Issue #40: Avalanche gets a security buff, July’s issue of Avalanche Watch, our wise owls on how blockchain regulation is shaping the world, and more.
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Sigma Prime x Avalanche

Sigma Prime Beefs Up Avalanche Security

Since early 2023, Sigma Prime and the Avalanche Foundation have collaborated to double down – scratch that, triple down – on enhancing the security of AvalancheGo and squash bugs. Doubles is good, but triples is best. Triples makes it safe. Now, Sigma Prime is writing a collection of fuzzers for AvalancheGo. Fuzzers detect bugs beyond the norm and will be incorporated into AvalancheGo’s codebase to extend them.

What else? Read the article to learn more about Sigma Prime and why Ava Labs chose it for Avalanche.

Learn more
Avalanche Watch: July 2023

July’s Avalanche Watch

You know the old saying “where there’s a will, there’s a way?” At the Avalanche Foundation, that saying goes a little harder. Why, you ask? Because when it comes to Avalanche, for every will and every way, there’s a win. According to the latest issue of Avalanche Watch, the monthly Avalanche report by The Tie that shares the most notable data points across all corners of the ecosystem, July was no different.

What happened in July? We won’t spill all the juicy tea here…but a little taste test can’t hurt 🤭 Sip it:

  1. The Avalanche Foundation announced Avalanche Vista, a fund of up to $50M to purchase tokenized assets minted on the Avalanche blockchain.
  2. There’s an Avalanche Academy now?!
  3. BoA recognized Avalanche as the future powerhouse for trading/value transfer.
Read on

Owl Explains: How Is Blockchain Regulation Shaping Up Around the World?

Buckle up, ladies and gents. We’re taking a tour around the world, legal-style. This episode of Owl Explains Hootenanny explores the legal frameworks and regulatory developments in places like Hong Kong, Singapore, the Philippines, Gibraltar, Japan, Australia, Argentina, and many more.

Hosted by Lee Schneider, the lead Owl at Owl Explains and General Counsel at Ava Labs, episode 11 features guests Joey Garcia (Director and Head of Public Affairs at Xapo Bank), Urszula McCormack (Partner at King & Wood Mallesons), Jongbaek Park (Partner Lawyer at Bae Kim & Lee), and Manmeet Singh (Vice-Chairperson at Blockseed Ventures).

What’s on the itinerary? The Owl we all know and love questions whether the EU’s Markets in Crypto-Assets Regulation (MiCA) is really setting the global standard, or if other territories are stealing a march.

Listen to the podcast →

The Avalanche Network Overview

Total Transactions: 6.4M
Gas Used: 6.5T
Total Stake: 270.1M

Data pulled on: 8/18/2023

SBI is on Cloud Ava

SBI VC Trade, a subsidiary of publicly traded financial services company Strategic Business Innovators Group (SBI), is partnering with Ava Labs to get Web3 solutions up-and-running, let users stake and trade AVAX, and more? Stay tuned for that, but the real question is: How are they doing it? Using AvaCloud ofc.

What does this mean for Ava Labs? The collaboration reinforces Ava Labs’ continued strength and momentum in Asia, especially in the Japanese market. It also doesn’t hurt that AvaCloud continues to build strong demand among enterprise partners that want blockchain solutions fast.

Check it out

What's Happening In Web3?

  • Hong Kong’s Bitcoin Web3 Wallet Xverse Pulls In $5M Raise. FinTech Global
  • Canada to Develop Repository for Storing Crypto and NFT Seizures. Cointelegraph
  • PayPal Expects New PYUSD Stablecoin Use Throughout DeFi Ecosystem. Bloomberg

ICYMI

8/14: Ava Labs’ System Seminar: Profiling in Modern Computing (feat. Frederic Branczyk).

Avalanche →

8/15: Money Moves, Episode #5: Insights from the Buy Side of Tokenization.

Avalanche →

8/16: The Inside Look at GMX v2 on Avalanche.

GMX →

8/16: Crafting NFTs: Low Gas Fees with @ArtOnAvax & Layerr.

Layerr →

8/17: In the Lab: Office Hours with Ava Labs.

Avalanche →

8/17: Is Gaming Going to Make It?

@coopernicus01 →

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