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 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
TL;DR KOR Protocol will launch a blockchain on Avalanche to modernize the registration, management, and monetization of intellectual property. The infrastructure will allow creators to register
TL;DR Gelato has integrated its blockchain-as-a-service on Avalanche to facilitate the deployment of sovereign networks for institutions. The solution reduces costs and deployment times with interoperability
TL;DR Nasdaq requested SEC approval for an Avalanche (AVAX) ETF managed by Grayscale, converting its trust into a regulated investment product. VanEck also filed for an
TL;DR VanEck registered an Avalanche ETF in Delaware, a preliminary step before a potential SEC filing. AVAX has accumulated a 65% drop so far this year.
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