Avail Launches Avail Foundation to Create Infrastructure to Support Development of Trust-Minimized Systems
Odaily2024/07/16 20:29
By:Odaily
Odaily News According to official news, Avail, a
blockchain expansion service provider, announced the launch of the Avail Foundation, which aims to enable global users to interact and trade seamlessly and securely by supporting the development of trust-minimized systems. The foundations initial focus is to foster and develop the ecosystem around the Avail protocol. By working with different stakeholders and partners across the industry, the foundation aims to create a global-scale infrastructure that enables trust-minimized systems to flourish. The Avail Foundation will be established in Switzerland, following the precedents of other blockchain foundations. By establishing a foundation in Switzerland, it ensures that it operates within a sound legal system, making it legally responsible for its established mission and maintaining its non-profit status, transparency, governance and compliance with international standards. Over time, Avail will transfer all IP related to the Avail protocol (including Avail DA, Avail Nexus, Avail Fusion, etc.) to the foundation. The main plans of the Avail Foundation include: 1. Grants, development and research; 2. Education, adoption and community engagement.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trump policies could take DeFi, BTC staking mainstream: Redstone co-founder
Cointelegraph•2024/11/16 10:11
Bitcoin Breaks Records as $4B Expiry Test Looms: What’s Next?
Dailycoin•2024/11/16 09:55
Musk: I'm beginning to think that the Department of Government Efficiency (DOGE) has real potential
Cointime•2024/11/16 08:44
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$91,427.91
+2.33%
Ethereum
ETH
$3,125.27
+0.66%
Tether USDt
USDT
$1
-0.01%
Solana
SOL
$218.48
+2.24%
BNB
BNB
$625.03
+0.26%
XRP
XRP
$1.04
+27.44%
Dogecoin
DOGE
$0.3757
+1.12%
USDC
USDC
$0.9998
-0.03%
Cardano
ADA
$0.7730
+25.89%
TRON
TRX
$0.1933
+7.03%
Bitget pre-market
Buy or sell coins before they are listed, including ZRC, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now