Issue #38: Balancer is supercharging Avalanche’s LST growth, the music industry is evolving thanks to NFTs, global regulation roundtable discussions in Japan, and more.
Decentralized automated market maker (AMM) Balancer has over $1B in total value locked, is a pioneer of Ethereum DeFi, and has deployed on Avalanche to fuel liquid staking growth. Why? Because this core building block of Web3 infrastructure recognizes Avalanche’s potential and wants users to have a more flexible DeFi tech stack.
What's the game plan? Balancer will collaborate with four key Avalanche Liquid Staked Token (LST) protocols so they can unite under one hood. The unique AMM aims to help mature Avalanche’s young liquid staking ecosystem.
Digital revolution is the music industry’s middle name, and decades of P2P file sharing and streaming have led us to a new breakthrough: music NFTs. They give musicians a new universe of creative and financial options that expand the range of art and amount of $$ creators can make.
The artist spotlights: Meet Inch Chua, Latashá, and Almost Owen – three of the many Avaissance musicians with the desire to drop game-changing work on Avalanche.
Owl Explains: The European Blockchain Regulatory Sandbox (feat. The European Commission)
Blockchain: Vastly beneficial across many sectors but lacking regulation. The European Blockchain Regulatory Sandbox: Initiated by the European Commission and seeking to bridge the regulatory gap.
What will you learn? The objectives and accomplishments of the sandbox, its unique approach to facilitating discussions between regulators and SMEs, and its focus on building infra around blockchain tech. The hootenanny will feature:
Helen Kopman, Deputy Head of Unit at the European Commission’s department for technology
The Web3 Foundation, which funds research and dev teams to nurture cutting-edge dApps, recently unveiled its new initiative encouraging regulators to sit down and have a chat, and the first one was held in Tokyo on July 25. They were surprisingly positive:
“Web3 is part of the new form of capitalism.”
- Fumio Kishida, Japanese Prime Minister
Who’s involved and what’s happening? Participants included regulatory bodies, government institutions, and industry stakeholders. These roundtables “build on the Foundation’s closely maintained connections with other jurisdictions, by sharing its progress and technical advances.”
This email is for informational purposes only and is not intended to provide, and should not be relied on for tax, legal, investment, financial, or other advice. Any references to third party platforms or projects is not an endorsement by the Avalanche Foundation Limited, Ava Labs, Inc., or any of their respective affiliates or subsidiaries. The information contained in this email is current as of the date hereof and is subject to change without notification. Please review this Important Notice.
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