWS is sure to have far-reaching implications.

Major cloud providers could take a lead

For one, it could lead to other major cloud providers following suit and also deciding to distance themselves from web3. This could create a domino effect that would ultimately make it harder for people to use web3 on a day-to-day basis. In addition, this news is sure to spook investors and could lead to a sell-off in the crypto markets.

It would be bad for new budding web3 startups

Many blockchain startups rely on AWS for their infrastructure needs. If AWS were to stop supporting web3, it would be a major setback for these companies. They would need to find another provider or build their own infrastructure, which would be time-consuming and expensive.

It would undermine trust in Blockchain technology

If one of the largest tech companies in the world decides to distance itself from blockchain technology, it would undermine trust in the space overall. This could lead to a slowdown in innovation and adoption, which would be bad for everyone involved.

Dependence on AWS

AWS has been a major player in the web3 space since 2014, when they launched their Elastic Compute Cloud (EC2) service. EC2 has been used by some of the biggest names in crypto, including Coinbase, Kraken, and BitMEX. If AWS were to pull the plug on crypto, those companies would have to find another provider.

Source: ethernodes.org

Why would AWS make such a decision in the first place?

AWS is no longer interested

First, it could be that AWS is simply no longer interested in supporting web3 activities like mining and validator operations.

Environmental concern

Second, it could be that AWS is concerned about the environmental impact of crypto mining. With the growing calls for action on climate change, it’s not surprising that companies are starting to reevaluate their environmental policies.

Using AWS is no longer profitable

And lastly, it could be that AWS is simply no longer profitable. With the price of Bitcoin and other cryptocurrencies falling sharply over the past year, it’s possible that miners and validators are no longer generating enough revenue to justify the cost of using AWS.

How will the web3 world react to such a decision?

Reaction #1: Devastation

The first reaction from the Twitterverse will be the one of devastation. Users will mourn the loss of AWS and wonder what they will do now that their go-to provider is no longer an option.

Reaction #2: Anger

Along with devastation comes anger. Some users will be angry at AWS for making this decision and angry at themselves for not seeing it coming. They will also be worried about how this will impact the future of web3.

Reaction #3: Determination

But not everyone will give up so easily. There will be those who are determined to find a way to keep running their web3 operation running.

How would the web3 industry survive without AWS?

There are a few ways that the web3 industry could survive without AWS.

Use alternative providers

One way is by using other cloud providers such as Microsoft Azure or Google Cloud Platform. However, these providers are not as well equipped to handle the needs of the web3 industry. They do not have as many features and they are not as affordable.

Build their own infrastructure

Another way is by building their own infrastructure. This would be a very costly & time-consuming endeavor. The web3 industry does not have deep pockets like Amazon does. They would also need to find individuals with the necessary expertise to build and maintain this infrastructure. This would be a difficult task given the current talent shortage in the blockchain space.

Use a Decentralized cloud provider like Akash

Akash is built on top of Kubernetes, which makes it easy to containerize and orchestrate your applications. And because Akash is decentralized, you don’t have to worry about vendor lock-in or single points of failure.

Credit: akash.network

Thank you for reading. Cheers!

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Blockchain veteran with 5+ years of experience. I write about Blockchain related concepts. Talk to me about Cosmos.

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Aliasgar Merchant

Blockchain veteran with 5+ years of experience. I write about Blockchain related concepts. Talk to me about Cosmos.