Avalanche Launches ‘Evergreen’ Subnets for Institutional Blockchain Deployments
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.
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
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.
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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.
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