Avalanche continues to make waves in the blockchain world with its latest advancements and initiatives. Blockworks Research has conducted a thorough economic analysis of ACP-77, highlighting Avalanche’s potential as a leading platform for high-performance, interoperable blockchains. The report emphasizes the cost-effectiveness of launching a blockchain on Avalanche, positioning it as a prime choice for the next wave of crypto app developers.
As excitement builds, tickets for Avalanche Summit LATAM are now available. This event will be held at Ciudad Cultural Konex in Buenos Aires from October 16 to 18. The summit promises an enriching experience with opportunities to apply as a speaker or sponsor, along with convenient hotel booking options. The Avalanche community eagerly anticipates this gathering in Argentina.
In a significant technological advancement, Chainlink Data Streams have been integrated into Avalanche through GMX V2, offering an efficient low-latency data solution. This integration allows Avalanche dApps to access high-frequency market data, enhancing their functionality. The low-latency oracles provide off-chain market data at sub-second intervals while the automation infrastructure manages transactions and data retrieval seamlessly.
Avalanche’s presence will also be felt in Brussels during EthCC, with the Avalanche Hack House event on July 10. This exclusive gathering aims to connect web3 innovators, fostering collaboration among visionary hackers, industry experts, and Avalanche enthusiasts. The event underscores Avalanche’s commitment to advancing blockchain, digital assets, and Web3 technologies.
The DeFi space on Avalanche has seen notable developments. Holyheld has introduced BRRR Payments on the platform, and Stable Jack has launched, adding to the ecosystem’s diversity. Dexalot’s subnet has reached a new volume record, and Suzaku has brought native staking capabilities to Avalanche. These advancements reflect the growing traction and adoption of DeFi solutions on Avalanche.
Misyon Bank has launched its Tokenization Platform on Avalanche, enabling global institutions to tokenize and distribute assets like bonds, funds, shares, and real estate. The first application of this platform is the tokenization of Turkish Eurobonds, providing individual investors with new opportunities. This initiative marks a significant step towards the broader adoption of tokenized assets in the financial sector.
In the digital collectibles space, OtherWorld has launched Solo Leveling: Unlimited (SL
) on Avalanche. Based on the popular webtoon ‘Solo Leveling,’ SL
offers an engaging and rewarding experience for users. OtherWorld leverages Avalanche’s technology stack to create a custom layer 1 blockchain, featuring gasless NFT transactions and a user-friendly interface. This platform will also support future webtoon IPs and K-pop groups, highlighting its versatility and appeal.
Konami Digital Entertainment is developing an innovative NFT solution, Resella, on Avalanche. Resella aims to integrate a performant blockchain into gaming platforms, lowering the barrier to entry for developers. This solution will facilitate the design, issuance, and trading of digital collectibles within games. Konami’s involvement, known for iconic titles like Metal Gear Solid and Silent Hill, underscores the potential for blockchain technology to enhance the gaming experience.
The enterprise sector on Avalanche is also bustling with activity. Oasis Pro and R&S Partners have announced the R&S Avalanche Infrastructure Fund, aiming to support the growth of blockchain infrastructure. Additionally, institutions are leveraging Avalanche to explore the merits of on-chain finance, with Clearpool’s total value locked (TVL) growing on the platform. Insomnia Labs is showcasing their Loyalty+ platform to retailers, demonstrating the practical applications of blockchain technology in various industries.
In the gaming realm, Fableborne has launched its Adventures Campaign, offering a playable experience with earning potential. Players can complete adventures, defeat community bosses, and climb the leaderboard while holding Primordial NFTs. Off the Grid has also launched its testing phase, garnering positive feedback and interest. This highly anticipated game features a 150-player battle royale with a rich campaign and storyline.
Further gaming highlights include BloodLoop’s initial play-to-airdrop campaign following their token launch, Kokodi’s announcement to launch on Merit Circle’s BEAM chain, and Maplestory Universe’s questing platform. These developments reflect the dynamic and rapidly evolving gaming landscape on Avalanche.
The Avaissance art program has commenced its second year of classes, offering a diverse range of subjects taught by industry professionals. Participants are learning about Digital Art, PFP projects, Fashion, Computer Generative art, and Photography. The classes, run through the Playground Social app, are free and open to all, though only enrolled students can access video recordings. This initiative underscores Avalanche’s commitment to fostering creativity and education in the digital art space.
Zeroone, a free-to-use art exchange platform, has begun its transition to the zeroone Mainnet, part of the Avalanche network. This move will help the platform manage rising costs as its user base grows. By running its own blockchain, zeroone will have dedicated blockspace and can set its own rules for enforcing artist royalties. This transition ensures that art can move freely across the Avalanche network while providing cost-effective transaction management.
Additional highlights in the NFTs and culture sector include the launch of Spotlight404, a new NFT marketplace focused on the ERC-404 token standard, and the start of the first season of the Salvor marketplace rewards program. Engage.fun, a new social engagement project, is also using Avalanche to enhance social interactions through rewards, demonstrating the platform’s versatility.
The Avalanche Foundation has announced the Teleporter Grants program, providing financial support for projects that build strong use cases for the Teleporter ecosystem. The first round of grants will focus on enhancing existing bridge contracts, expanding application contracts, and developing seamless multi-chain user interfaces. This initiative aims to foster innovation and growth within the Avalanche ecosystem.
A new Teleporter blockchain explorer built by Ava Labs is now live, offering real-time monitoring, comprehensive data access, and a user-friendly interface. Users can track cross-chain transactions on Avalanche, including tokens, NFTs, and price feeds. This tool enhances transparency and usability for the Avalanche community.
A webinar on tokenizing real-world assets on Avalanche will be held on July 11, providing step-by-step instructions for tokenizing real estate and a framework for tokenizing virtually any asset. This educational event underscores the practical applications of blockchain technology in asset management.
In case you missed it, recent Avalanche Sessions have covered a range of topics. Discussions with Blockworks Research delved into ACP-77, HyperSDK, and Vryx. The Avalanche Community Proposal Meeting focused on Dynamic Multidimensional Fees for P-Chain and X-Chain. Additionally, John Wu discussed institutional developments on Avalanche, highlighting the platform’s growing influence and adoption in various sectors.
