Snickerdoodle Labs to Launch Consent Layer on Avalanche, Creating More Equitable Relationships…

https://avalancheavax.medium.com/snickerdoodle-labs-to-launch-consent-layer-on-avalanche-creating-more-equitable-relationships-506d571494d4

Snickerdoodle Labs to Launch Consent Layer on Avalanche, Creating More Equitable Relationships Between People, Brands & Data

The Snickerdoodle Marketing Platform and Data Wallet represent a necessary upgrade from the Web2 model, benefiting brands and empowering everyday people to get rewarded for their data.

Snickerdoodle Labs, a transformational data company with a decentralized Marketing Platform and associated Data Wallet, is building its consent layer on Avalanche. This consent layer records on-chain customer consent for brands to use insights generated from customers’ anonymized data. The result: brands can access richer data troves, while everyday people can get rewarded for sharing their anonymized data with brands.

The consent layer is a big step toward the full launch of Snickerdoodle’s Marketing Platform and Data Wallet, which together give brands powerful tools for monetizing data and rewarding customers for sharing their anonymized data. The new customer-brand data economy that Snickerdoodle creates embodies the open, equitable, user-first spirit of Web3 and marks a necessary upgrade from centralized and less private Web2 data sharing models.

The Snickerdoodle Data Wallet, which is in private beta, empowers everyday people by giving them back their privacy and data sovereignty, while unlocking new opportunities to allow them to generate value from their data.

The Snickerdoodle Marketing Platform also empowers brands, providing them with a privacy-first tool to better understand and engage their customers and communities. Within the Snickerdoodle Marketing Platform, brands can learn more about their customers by deploying consent contracts that are received by customers in their Data Wallets. Customers have control over what they want to share and can provide auditable consent to share anonymized data. The Snickerdoodle Marketing Platform makes it simple for brands to learn more about their customers through integrated data dashboards by running campaigns and distributing rewards while respecting data privacy standards.

Brands are already using the platform in private beta testing. “The ability to get consent from individuals to share anonymized Web3 and Web2 data insights with us is a game changer — total marketing unlock,” said private beta tester Sebastian Quinn, Founder of Yesports and Co-Founder of Yieldly.

“We believe that people need the ability to own their data and the value it generates,” said Jonathan Padilla, CEO of Snickerdoodle Labs. “Additionally, brands need tools to engage and learn from their customers in a decentralized fashion. Avalanche’s speed, reliability, and cost efficiency make them the perfect solution to allow our business to scale. We are thrilled to be part of their amazing ecosystem and believe this partnership will bring long-term success for the collective.”

Consumers deserve more for sharing their data. Snickerdoodle rewards them with NFTs, tokens, and more for doing so. On top of benefiting customers, Snickerdoodle’s rewards enhance a brand’s omnichannel marketing strategy, providing new opportunities to create relationships based on clear exchanges of value.

“Snickerdoodle has the potential to disrupt the entrenched Web2 data model in a way that gives agency and tangible benefits to brands and users alike,” said John Nahas, Vice President of Business Development at Ava Labs. “We’re very excited to see how the Snickerdoodle platform develops and how it benefits the Avalanche community, and we look forward to showcasing it at Avalanche Summit in May.”

To join the private beta and learn more, please visit: www.snickerdoodle.com

For further information, contact:
Snickerdoodle Labs
Shira Stember, CMO & Co-founder
Email: hi@snickerdoodlelabs.io

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

About Snickerdoodle Labs

Snickerdoodle Labs is a transformational data company that is creating a more equitable and rewarding relationship between people and brands by unlocking the value of data. The Snickerdoodle Marketing Platform and associated Data Wallet empowers people to monetize their data and gives brands a way to get consumer insights directly from their customers. We solve critical issues in Web 3 that range from customer attribution to how non-custodial wallets generate revenue and we do it all with a privacy-first approach.

Merit Circle DAO to Launch Gaming Subnet with Tooling, Three Games, and Many More to Come

https://medium.com/avalancheavax/merit-circle-dao-to-launch-gaming-subnet-with-tooling-three-games-and-many-more-to-come-4cdcc7896779

The Subnet, Beam, will streamline game deployment for developers — and aim to shape the future of Web3 gaming.

Merit Circle DAO, a gaming DAOs with 60+ partner games, will launch Beam, an Avalanche Subnet tailored specifically to Web3 gaming development and gameplay. At or shortly after launch, Beam will offer existing Merit Circle products plus extensive new gaming-focused tooling, an NFT marketplace (Sphere), and three new games. Merit Circle plans for Beam to support dozens of Avalanche games.

Beam will be an independent, sovereign network catering to the range of gamers and game developers. Three of the first games slated for release on Beam are Trial Xtreme, Walker World, and Hash Rush.

Trial Xtreme is a thrilling racing game with 250M+ worldwide downloads. The flagship offering from the acclaimed Gameplay Galaxy, a studio aiming to develop a decentralized competitive gaming ecosystem, will launch down the road on Beam.

Powered by Unreal Engine 5, Walker World is a massive interoperable open-world experience where players and creators come together to own and build on their land, cooperate in heated game modes, and explore a vast universe filled with shared rewards.

Hash Rush, a pioneering Web3 MMORTS game, where players can explore the vastness of the Hermeian Galaxy. Gamers can build a base, marshall resources, enhance their strategies by recruiting heroes, and attempt to defeat enemies in epic battles.

In addition to games, Beam will have offerings allowing players to do more with their gaming assets and developers to launch games more seamlessly. For instance, an AMM will allow players to swap tokens linked to Beam dApps. Sphere, an NFT marketplace that devs can lego into their games, will enable players to buy in-game assets. Beam will also support native Avalanche SDKs, APIs, wallets, bridges, and analytics tools.

Merit Circle says that it chose Avalanche for its speed, quick settlement, security, and the open-ended possibilities that Subnets unlock for games and game developers.

“Beam is meant for gamers and game developers alike: to take away the complexity and still offer true ownership and easy control of that ownership,” said Brandon Aaskov, CTO Merit Circle DAO. “To get there, we’re incredibly excited to work with Ava Labs who have proven that scaling via subnets works effectively and efficiently. To keep transactions flowing and fees low, we’re optimizing Beam specifically for game-heavy workloads so that the ‘hard stuff’ with on-chain operations becomes an afterthought for everyone but Merit Circle.”

More exciting info on Beam will be spawning soon.

This post is based on materials provided by Merit Circle DAO. For more information, visit Merit Circle’s website. Also, please read this important notice.

About Avalanche

About Merit Circle

The Merit Circle DAO is an ever-evolving digital ecosystem built by a global community to build the future of gaming. With a strong foundation in the web3 space, the DAO is committed to integrating the endless possibilities of blockchain technology with the latest in gaming to create the next generation of immersive gaming experiences.

https://meritcircle.io/

Merit Circle DAO to Launch Gaming Subnet with Tooling, Three Games, and Many More to Come was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Financial Institutions Join Avalanche Evergreen Subnet, ‘Spruce’, to Drive On-Chain Finance…

https://medium.com/avalancheavax/financial-institutions-join-avalanche-evergreen-subnet-spruce-to-drive-on-chain-finance-99686b715a55

Financial Institutions Join Avalanche
Evergreen Subnet, ‘Spruce’, to Drive On-Chain Finance Innovation

Initial institutional partners include T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland.

The Evergreen Subnet, “Spruce,” has been launched with an initial cohort of institutional partners that includes T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland. Participating institutions will be using Spruce as a testnet for a variety of applications and assets to measure the benefits of on-chain trade execution and settlement.

“Participating in the Avalanche Spruce testnet presents a valuable opportunity to deepen our understanding and analysis of smart contract technology and the potential applications of public, permissioned blockchains in financial markets,” said Blue Macellari, Head of Digital Assets Strategy, T. Rowe Price Associates.

The Spruce testnet is meant to enable buy- and sell-side institutions to engage with public blockchain infrastructure in a low-risk, low barrier-to-entry manner. Using valueless tokens allows institutional participants to experience the full functionality of Avalanche’s Subnet architecture without putting capital at risk.

Institutional partners will use DeFi applications on Spruce to execute foreign exchange (FX) and interest rate swaps, with other areas in active research and development. Future phases of Spruce will welcome additional third-party applications, assets, and processes, including the exploration of tokenized equity and credit issuance, trading, and fund management. Institutions will be key in providing ongoing feedback about Subnet architecture, integrations, and capabilities in order to ensure a successful and scalable mainnet implementation.

“We believe tokenization and blockchain will play an important role in financial services going forward,” said Will Peck, Head of Digital Assets, WisdomTree. “Avalanche Spruce provides an opportunity to further explore the potential efficiencies and benefits of on-chain trading and settlement with other financial institutions. We are looking forward to experimenting in this EVM-based testing environment.”

Upon onboarding, institutions’ wallets are issued non-transferable tokens (NTTs) indicating they’ve passed KYC/KYB checks; in addition, their wallet addresses are embedded in an allowlist, which monitors access at the chain level. Smart contract deployers who have integrated key infrastructure and applications also undergo the onboarding process for their activity on Spruce.

In a recent research report, executives from Uniswap Labs and Circle Internet Financial cited a 2022 BIS Triennial Survey indicating that “around one-third of deliverable FX turnover, around $2.2 trillion, is at risk on any given day, up from $1.9 trillion in 2019.” Potential benefits of on-chain FX and cross-border payments include payment vs payment transactions, atomic settlement, and reduced counterparty risk.

Said Mark Garabedian, Director, Digital Assets and Tokenization at Wellington Management:

“Avalanche Subnets provide a potential settlement solution that enables financial transactions with enhanced operational efficiencies, reduced risks, and regulatory compliance without creating liquidity islands or reduced interoperability. We look forward to experimenting with this technology to determine its suitability for institutional workflows, and its potential to reduce costs thus adding value for our clients.”

Said John Wu, President of Ava Labs:

“This groundbreaking collaboration creates a secure, controlled, and exciting opportunity for the world’s financial institutions. We see Spruce, and more broadly, Avalanche Evergreen subnets, as a meaningful step in exploring the possibilities of digital finance.”

Spruce is a type of Evergreen Subnet for institutional blockchain deployments. Evergreen Subnets are EVM-based chains with a permissioned validator set and a custom gas token to power transactions. Ultimately, Spruce and the Evergreen Subnets aim to address many of the issues with permissioned DeFi precluding broader institutional adoption of public blockchain infrastructure.

Get in touch to launch your use case with Evergreen Subnets, or to discuss further:

Visit https://www.avax.com/evergreen
Reach out to Morgan Krupetsky, Director of BD, Institutions & Capital Markets at Ava Labs: morgan.krupetsky@avalabs.org

About Avalanche

About Ava Labs

Ava Labs makes it simple to launch decentralized applications on Avalanche, the fast and secure smart contracts platform. We are empowering people to easily and freely digitize all the world’s assets on one open, programmable blockchain platform.

Ava Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. The company has received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital, with angel investments from Balaji Srinivasan and Naval Ravikant.

Website | Twitter | LinkedIn | Facebook

Financial Institutions Join Avalanche
Evergreen Subnet, ‘Spruce’, to Drive On-Chain Finance… was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Moongate to Drive “Phygital” Experience with Dynamic Avalanche NFTs

https://medium.com/avalancheavax/moongate-to-drive-phygital-experience-with-dynamic-avalanche-nfts-4604eb78a28f

Moongate’s NFTs allow event attendees to unlock or earn upgradable rewards and access based on real-life interactions.

Moongate, a platform aiming to revolutionize ticketing and membership by creating engaging, gamified, and immersive experiences through the use of dynamic NFTs, will be designing NFT campaigns for Avalanche developer Ava Labs. Moongate focuses on the “phygital,” meaning experiences giving the digital new dimensions of value in the physical world.

How exactly do Moongate NFTs shoot to drive further engagement?

Moongate’s NFTs allow event attendees to unlock or earn upgradable rewards and access based on real-life interactions. Moongate offers a no-code solution for businesses to easily create these NFTs and weave them in their events and other operations.

Moongate’s end-to-end platform is tailored to users of all crypto knowledge levels, from OG to relative newbie. Key features include email/social-based self-custodial wallets, support for cash payments, and tools to facilitate IRL integration. The platform also prioritizes post-NFT-minting management, opening the door to creative and engagement possibilities beyond those of Web2 ticketing and membership platforms.

With Moongate’s easy end-to-end solution and Avalanche’s speed, security, and reliability, the integration will enable businesses to launch NFT campaigns that drive engagement while providing a richer, more efficient ticketing and membership system.

For instance, Moongate and Ava Labs recently launched a concert showcasing an Avalanche Park X Ed Balloon series at Belasco Theater in Los Angeles. All of the roughly 1,000 concert attendees received a free Avalanche Park NFT upon arrival, which unlocked unique experiences, including a raffle via MynaSwap for a pair of rare shoes from Cool Kicks.

The event illustrates the potential of dynamic NFTs to create engaging, gamified, immersive experiences that can catalyze real-world interactions and revenue. Partnering with Ava Labs and building on Avalanche allows Moongate to stay at the forefront of innovation and continue driving NFT adoption in the event ticketing and membership industry.

Provided for informational purposes only, without representation, warranty or guarantee of any kind. None of this is as an endorsement by the Avalanche Foundation Limited, Ava Labs, Inc. or any of their respective subsidiaries or affiliates, nor is any of this investment or financial advice. Please review this Notice and conduct your own research to properly evaluate the risks and benefits of any project.

About Moongate

Moongate is building the underlying technology to drive the mass adoption of smart tickets and memberships. Through our platform, brands and businesses can easily create customized NFT digital assets that seamlessly integrates into real world operation. To date, we have worked with a broad range of conferences, F&B chains, retail brands, and hospitality groups with our technology implementation; our product has been used by tens of thousands of end users, and has proven to drive customer engagement and revenue.

Website | Twitter | Telegram | Linkedin | Email Us

About Avalanche

Moongate to Drive “Phygital” Experience with Dynamic Avalanche NFTs was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Avalanche Launches ‘Evergreen’ Subnets for Institutional Blockchain Deployments

https://medium.com/avalancheavax/avalanche-launches-evergreen-subnets-for-institutional-blockchain-deployments-8cb75cfcc151

Evergreen Subnets have the scale of public blockchains, with the security and control of private blockchains

Ava Labs has announced the launch of Avalanche Evergreen Subnets, a suite of institutional blockchain deployments, customizations, and tooling designed to address company-specific and industry-wide requirements for financial services. Crucially, Evergreen Subnets maintain the benefits of public network development while enabling particular features historically only possible within enterprise solutions.

“Thus far, financial institutions’ enterprise blockchain applications have been hindered by a walled-garden approach that, among other things, restricts liquidity and interoperability from initiative to initiative,” said Morgan Krupetsky, Director of Business Development for Institutions and Capital Markets, Ava Labs. “However, there continues to be a significant need for customization and control, particularly among institutional use cases. The Avalanche network ultimately offers a perfect synthesis of the strengths of public and private blockchains, which is why we’re so thrilled to debut Avalanche Evergreen.”

Institutions are easily able to launch their own Evergreen Subnets for either research and development purposes or production-ready use cases as they continue exploring blockchain benefits around process efficiencies, transparency, composability, asset tokenization, and more. With Evergreen Subnets, institutions can pursue their blockchain and digital asset strategies in private, permissioned chains with known and approved counterparties, while retaining the ability to communicate and interoperate with other Subnets through Avalanche’s native communication protocol called Avalanche Warp Messaging (AWM). AWM provides a messaging layer that enables seamless on-chain asset swapping, data transfer, confirmations, and other types of intra- and inter-institutional communications without relying on third party intermediaries or bridges.

AVALANCHE SUBNETS

Avalanche’s unique Subnet architecture can empower everyone from individual builders and teams, to institutions and government agencies, to launch custom blockchains optimized for their specific use case. Subnets are seamlessly interoperable with the broader Avalanche network, but isolate traffic to dedicated infrastructure securing the chain, enabling Avalanche to scale without limits. Currently the Avalanche network already boasts several EVM-based Subnet deployments on Mainnet and Testnet across industries and use cases, including DeFi, Gaming, NFTs, enterprises and institutions. A few examples include the Intain Subnet — a tokenized Asset Backed Securities (ABS) administration application and marketplace; the Dexalot Subnet — an on-chain central limit order book; and the Deloitte Subnet — a platform for more efficient FEMA fund disbursements.

About Avalanche

About Ava Labs

Website | Twitter | LinkedIn | Facebook

Avalanche Launches ‘Evergreen’ Subnets for Institutional Blockchain Deployments was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Gunzilla Launches AAA Shooter on an Avalanche Subnet

https://avalancheavax.medium.com/gunzilla-launches-aaa-shooter-on-an-avalanche-subnet-27d29c6eb593

Gunzilla Games has partnered with Avalanche to build the first-ever Gaming Layer 1 Blockchain built by game developers for game developers.

Gunzilla Games, an independent AAA game studio, announced today the launch of GUNZ, an innovative and sustainable blockchain-based digital economy platform fully built on an Avalanche Subnet. This Subnet has been customized to enable seamless gameplay, utilize only in-game tokens for gas fees, and provide an intuitive, rewarding user experience for both Web3 and traditional gamers. Other gaming studios will be able to leverage the GUNZ SDK and white-label components, such as a built-in companion app, marketplace, and NFT minting engine, to build and launch their own projects on GUNZ.

Designed with the gaming community and blockchain enthusiasts in mind, GUNZ aims to give players the option to get involved in Play-to-Own mechanics by offering verifiable transparency. The platform will be first integrated into Gunzilla Games’ upcoming Battle Royale 2.0 game, Off The Grid (OTG).

OTG aims to revolutionize the Battle Royale genre by emphasizing storytelling and digital ownership, allowing players to influence both gameplay and narrative through their in-game decisions. GUNZ strives to be one of the first player-friendly crypto-economies in a AAA game, aiming to empower players by granting them complete ownership over their in-game items in the form of NFTs.

More projects building on GUNZ will be announced soon.

“Our partnership with Avalanche not only allows us to leverage its highly scalable and secure blockchain infrastructure but also ensures a seamless, low-latency gaming experience for our players,” explained Vlad Korolov, CEO and Co-Founder of Gunzilla Games, “By building GUNZ, we aim to revolutionize the gaming landscape with a transparent in-game asset management system by providing a number of market-standard features for game developers who are creating their economy on blockchain.”

Avalanche launched in September 2020, ushering in a new era for blockchains with near-instant transaction finality. Today, Avalanche supports 500+ applications and secures billions of dollars in value, all while having minimal climate impact. Avalanche also supports Subnets like Gunz — custom, app-specific blockchains allowing the network to scale nearly infinitely.

The partnership between Gunzilla Games and Ava Labs, the main developer of Avalanche, is another great recent example of gaming leaders recognizing the power of Avalanche Subnets to provide the best gaming experience.

“Gunzilla Games has ambitious plans to migrate the best of Web2 gaming to Web3 while delivering the top-tier quality gamers demand,” said Emin Gün Sirer, Founder and CEO of Ava Labs. “The Off The Grid Subnet and Web3 publishing stack are amazing additions to the new wave of Avalanche games.”

For more information on GUNZ, visit [LINK] and follow the project on Twitter and Discord.

To make sure you don’t miss any updates and for more information on Gunzilla, follow the studio on Twitter, Instagram, and Facebook.

About Avalanche

About Gunzilla Games

Founded in 2020, Gunzilla Games is an independent AAA developer working on next-generation Battle Royale games from three metropolitan locations: Frankfurt, Germany (HQ); Los Angeles, USA; and Kyiv, Ukraine. The company was co-founded by serial entrepreneur Vlad Korolov, CEO, and Alexander Zoll, CSO.

Gunzilla’s formidable team comes from various industry-leading studios and publishers, including Ubisoft, Electronic Arts (EA), Blizzard Entertainment, THQ, and more. Oscar-nominated screenwriter, director, and producer Neill Blomkamp joined Gunzilla as Chief Visionary Officer. In addition, the team features industry veterans such as Richard K. Morgan, the author of the Altered Carbon series, which has since been adapted into an award-winning Netflix show, and Timur Davidenko, who led the development of CryEngine as Technical Director and worked on Far Cry, Warface, and Crysis. Gunzilla is built on the desire to innovate and push the limits of the industry.

SK Planet Announces UPTN, South Korea’s Long-Awaited Web3 Ecosystem Built on Avalanche

https://medium.com/avalancheavax/sk-planet-announces-uptn-south-koreas-long-awaited-web3-ecosystem-built-on-avalanche-36b7bb6e6ea8?source=rss-f7c9f4ea738f------2

UPTN to be Integrated with the Largest Loyalty Program in South Korea using the Avalanche Protocol.

SK Planet, one of South Korea’s largest information and communications technology platforms, will be launching a dedicated Avalanche Subnet, UPTN, which will act as a Web3 portal for SK Planet’s millions of users. The UPTN Subnet will serve as a foundation for digital collectibles, Web3 wallets, decentralized communities, and much more.

“Ava Labs is fully committed to supporting South Korea’s buyers and merchants as they explore the unique benefits of the Avalanche ecosystem,” said Emin Gün Sirer, CEO, Ava Labs. “We see this new partnership between Ava Labs, the Avalanche Foundation, and SK Planet as an incredible opportunity to not only meet South Korea’s enormous appetite for Web3 experiences, but expand what’s possible in 21st century e-commerce.”

UPTN will be integrated into SK Planet’s many popular services and apps, such as OKcashbag (OCB). OCB is the largest e-commerce loyalty program in Korea, membership of which comprises almost half of the South Korean population. OCB’s community will gain access to NFTs, unique community features, and dynamic membership benefits powered by the Avalanche protocol.

Ava Labs has been active in South Korea’s critical Web3 market for years, and the Avalanche blockchain’s explosive growth in the region has been fueled by partnerships — such as with SK Planet — as well as the country’s Web3-savvy population. According to research by Ava Labs, Avalanche’s brand recognition in the country skyrocketed 139% QoQ in Q4 ‘22.

SK Planet, a subsidiary of SK Square, offers e-commerce and digital marketing solutions, including some of South Korea’s most popular loyalty programs. Through collaborations with global partners like Ava Labs, SK Planet is committed to expanding its platforms not just in Asia, but other strategic markets globally.

“SK Planet plans to expand into new businesses and fields, and will be reborn as a global company that provides innovative information and communications technology powered by the Avalanche blockchain,” said Lee Han-Sang, CEO, SK Planet. “SK Planet will work closely with Avalanche to unlock synergies and offer differentiated benefits to our customers.”

Avalanche Subnets empower everyone from individuals to enterprises to build custom, app-specific blockchains optimized for their specific use case. Subnets are seamlessly interoperable with the broader Avalanche network, but isolate traffic to dedicated infrastructure securing the chain, enabling Avalanche to scale without limits.

About Avalanche

Avalanche is a smart contracts platform built to scale infinitely and finalize transactions in under a second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable businesses to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for both Web3 devs and businesses.

About SK Planet Co., Ltd.

Based in Seoul, Korea, SK Planet is a leading technology company that creates new value for businesses by leveraging data. On top of its expertise in marketing platforms and business solutions, the company offers differentiated value by collecting and analyzing over 130 million pieces of data from major services across SK Group. SK Planet enhances the productivity of operations in corporate clients with its marketing platforms — which include “OK Cashbag”, Korea’s largest integrated mileage service, and “Syrup”, an asset-management platform — as well as business solutions in a wide variety of areas, including IoT, media, and AI. For more information about SK Planet, visit www.skplanet.com/eng.

SK Planet Announces UPTN, South Korea’s Long-Awaited Web3 Ecosystem Built on Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Developer Spotlight: Jomari Peterson Says His Biggest dApp is Yet to Come

https://medium.com/avalancheavax/developer-spotlight-jomari-peterson-says-his-biggest-dapp-is-yet-to-come-ee83c70c7fad

“As a dev, you want to be prepared not only for where things are, but where they’re going.”

Developer Jomari Peterson has been building the future on Avalanche since its early days. He tends to juggle projects, like a lending platform, an auto-compounder, and a privacy-preserving protocol (to name a few), but Jomari believes his next dApp could be his biggest yet — and take DeFi to the mainstream with it.

Jomari first tried Avalanche after hearing about Pangolin. “I saw that it was proof-of-stake and was incredibly fast,” he said. “I said ‘oh snap, this is exactly what I’ve wanted to build on. This might just be the place for me.’”

Reflecting back from today, after countless hours developing on Avalanche, he knows his first instinct was right.

“As a dev, you want to be prepared not only for where things are, but where they’re going,” he said. “With Avalanche, you can be a first mover and launch a Rust or WASM VM to leverage the tooling from the platform. Whatever your tooling purposes, you can bring them to Avalanche and maximize your efficiency and effectiveness. That’s very valuable for developers.”

In Jomari’s experience, Avalanche can flex to his preferences and evolve as the goals of a project adapt to the long-term development of Web3. Couple that toolkit with Avalanche’s reliability, “academic rigor” underpinning the network, the ability of Ava Labs to “execute and support with marketing,” and you’ve got a hotbed for innovation.

“The tooling on Avalanche provides developers a robustness of opportunity,” he said. “It allows you to execute your vision faster, and on a chain with faster transaction speed and finality.”

Jomari seems to have a knack for skating to where the Web3 puck is going. These days, he’s developing two new projects.

The first is RITHM, a DAO helping users create and curate algorithmic art, including generative and AI art. Avalanche is the DAO’s home. DAO membership dues go toward purchasing NFTs and furthering the tech of the DAO’s forthcoming NFT-minting dApp. Jomari has a vision for the DAO, including potentially launching a “collaborative” Subnet down the road.

His second impending dApp is FiHub.

FiHub will help people navigate “the DeFi system through action-based, active discovery and learning.” Jomari said this forthcoming dApp will have a comprehensive dashboard, from which users can manage, track, and learn about digital assets. Education will be ongoing, as there will be real-time notifications, some triggered by on-chain data. He plans for users to earn rewards for participating in and learning about DeFi, including through algorithmically curated content.

His goal for FiHub: a friendly DeFi environment, one that might help appeal to the hundreds of millions of Web3 users that currently stick to CeFi.

Avalanche is helping Jomari build his vision of the future, and Jomari is helping write the future of Avalanche — which he believes is just beginning.

“The reason that I build in this space is so that I can affect change,” he said. “I believe that on Avalanche we’re building out the tools for the future. I think we’re just on the cusp of building the things that will empower the masses.”

For more on Jomari, start with his Twitter.

About Avalanche

Developer Spotlight: Jomari Peterson Says His Biggest dApp is Yet to Come was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Avalanche Foundation Launches Avaissance, a Trailblazing NFT Initiative Featuring Artist…

https://medium.com/avalancheavax/the-avalanche-foundation-launches-avaissance-a-trailblazing-nft-initiative-featuring-artist-b357b9112fc0

The Avalanche Foundation Launches Avaissance, a Trailblazing NFT Initiative Featuring Artist Residencies for 50+ Digital Creators

The unique program aims to spur Avalanche NFT growth through specialized mentorship, financial support, and DAO curation of Avalanche art.

The Avalanche Foundation has launched Avaissance, an initiative to support on-the-rise digital artists and drive Avalanche NFT ecosystem growth. Avaissance has two signature components: an Artist in Residence program (AIR) for 50+ artists, and the Mona Lisa Initiative (MLI), which is a digital art curation collaboration that will jump-start the next generation of Avalanche art.

Avaissance intends to bring a Renaissance to Avalanche NFTs, sparking artists and spurring the ecosystem’s momentum. Artists can already benefit enormously from Avalanche’s speed, reliability, and low fees, all of which make creating and collecting NFTs frictionless. Avaissance aims to help take Avalanche NFTs to yet another level.

Artist-in-Residence (AIR)

From now through April 28, artists of any skill level working in any digital medium can apply for AIR. The residency will be digital. Artists from across the world (with a few exceptions) can apply. The first cadre of 50+ residents will be announced in May.

AIR will give accepted artists a 6-month opportunity to pursue a personal creative project while receiving substantial funding, one-on-one mentorship, virtual workshop opportunities, and support from the Avalanche ecosystem. Artists can attend educational sessions tailored to helping them manage successful careers. The first group of AIR mentors includes:

Emonee LaRussa, Emmy-winning motion graphics artist who has worked with Lil Nas X, Megan thee Stallion, and the Grammys
Dave Krugman, founder of the creative community ALLSHIPS and a photographer, crypto artist, and writer
Ryan Wen, Chief of Staff at Stacked Studios and Valhalla, an NFT project creating a Web3 gaming brand and community

AIR’s one-hour virtual workshops will cover a range of subjects, such as marketing strategies and how to use digital tools. AIR artists will also gain networking opportunities. The program’s 50+ artists will each release one collection of work on Avalanche.

Mona Lisa Initiative (MLI)

For the other component of Avaissance, the Mona Lisa Initiative, the Avalanche Foundation will collaborate with DAOs’ curatorial teams, helping to cement the next generation of digital art.

The Foundation plans to gift Avalanche NFTs to pioneering art-focused DAOs, expanding the DAOs’ NFT collections. DAOs participating in the MLI curation will be announced soon. The priority will be collecting and highlighting work from up-and-coming Avalanche NFT artists.

Finally, the MLI will establish an Avalanche Permanent Collection.

How to Apply

Digital artists of all experience levels are invited to learn more, submit their portfolios, and apply for AIR. For more info (including on limitations), visit www.artonavalanche.com/avaissance.

About Avalanche

The Avalanche Foundation Launches Avaissance, a Trailblazing NFT Initiative Featuring Artist… was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Builder Spotlight: The Lemonade Foundation and Insuring Smallholder Farmers with Avalanche

https://avalancheavax.medium.com/builder-spotlight-the-lemonade-foundation-and-insuring-smallholder-farmers-with-avalanche-78d45ff5a37a

Roy Confino, Head of Strategy and Operations at Lemonade Foundation, explains how a program built on Avalanche safeguards Kenyan farmers from climate risks.

This fall, Eunice Jesang insured her whole maize crop for $.83. Eunice is a farmer in Kenya. She plants, tends her crop, and harvests when the time comes. She relies on the harvest for income, so spending $.83 to secure payment for her entire crop in the event of a climate-driven catastrophe provides financial protection that wasn’t there before. What makes it possible now? An insurance-like application built by the Lemonade Crypto Climate Coalition on Avalanche.

“This insurance product is built end-to-end on blockchain,” explained Roy Confino, head of strategy and operations at Lemonade. “It utilizes strategies that would be impossible with regular technology, with regular financial instruments. I don’t think it’s comparable to anything in the insurance space.”

The app is simple. Farmers get a quote on their phone. They pay, creating a policy. If weather conditions are bad and crops fail, farmers receive a sum.

Already, some 7,000 Kenyan farmers have obtained crop insurance through the program. Its protection comes at a time when farmers like Eunice Jesang are increasingly at risk due to the stronger, more erratic storms of climate change.

When crops fail, payment is automatic. No need to file claims.

“Just because it’s on-chain doesn’t mean it’s complicated,” Roy said.

Daniel Schreiber on Twitter: "Today at 13:39 East African Time, in Makeuni County, Kenya, Eunice Jesang paid $0.83 to insure her maize against crop failure. This was enabled by Lemonade Crypto Climate Coalition. #Insurance + #crypto at its most impactful. https://t.co/oKm4R0S32o https://t.co/6CuqmJDNvA pic.twitter.com/M9DMwdxDHW / Twitter"

Today at 13:39 East African Time, in Makeuni County, Kenya, Eunice Jesang paid $0.83 to insure her maize against crop failure. This was enabled by Lemonade Crypto Climate Coalition. #Insurance + #crypto at its most impactful. https://t.co/oKm4R0S32o https://t.co/6CuqmJDNvA pic.twitter.com/M9DMwdxDHW

The Lemonade Crypto Climate Coalition brings these principles to its Avalanche-powered initiative in Kenya with industry-leading partners. With expertise in their respective fields, Chainlink and DAOstack are also contributing on the blockchain end, while Lemonade, Etherisc, Hannover Re, and Pula are building highly accurate, fully automated crop insurance models — all working together to solve the challenges we know today.

The initiative was announced in March 2022 and initially funded primarily by The Lemonade Foundation, the nonprofit founded by digital insurance company Lemonade to effect exponential social and environmental impact through technology.

For the initiative, Roy and his team devised a program that uses Avalanche and on-chain infrastructure like Chainlink oracles to solve a problem that was previously deemed unsolvable. “In Kenya, less than 3% of people have insurance,” Roy said. “Farmers basically bear the risk alone. With blockchain, we can provide a platform to help pool that risk, and the right tool to do that is insurance.”

Before blockchain, the obstacle was cost. With traditional insurance and its tangle of brokers and agents, insuring small farmers where premiums are less than $10 a year doesn’t make financial sense. But with the Lemonade Crypto Climate Coalition offering policies at-cost and with the speed, reliability, and low fees of Avalanche, small-but-mighty policies become possible.

Even behind the curtain, the technical picture is simple. Money for the policies is held as stablecoins on Avalanche. Once certain weather or crop conditions occur, Chainlink oracles send this data on-chain to the application’s smart contracts, prompting instant payouts.

*Roy Confino spearheads the Lemonade Crypto Climate Coalition’s Kenya project*

“We use what’s called the area yield index,” Roy said. “We take a segment of land, and let’s say 1,000 farms are on the land. We sample five. If those farms usually grow 3 tons of maize per hectare but they end up growing less than 2 tons, we pay all the farms.”

Roy notes that the coalition deployed on Avalanche for three reasons. First, Avalanche is an eco-friendly protocol, and one of its primary developers, Ava Labs, purchases carbon credits to offset its minimal carbon footprint. Second, Avalanche consistently achieves low transaction fees, a necessity for small policies. Third, Avalanche is compatible with existing infrastructure, making it familiar to builders.

“Building on Avalanche was seamless,” Roy said.

The Lemonade Crypto Climate Coalition’s first initiative provides an example of crypto’s transformative real-world potential. “I believe that over time more and more financial products will either move or have corollaries in and on the blockchain,” Roy says. “I think that this is one of the first projects to do that, but I believe that there will be many more.”

That he has helped develop the program means a lot to Roy. He lived in Kenya during his early teenage years. “I saw poverty day to day,” he recalled. “I saw subsistence farmers. It’s something that I’m very fortunate to be able to come full circle and help the communities I grew up with.”

In Africa alone, there are hundreds of millions of subsistence farmers. Roy notes that the project’s Kenya phase might be the first step, a proof of concept that could be broadened. In other words, the pioneering policies that Avalanche is now unlocking might just be the beginning.

This post is based on materials provided by The Lemonade Foundation. For more information, visit The Lemonade Foundation’s website. Also, please read this important notice.

About The Lemonade Foundation

The Lemonade Foundation is a nonprofit organized under IRC section 501(c)(4). The foundation was founded by Daniel Schreiber and Shai Wininger and funded by Lemonade shareholders prior to the company’s IPO. The Lemonade Foundation is an independent legal entity, and is not owned or controlled by Lemonade, Inc. or its shareholders. Lemonade’s founders currently serve as directors in the foundation.

More information can be found at www.lemonade.org.

About Avalanche

Avalanche is a smart contracts platform built to scale infinitely and finalize transactions in under a second. Its revolutionary consensus protocol and novel Subnets enable Web3 developers to easily launch highly-scalable solutions. Deploy on the EVM, or use your own custom VM. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

TYB and Shopify Bring Web3 Loyalty Platform to Major Consumer Brands, Powered by Avalanche

https://medium.com/avalancheavax/tyb-and-shopify-bring-web3-loyalty-platform-to-major-consumer-brands-powered-by-avalanche-7a050dd2b7b8

Millions of new brands can start using TYB’s all-in-one community-management platform, empowering them to directly engage and reward fans for taking valuable actions

TYB is now available on the Shopify App Store, making it the first end-to-end Web3 community-powered loyalty solution available to Shopify’s millions of merchants through an Avalanche-based platform. The app allows Shopify merchants to implement TYB’s community-integrated-commerce tools to directly connect with and reward fans for taking valuable actions, like referring friends to the brand, writing reviews, and creating and sharing social media content.

Before the launch of the TYB Shopify App, major consumer brands had already been using TYB’s existing white label solution to create a custom platform with community tools for cultivating deeper, more meaningful engagements with fans across the world. These brands include JuneShine, Figlia, Body, Loverboy (of Bravo’s Summer House fame), 54 Thrones, and Topicals, Sephora’s fastest-growing skincare brand.

Now, with the TYB Shopify App, engaging and rewarding fans has never been easier. Brands can issue gamified challenges, co-create products, amplify their marketing campaigns, and reward fans for their engagement all via a directly-owned community channel.

Building TYB on the Avalanche blockchain enables brand fans to own their brand digital collectibles that can now be redeemed for promotions on each brand’s Shopify ecommerce site. Brands can easily create, distribute, and assign exclusive holder perks to their very own digital collectibles, allowing them to connect with fans in creative new ways. For fans, TYB has enabled seamless acquisition of multiple brand collectibles in one user-facing wallet that only requires an e-mail address.

As the consumer brand landscape continues to change with increasing costs and competition for customers across multiple channels, TYB’s launch on the Shopify App Store enables brands of all sizes to form a direct relationship with their biggest fans.

“After building Outdoor Voices, where community was our moat, I wanted to create a tool for brand-builders to automatically reward their customers for taking valuable actions, from sharing on social media, to co-creating products, to planning IRL events. Avalanche’s blockchain eco-friendly technology enables these community members to own their efforts…and now with Shopify, their rewards,” said Ty Haney, CEO of TYB.

“Tokengating is the next frontier of loyalty and buyer engagement, and we’re thrilled to see TYB, founded by a team that has built multiple brands themselves, come to life for merchants everywhere,” said Alex Danco, Director of Product at Shopify. “We’re happy to welcome the TYB app to the Shopify App Store, bringing its insight and experience to Shopify’s millions of merchants.”

Avalanche helps merchants who use the app upgrade their stores and fan experiences with fast, environmentally-friendly digital collectibles. Avalanche launched in September 2020, ushering in a new era for blockchains with near-instant transaction finality. Today, Avalanche supports 1000+ dApps and secures billions of dollars in value, all while having minimal climate impact.

“We’re excited that Avalanche can power the first Shopify white-label end-to-end community-powered Web3 loyalty solution available to all brand builders, regardless of their size. We look forward to Avalanche, TYB, and Shopify leading the way in the fast-growing field of blockchain-enabled rewards programs,” said John Nahas, Vice President of Business Development at Ava Labs, a developer of the Avalanche blockchain.

About TYB

TYB enables brands to make Community their most valuable growth channel. TYB is an all-in-one community management platform that allows brands to directly connect with, engage, and reward fans for taking valuable actions.

Click here to join a brand community already on the TYB platform, here to watch a video of how the new Shopify integration works, or here to watch a tutorial on how to join a brand as a user.

About Avalanche

Press Contact: press@tyb.xyz, press@avalabs.org

TYB and Shopify Bring Web3 Loyalty Platform to Major Consumer Brands, Powered by Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Simon Fuller and Now United to Release Interactive Film/Album on Avalanche

https://medium.com/avalancheavax/simon-fuller-and-now-united-to-release-interactive-film-album-on-avalanche-9ff798e6d54e

Fans can experience the drop first and access other exclusive digital and IRL perks through the OP3N app and Avalanche

On March 22, Simon Fuller and his pop group, Now United, are releasing a Hollywood-Web3 crossover album/film built on Avalanche. Fans can watch or listen by buying tickets through OP3N, an app blending Web2 and Web3 to curate novel experiences for fans in arts and entertainment. The release has three tiers of tickets. Each comes with perks, including digital collectibles, access to the artists and bonus content, and even a chance to participate in a live dance session with Now United members.

“The Musical” is a live-action musical film following Rodney, a Hollywood director, who puts his next movie on hold to indulge his passion project: directing a Broadway musical.

Now United — a group featuring singers and dancers from 18 different countries — bring the story to life for their fans. Thanks to the unique digital features enabled by Avalanche and OP3N, the group can share their music and dance talent with their passionate fans on film and interactively.

How? Ultimately, Fuller intends to inspire schools to create their own versions of performances from the musical and compete for honors within the OP3N platform through community voting and other “artist-to-fan” and “fan-to-fan” interactive elements.

“This project allows me to redefine how an audience can engage with content. Not only can it be enjoyed simply as entertainment, but fans can now actually participate, initially through learning and then by creating their own version of the musical with their friends or school,” said XIX’s Simon Fuller. “It is a celebration of the art of musical theater and the passion for self-expression and new technology that enables people to get involved and engage in ways never before imagined.”

“OP3N’s direct-to-audience Web3 platform is powering a new paradigm in music and entertainment, enabling the biggest and most innovative artists and creators to connect directly with their fans and create 360-degree engagement and experiences never before possible,” said OP3N co-founders Jaeson Ma and Eric Tu. “In Avalanche, we’ve found the best possible answer to enable the overall opportunity at a level never previously done.”

OP3N previously partnered with the Avalanche Foundation to launch and co-finance the Culture Catalyst program — a $100 million initiative to redefine the entertainment business model.

“We are thrilled that Avalanche will power one of the first major Hollywood-Web3 crossover releases,” said John Nahas, VP of Business Development at Ava Labs. “Now United is breaking exciting ground by bringing a new kind of entertainment to fans across the globe, and OP3N is primed to help bring Web3 culture to the masses.”

About Simon Fuller’s XIX Entertainment

Simon Fuller is a renowned entertainment industry creator, producer and entrepreneur. He has imagined, developed and executed some of the biggest entertainment properties of all time, engaging audiences across the world and generating $billion revenues in the process. For more than three decades Fuller has positively impacted popular culture worldwide, through properties and businesses that have disrupted convention, defined the times and empowered iconic artists to achieve their creative and commercial ambitions. He was the inspiration behind the Spice Girls, the creator of the Pop Idol global TV franchise, the partner of David and Victoria Beckham and the guidance behind the careers of sporting legends Andy Murray and Lewis Hamilton, extraordinary singers Annie Lennox and Amy Winehouse and award winning projects with entertainment icons Jennifer Lopez and Michael Caine. Today, his company XIX Entertainment is an ever-evolving force of creativity and innovation in music, television, film, and fashion.

About OP3N

Founded in 2021 as a subsidiary of EST Media Holdings, OP3N is a global Web3 SuperApp that combines the best of Web2 and Web3 where chat, commerce, community and unique and memorable experiences are at the forefront. OP3N empowers artists to directly publish to, and engage with, their fans via exclusive token-gated access and experiences. OP3N imagines a world where Communities can come together to create, own, and bring their ideas to the world. OP3N’s mission is to be a launchpad for ideas and communities to create meaningful experiences together.

OP3N is co-led by media executive, artist, and serial entrepreneur Jaeson Ma, who has a successful track record launching companies including EST Studios, Stampede Ventures, East West Ventures, and 88rising, and who’s raised capital and advised on transactions totaling over $1 billion; and Eric Tu, an award-winning development executive who’s worked with major brands including Nike, Beats by Dre and Google, and as an Executive Producer with Bjork, Radiohead, Kendrick Lamar and more. The company is headquartered in Los Angeles. For more information, please visit: https://op3n.world/

About Avalanche

Simon Fuller and Now United to Release Interactive Film/Album on Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Core Launches Discover for Tracking the Latest Avalanche Ecosystem News, Events, and Projects

https://avalancheavax.medium.com/core-launches-discover-for-tracking-the-latest-avalanche-ecosystem-news-events-and-projects-4126f46af716

Keep up-to-the-minute with the Avalanche ecosystem in the same convenient place where you manage your Avalanche, Bitcoin, Ethereum, and other EVM tokens.

Core has launched Discover, a trove of evolving resources within Core web to keep users current on the latest Avalanche ecosystem news, events, and projects. Discover offers entry-level and advanced intel on hundreds of Avalanche dApps. Organized by vertical, Discover’s curated content is just a few convenient clicks away from where anyone can send, swap, bridge, stake, and otherwise seize total command of their digital tokens for free using Core web.

Now, instead of carving out time to scrape scattered corners of the internet for vetted projects, learning materials, and all the latest on Avalanche — anybody can quickly get up to speed in one place.

In its first iteration, Discover brings illuminating content to the fingertips of Core users, aggregating Avalanche news and the latest updates across DeFi, gaming, NFTs, enterprise, and other verticals. Users interested in Subnets can visit Discover for timely developments. A master calendar conveniently displays all of the major upcoming in-person and digital events, gathering them in a single authoritative place. Discover empowers people to get a granular sense of what’s happening on Avalanche — all while erasing any need to spend countless hours searching the web for quality info.

Discover has five powerful sections:

1. Discover Home

Begin on this landing page displaying featured projects, news highlights, and jump-off points to Core and the deeper sections of Discover.

2. Core Education

Access this library of focused tutorials, how-tos, and other learning materials to master blockchain, Avalanche, and ecosystem nuances. Here, users can easily find content tailored to every knowledge level. A sub-section for devs has guides, tips, and tricks for building on Avalanche.

3. Projects

Learn about some 500 Avalanche dApps in the rigorously organized project section. Here, builders can claim and edit a page dedicated to their dApp, developing their project page as details change. Project pages can be filtered by category (NFTs, DeFi, gaming etc). Uncover details about some projects as early as pre-launch, and easily track how projects change over time.

4. Events

Using one master resource for Avalanche events, stay in tune with the biggest gatherings, launches, updates, product deployments, and more.

5. News

Keep up with every major beat of the Avalanche news pulse. With this expertly curated news feed, anyone can stay fully in the know — and just a few clicks away from the rest of Core’s features.

Discover adds a new dimension to Core web, helping everyone, from Avalanche power users to Web3 newcomers, understand the nuanced Avalanche dApp ecosystem that they can navigate with Core. Core now consists of Core web, Core mobile, and Core extension, supplemented by features like a Coinbase Pay onramp for adding cash and hardware wallet support for added security. With the exciting release and the ongoing expansion of Discover, Core makes Web3 even easier.

“Discover is a treasure trove for all things Avalanche,” said Akash Gupta, Director of Product Management at Ava Labs. “It’s a personalized, one-stop shop that gives users a warm and frictionless welcome to learning, exploring and navigating the dynamic-and-growing Avalanche ecosystem.”

Download Core browser extension from Google’s Chrome Web Store and head over to Core web to get started, experience the speed and power of Avalanche, and manage your crypto like never before.

For further questions, please visit the Avalanche knowledge base or contact a support team member via the chat button at support.avax.network. The Core Discover feature is provided for informational purposes only, without representation, warranty, or guarantee of any kind. Nothing contained in this feature or any of the pages is an offer to sell or solicitation of an offer to buy any security or other regulated financial instrument. None of the information is intended to be an endorsement by Ava Labs, Inc., the Avalanche Foundation Limited or any of their respective subsidiaries or affiliates, nor is any of this investment, financial, accounting, tax, legal, or other advice; please consult your own professionals. Please review this Notice and conduct your own research before connecting to or interacting with any project, dApp, third party or conducting any transactions. The projects on the Projects page and the dApps you access are offered by third parties and your use of those projects and dApps are subject to terms between you and those third parties. Notwithstanding the foregoing, your use of the Discover feature is subject to these Terms of Use, so please be sure to read them.

About Ava Labs

Ava Labs makes it simple to deploy high-performance solutions for Web3, led by innovations on Avalanche. The company was founded by Cornell computer scientists, who partnered with Wall Street veterans and early Web3 leaders to execute a promising vision for redefining the way people build and use open, permissionless networks. Ava Labs is redefining the way people create value with Web3.

DEFYCA Aims to Bring $1.6T Private Debt Market On-Chain with Avalanche

https://medium.com/avalancheavax/defyca-aims-to-bring-1-6t-private-debt-market-on-chain-with-avalanche-3f5acb633706

DEFYCA plans to launch in March, bringing real, securitized yield to DeFi

DEFYCA, a Luxembourg-based digital securities platform, will soon launch a protocol on the Avalanche public blockchain that enables market participants and DeFi protocols to access real, securitized yield from the often opaque private debt market typically reserved for institutional investors.

According to data published by Broadridge, private debt funds now look after a record $1.6 trillion in AUM (assets under management).

DEFYCA has developed a protocol to bring traditional debt securities and loan portfolios on-chain as tokenized assets. By bridging decentralized and institutional finance, DEFYCA aims to solve the volatility challenges within on-chain finance and enable higher velocity of trading activity in traditional markets.

On the DEFYCA protocol, tokenized assets are issued, securitized, and structured into liquid pools, which can be traded instantly and without the friction inherent in traditional trading of these assets. Price discovery, liability matching, settlement, and payment flows are executed automatically through smart contracts, resulting in a significant reduction in both investment costs and time for the issuer. It also offers participants the opportunity to earn tangible secured returns on stablecoins.

The Avalanche public blockchain will be a core component for the launch of DEFYCA platform, operating as its treasury chain and enabling participants to access liquidity across multiple blockchains with low fees and near-instant transaction finality stemming from Avalanche’s breakthrough consensus protocol.

“The promise of DEFYCA is to create a new phase in the evolution and democratization of the private credit markets,” says Alex Garmash, Co-founder of DEFYCA. “Our protocol will prove that Web3 can open an accessible and frictionless trading venue, where all investors can trade, and funds can raise capital using innovative tokenized securities.”

“Moving real world assets and off-chain collateral on-chain is critical to the evolution of DeFi, and making the risk profile of these applications more robust,” says Morgan Krupetsky, Director of Business Development, Institutions at Ava Labs. “Avalanche has a clear lead in bringing both sides of the market to the table, and platforms like DEFYCA can play a key role in accelerating adoption.”

DEFYCA plans to launch its testnet application in early March. Following a successful deployment and beta testing, its team will formally launch on Avalanche Mainnet.

To stay up-to-date with DEFYCA and its roll-out, please visit DEFYCA’s website

About DEFYCA

DEFYCA is the first protocol to bring the off-chain credit market onto the blockchain, enabling traditional and crypto investors to invest in stable real-world assets (RWA), such as traditional debt securities and loan portfolios in their tokenized forms.

Website

About Avalanche

DEFYCA Aims to Bring $1.6T Private Debt Market On-Chain with Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Builder Spotlight: Intain Brings Securitized Finance to a Subnet

https://medium.com/avalancheavax/builder-spotlight-intain-brings-securitized-finance-to-a-subnet-ccc27d8286f8

Intain’s Founder & CEO explains how Avalanche can power a better platform for a multi-trillion dollar market.

There are trillions of dollars in the securitized finance market, but transparency, liquidity, and efficiency are holding it back from even greater potential according to Siddhartha, the founder and CEO of Intain who is on a mission to overhaul this market for good.

Intain has recently launched IntainMARKETS, a digital marketplace for tokenized asset-backed securities (ABS) on a new Avalanche Subnet.

IntainMARKETS complements IntainADMIN, Intain’s data platform already administering $6B in assets. IntainMARKETS combines tokenized issuance of ABS with the IntainADMIN arm, utilizing Avalanche to build a better issuer and investor experience. We chatted with Siddhartha about IntainMARKETS, how he uses AI, and where he sees securitized finance going.

Ava Labs: What inspired you to launch a digital marketplace for asset-backed securities on Avalanche?

Siddhartha: Anybody who has seen The Big Short knows how badly things can go wrong with our financial system, especially structured finance. Blockchain provided the first opportunity to get the system’s multiple entities — the issuer, the custodian, the rating agency, the servicer, trustee, investor — on a common platform. That was my thought for starting Intain.

Ava Labs: What makes Avalanche the best chain for IntainMARKETS?

Siddhartha: With Avalanche Subnets, you can create a permissioned environment on a public blockchain. That was a prerequisite for us. All of the validators and participants on the platform are known and permissioned. We also had the ability to ensure that all the Subnet validator nodes were US-hosted, which no other public blockchain can assure.

Ava Labs: Were there other reasons you chose Avalanche?

Siddhartha: Yes, there are the hard facts that differentiate Avalanche as a blockchain. But we were also attracted to the Ava Labs team, which blends computer science and finance. Ava Labs has a great institutional finance team who “get it.”

Ava Labs: Are you using any other nascent technologies?

Siddhartha: Yes, AI. When I started Intain in 2018, I had a broad sense that we could combine blockchain for data and the process flow and AI for automation, creating an integrated, seamless product for structured finance.

Ava Labs: How exactly does Intain use AI?

Siddhartha: Our AI-powered software reads through loan contracts to verify them and then brings them on-chain for certification by a financial institution before creating an NFT. This lets anyone know that each NFT actually represents a loan, one that has been approved by an AI engine and certified by a financial institution.

Ava Labs: How do AI and blockchain help you meet Intain’s mission?

Siddhartha: The three pillars for Intain’s strategy are efficiency, transparency, and trust. These are also the three areas where structured finance has been lacking. To achieve those pillars, we needed integrated and automated processes with as little human intervention as possible. And in order to build these systems, we needed blockchain and AI.

Ava Labs: With the launch of IntainMarkets, you’ve added a tokenization platform to your data platform. Intain has completed two parts of its three-part roadmap. Can you please walk us through each part?

Siddhartha: Intain will complete its full journey in three phases. The first, bringing data for assets and securities onto a blockchain, was completed with IntainADMIN. The second, creating digital versions of these assets and securities and issuing them as tokens, is what we’re doing with Avalanche now. Part three will be an exchange where these tokens are freely tradable on the secondary market.

Completing the first part took four years. We’ve just built the second part on Avalanche. Now, it’ll be 6–12 months before we can make assets tradable, but it will most likely be through integration with partners.

Ava Labs: Who will issue and buy digital securitized assets on IntainMARKETS?

Siddhartha: Any asset lender looking to raise capital could use our platform. We’ve spoken to traditional lenders, like mortgage lenders, and also alternative asset issuers like neo-lenders that haven’t been able to access traditional asset securitization.

With Intain, these asset lenders can bring a portfolio of loans that would typically be too small for a traditional structured offering. Our platform opens the doors to a wider range of issuers. That leads to the second part: investors.

Investors are institutions who would be interested in asset-backed securitizations, but who perhaps have been priced out because of the ticket size being too high. With the efficiencies of a digital marketplace, Intain can support smaller ticket sizes.

That’s the target on the buy side: Any institution that would buy asset-backed securities on a digital marketplace where deal sizes can be smaller, transactions faster and more efficient, and where buyers can have confidence in the transparent underlying data.

Ava Labs: That’s very exciting. Congrats again on your Subnet launch!

Siddhartha: Thank you!

Ava Labs: Looking ahead, where do you think Intain and structured finance markets will be in the future?

Siddhartha: By the end of 2024, doing deals on blockchains like Avalanche will be mainstream. Even for the bigger deals, these digital markets will no longer be a niche. Our goal is that, with the help of Avalanche, Intain will become the default platform.

To learn even more about this pioneering project, register to attend Intain and Ava Labs’ joint webinar on Tuesday, March 14 at 11 a.m. EST.

Request an IntainMARKETS demo. Contact the Intain team.

This post is based on materials provided by Intain. For more information, visit Intain’s website. Also, please read this important notice.

About Intain

Intain is building blockchain-enabled digital platforms for transparency and efficiency in capital market transactions, with initial focus on structured finance. Founded by financial services business and technology veterans, Intain understands the impact — benefits and risk — of technology in financial services. Intain is committed to diversity in fintech and more than 50% of its employees are women. For more information visit www.intainft.com

About Avalanche

Builder Spotlight: Intain Brings Securitized Finance to a Subnet was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

TSM and Avalanche to Bring Web3 Features to 30 Million Gamers

https://medium.com/avalancheavax/tsm-and-avalanche-to-bring-web3-features-to-30-million-gamers-cd73bd00d7d9

Professional esports leader TSM and competitive gaming app Blitz will leverage Avalanche’s industry leading blockchain technology.

TSM, the global esports, video game, and creator-focused company, and Blitz, the company’s competitive gaming platform, will be leveraging Avalanche, the cutting-edge blockchain platform, to revolutionize the gaming industry. The collaboration names Avalanche as the Exclusive Blockchain Partner for TSM and Blitz.

With Avalanche, TSM will create new experiences for players, fans, and creators, marking a major step forward in bringing player-first Web3 gaming products mainstream. TSM and Blitz will also use Core to power all user payments and to store, sell, and purchase digital assets.

As part of the partnership, Blitz, the company’s gaming app with 30 million users, will be built on an Avalanche Subnet, custom blockchains designed to maximize speed, security, and scalability. TSM will host Avalanche-branded tournaments on the Blitz Subnet to helps gamers improve their skills with performance insights and learning tools, and also allows players to compete in Blitz Arena for prizes.

TSM and Blitz will be pioneering innovations with Subnets powered by $AVAX. Blitz’s Subnet will use $AVAX for gas fees, burning a portion of $AVAX fees with every transaction that gamers make. In the future, the Blitz Subnet intends to evolve into an Elastic Subnet, enabling greater community involvement by allowing users to validate the Subnet.

“Partnering with TSM brings truly innovative gaming experiences to players around the world,” said John Wu, President at Ava Labs. “Avalanche’s fully customizable subnets were created to help organizations like TSM push the boundaries of what is possible for gaming with sub-second transaction speed, scalability, and security for millions of users.”

“I am excited to partner with Avalanche on experiences that will add value to our users and fans,” said Andy Dinh, founder and CEO of TSM and Blitz. “They are an authentic leader in this space, and together we share a long-term vision of building products that are authentic and beneficial to our community.”

The partnership comes at a key time for Avalanche gaming. With Avalanche’s many popular live games and anticipated titles coming from top publishers, Avalanche has emerged as the leader for game developers and players.

About TSM

TSM is an elite, holistic gaming brand composed of championship esports teams, world-class influencers, and gaming strategy platforms that level up the casual player all the way to the professional. A platform of champions, TSM seeks to provide maximum value through the competitive excellence of its teams and the creation of exciting, educational, and entertaining content that deliver the ultimate esports and gaming fan experience. For more: tsm.gg.

About Blitz

Blitz is the ultimate platform to drive a free, fun, and effective way for every player to improve . A data-driven, AI-powered coaching platform, Blitz helps players of all skill levels all over the world get insights into how to improve their gameplay across the most popular titles. For more: blitz.gg.

Avalanche

Avalanche is the fastest, most reliable smart contracts platform in the world. Its revolutionary consensus protocol and novel Subnets enable Web3 developers to easily launch highly-scalable solutions. Deploy on the EVM, or use your own custom VM. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Avalanche launched in September 2020, ushering in a new era for blockchains with near-instant transaction finality. Today, Avalanche supports 500+ dApps and secures billions of dollars in value, all while having minimal climate impact.

TSM and Avalanche to Bring Web3 Features to 30 Million Gamers was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Core Mobile Now Supports iOS Devices

https://medium.com/avalancheavax/core-mobile-now-supports-ios-devices-c06f24cef652

The utility of the popular crypto wallet — including multichain asset tracking, Bitcoin bridging, and much more — now becomes accessible to 1B+ more mobile users.

Core mobile now supports iOS devices, making the all-in-one mobile wallet with the speed and power of Avalanche accessible globally to 1 billion mobile users.

Starting today, iOS users can download Core mobile for free. Core gives users a lightning fast, intuitive way to connect to not only Avalanche, but also Avalanche Subnets, Bitcoin, Ethereum, and other EVM-compatible chains. Core brings exciting possibilities of blockchain to your fingertips.

Core has changed the digital wallet game with features that provide a better experience. For instance, users can seamlessly bridge native Bitcoin within the app, empowering them to put idle assets to use in Avalanche’s DeFi ecosystem.

That’s just the beginning. Core mobile allows iOS users to easily:

Self custody your assets so that you are the sole owner and not dependent on anyone else
Keep track of your asset price movements in real-time with the Watchlist feature
Easily swap Avalanche, Bitcoin, and Ethereum assets
Manage your Avalanche and Ethereum assets, Bitcoin, NFTs, and more
Transfer Bitcoin and Ethereum to participate in the DeFi ecosystem
Seamlessly add or switch to your favorite networks
Jump into the Avalanche ecosystem fast with preloaded Subnets, like DeFi Kingdoms. Exclusively with Core.

Further, Core mobile’s silky smooth UI makes navigating all features easy.

The iOS release comes at a key moment. So far in 2023, Core extension has seen 34% growth in number of unique weekly users. BTC.b, Bitcoin bridged to Avalanche using Core, has grown by 17% in 2023, surpassing the number of Bitcoin on the Lightning Network, with $215M+ in volume bridged to date. The release of Core mobile for iOS brings Core to the fingertips of 1B+ potential new users, giving them easy access to Core’s features and enriching the Avalanche ecosystem.

To experience Core for yourself, download Core mobile for iOS from the Apple App Store and enjoy the best way to connect to crypto today.

For further questions, please visit the Avalanche knowledge base or contact a support team member via the chat button at support.avax.network.

About Ava Labs

Core Mobile Now Supports iOS Devices was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

Builder Spotlight: Japanese Gaming Pioneer GREE Embraces Avalanche

https://medium.com/avalancheavax/builder-spotlight-japanese-gaming-pioneer-gree-embraces-avalanche-bd189e78e565

The gaming house with 30 million monthly users surveys the gaming landscape and explains why Avalanche is the best chain for its Web3 push.

The Japanese gaming house GREE has 30 million active monthly users and a track record of working with the biggest names in Web2 gaming, including Square Enix, Sega, Konami, and Bandai Namco. Recently, GREE embraced the biggest name in Web3: Avalanche.

GREE’s push into Web3 gaming spans development, distribution, NFTs, and running 12+ Avalanche validators. Ava Labs spoke with GREE’s Takasugu Murata about the changing gaming landscape and why GREE chose Avalanche.

Ava Labs: For people less familiar with the gaming community in Japan, can you share a few highlights from GREE’s multi-decade run as a Japanese gaming leader?

Takasugu: GREE was founded in 2004 and quickly emerged as one of Japan’s mobile internet pioneers. We developed the world’s first mobile social game, Fishing Star, in 2007, and are now a diverse tech company innovating in the areas of mobile games, the metaverse, anime, commerce, data analytics, and manga.

It has been almost 15 years and it’s still going very well. Google Play named our game Heaven Burns Red game of the year for 2022. Our metaverse platform REALITY surpassed 10 million worldwide downloads this past October.

Ava Labs: Can you tell us about your new gaming studio, BLRD?

Takasugu: GREE has about 20 subsidiaries, including BLRD. Last July, we decided to launch BLRD for our Web3 push. We have three focuses at BLRD: running validators, making Web3 games, and investing in Web3 startups. In each of these focus areas, BLRD is very pleased to have partnered with Ava Labs.

Ava Labs: How is gaming adapting to Web3 opportunities?

Takasugu: Web3 has the potential to solve Web2 gaming problems to deliver better experiences for users. For instance, Web2 has no way to return user investment of time and money, except through fun. As a result, the cost of users switching games in Web2 is high. If Web3 can solve that problem, it will become the standard, especially for mobile games.

Ava Labs: What about integrating blockchain with gaming most excites you?

Takasugu: We’ve found amazing success in Web2 games, but they also have many challenges that can be solved with blockchain technology. For example, if a Web2 gaming company stops operating a game that players love, users lose out. We strongly believe Web3 technicals bring more user-friendly games for reasons like these, which is why we’re developing our first Web3 game on Avalanche. This gets us excited every day.

Ava Labs: How is BLRD approaching Web3 gaming?

Takasugu: We develop Japanese games that appeal to people all over the world. Of course, we’ll use our experience with Web2, but we won’t simply convert Web2 games to Web3. We must create completely new games.

Ava Labs: What kinds of Web3 games will you launch in 2023 and beyond?

Takasugu: We can’t say much at this time, unfortunately. One thing I can reveal is that our first game will attract NFT holders. Going forward, we’ll strive to expand our player community beyond crypto enthusiasts. While we can’t say anything else about our first Web3 games just yet, we’re excited to share more details soon.

Ava Labs: BLRD will be making games on Avalanche. What properties of Avalanche make it the ideal chain for gaming?

Takasugu: Subnets. It is absolutely critical for gamers to have smooth gameplay. We don’t want our games to be impacted by other games’ traffic, so we’re planning to set up our own Subnet, which will allow us to deliver games with a reliable and fast experience for our players.

Ava Labs: BLRD currently runs several Avalanche validators. Why have you chosen to run Avalanche nodes?

Takasugu: I thought I could learn more about Avalanche by helping to secure the network. In our efforts to contribute to the Avalanche network’s infrastructure, we’ve received support on many fronts from Ava Labs. This has also helped us approach game development.

Ava Labs: How else will BLRD and Ava Labs be collaborating? What can gamers expect from BLRD on Avalanche in the future?

Takasugu: A lot! We’ll be working together to make Web3 games that become worldwide hits. As we do, I’m happy to contribute to the expansion of Avalanche.

This post is based on materials provided by GREE. For more information, visit GREE’s website. Also, please read this important notice.

About BLRD

BLRD was established on July 1, 2022 to promote the Web3 business. It will promote validator operations and blockchain game development by leveraging the experience cultivated in the GREE Group.

Website | Twitter

About Avalanche

Builder Spotlight: Japanese Gaming Pioneer GREE Embraces Avalanche was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Glacier API Beta

https://medium.com/avalancheavax/the-glacier-api-beta-592153d9165c

One-stop-shop for enriched blockchain data and API service indexing Avalanche Subnets.

Avalanche is pleased to announce the beta launch of Glacier API, a developer’s one-stop-shop for all enriched blockchain data from Avalanche and Ethereum and the official API service indexing Avalanche Subnets.

The Glacier API Beta gives developers a wide range of useful data for explorer and wallet services, token transfers and more. Originally created to power the Avalanche Subnet Block Explorer, Glacier also powers Core Wallet — providing balances, transfers, and associated metadata for native assets, ERC-20 tokens and NFTs.

With Glacier, application developers can easily build products that leverage real-time and historical transaction data — all served through highly performant APIs. Developers that join the Glacier API Beta will get access to the platform’s service for free and have the opportunity to shape future feature development.

Glacier’s capabilities as a powerful indexed blockchain data provider will expand to include additional raw and derived transaction data as user feedback helps guide this process.

Avalanche will be giving away limited-edition merchandise at random to developers that demo Glacier and submit User Experience surveys or bug reports. To learn more about Glacier API join the discussion on the Avalanche Forum.

Join now and begin building!

About Avalanche

The Glacier API Beta was originally published in Avalanche on Medium, where people are continuing the conversation by highlighting and responding to this story.