Avalanche wants to digitize all of the world’s assets on the Blockchain
Spars Technologies Limited
Our vision is to simply redefine the traditional method of payment through Blockchain Technology and AI capabilities.
Hello subscribers, it's been a while, i have not shared an update with you from the inside FinTech Corner. From the Blockchain Corner: Ava Labs has raised a total of about $640 million, according to?Crunchbase, and is backed by firms like a16z and Polychain Capital. In recent months, Ava Labs has announced a number of partnerships with major brands and companies, like Amazon Web Services, which TechCrunch covered?exclusively.
Ava Labs created the layer-1 Blockchain Avalanche, a platform that lets developers build multifunctional Blockchain and decentralized applications with a focus on speed and low transaction costs. The Blockchain is compatible with Solidity, a language developers use to code, and allows them to build projects that can communicate across multiple networks. Hundreds of?projects?are a part of the Avalanche ecosystem, ranging from decentralized exchanges like 1inch to digital asset security firms like BitGo.
In terms of total value locked (TVL), Avalanche is currently the seventh-largest blockchain, with more than $1.1 billion secured across a $5.72 billion market cap, according to CoinMarketCap?data.