The latest news about Avalanche (AVAX), an open source blockchain that enables the development of Smart Contracts and Decentralized Applications (DApps).
Since its launch in 2020, it has had an exponential growth in terms of number of users and projects being developed on it.
Its native token, AVAX, is one of the most valued cryptocurrencies today and has multiple functions within the platform. It functions as a means of reward for network users.
Avalanche uses a Proof-of-stake (PoS) consensus protocol that rewards participants for staking their tokens.
TL;DR Avalanche combines speed and scalability without compromising security, achieving consensus in under one second. The protocol only requires a fraction of validators per round, making
TL;DR South Korea’s BDACS has unveiled KRW1, the country’s first stablecoin fully backed by the won, running on the Avalanche blockchain. The launch is currently a
TL;DR ETF Filing Momentum: Bitwise filed with the SEC to launch a spot Avalanche ETF, offering direct AVAX exposure through a regulated investment vehicle. AVAX Price
TL;DR Fundraising Strategy: Avalanche Foundation plans to raise $1B through two deals, one private investment and one SPAC, to launch crypto treasury firms in the U.S.
TL;DR RWA Initiative: Avalanche commits $300 million to tokenizing real-world assets, aiming to attract institutional adoption through efficient, transparent on-chain solutions. Corporate Adoption: Toyota explores Avalanche-based tools
TL;DR Re launches reUSD and reUSDe on Avalanche, two fully collateralized institutional products, and rolls out the Re Points Program. reUSD delivers yield from T-bills and
TL;DR Bergen County is tokenizing over 370,000 property deeds on Avalanche, covering $240 billion in real estate under a five-year contract. Balcony is extending the modernization
TL;DR Pixelmon will launch its first major mobile game, Warden’s Ascent, built on Avalanche, featuring turn-based battles and over 100 unique monsters. The franchise will expand
TL;DR Nasdaq has officially submitted an application to the SEC to list VanEck’s proposed Avalanche ETF, offering regulated exposure to the AVAX token without direct purchase.
TL;DR Sumitomo Mitsui Financial Group is collaborating with Ava Labs and FireBlocks to develop a stablecoin with blockchain infrastructure. The supply of stablecoins on Avalanche increased
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