The Avalanche Snow Report: March 2024 Welcome to The Avalanche Snow Report! This monthly newsletter brings you highlights from across the Avalanche ecosystem, including DeFi, Enterprise & Institutional, NFTs & Culture, Gaming, and Infrastructure & Enablement. Have feedback or want to learn more? Please contact megan.moran@avalabs.org. Network Highlights Teleporter Makes Avalanche a Fully Interoperable L0 Network Built atop Avalanche Warp Messaging (AWM), Avalanche’s native messaging protocol, Teleporter is a developer–friendly interface that simplifies sending and receiving cross-chain EVM messages. Teleporter enables Avalanche blockchains to effortlessly and coordinately share information, such as tokens, NFTs, Oracle price feed data, and more. Thanks to Teleporter, developers can easily build and users can freely use cross-Subnet apps offering full, fluid EVM interoperability. Learn more here. The Avalanche Foundation Discloses Community Coin Holdings As a part of its broader Culture Catalyst program, which seeks to foster Web3 creators, inspire innovation on Avalanche, and help drive greater blockchain adoption, the Avalanche Foundation has acquired five community coins. Each community coin held by the Foundation meets the Foundation’s established eligibility guidelines for community coin projects, which help establish a particular coin’s commitment to Avalanche and fair Web3 practices. Learn more here. DeFi The Avalanche Foundation Announces Memecoin Rush The Avalanche Foundation recently kicked off phase one of Memecoin Rush, a liquidity mining incentive program designed to help scale liquidity and drive momentum for the community coin ecosystem on Avalanche. Memecoin Rush is actually an extension of Avalanche Rush, the ongoing liquidity mining program helping turbocharge Avalanche DeFi since 2021, and will have several phases. This first one provides $1M in incentives in AVAX through Trader Joe, Balancer, Yield Yak, and Steakhut. Learn more here. Avalanche Foundation Launches Community Grants Program with Gitcoin Meet the Avalanche Foundation’s Avalanche Community Grants Program, an initiative encouraging projects and developers to build in Avalanche’s growing ecosystem. In partnership with Gitcoin, the largest and longest-running Web3 grants program, the Foundation will allocate grant funds to match community donations and bolster crowdfunding within the ecosystem. For the first time, the Avalanche community can now play a direct role in deciding which projects the Foundation funds. Learn more here. Enterprise & Institutions Avalanche and Chainlink Leveraged in Tokenized Asset Settlement Project The Australia and New Zealand Banking Group (ANZ) recently utilized Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and its own Evergreen Subnet to connect Avalanche and Ethereum in a simulated environment. ANZ wanted to study the global movement and settlement of tokenized assets on-chain, and ultimately proved it’s possible to use CCIP as a single interoperability solution to transfer data and tokenized assets across blockchains securely and reliably. Learn more here. Loyalty+ to Receive Multiverse Incentives to Spur AI-Enhanced Loyalty Programs The Avalanche Foundation announced support for Loyalty+ projects through its Avalanche Multiverse program, which is focused on accelerating the growth of Subnets. Loyalty+ is a pioneering loyalty platform by Insomnia Labs that enables high-engagement, omnichannel loyalty programs through next-generation technologies including machine learning, generative AI, and an Avalanche Subnet. Using Loyalty+, enterprises can create custom loyalty programs for customers, which can now utilize targeted, Avalanche-powered Web3 features. Learn more here. More Enterprise & Institutions Highlights Gaming Gaming on Avalanche Makes a Splash at GDC Web3 Gaming Sucks. This bold slogan of the Gaming on Avax booth took the Game Developers Conference (GDC) by storm in San Francisco last week. A conversation starter, to be sure, the booth also featured gameplay for several impressive titles building on Avalanche: Bloodloop, Shrapnel, & Providence. In addition, there were playable builds of numerous games on Merit Circle’s custom gaming Subnet, Beam. Read press coverage of the event here. Popular MMORPG Maplestory Coming to Avalanche MapleStory, one of the best-known games from Korea’s largest game studio, Nexon, is now coming to Avalanche with MaplestoryU. The Web3-enabled game is slated to arrive on an Avalanche Subnet later this year. One of the first games to popularize the free-to-play business model, Maplestory is now innovating again with an emphasis on user-generated content that players truly own. Players will be able to add their footprint to the Maple Universe, creating worlds and items while being rewarded for doing so. Learn more here. More Gaming Highlights
NFTs & Culture Avalanche Creator House Comes to NYC Avalanche’s popular Creator House events series lands in New York on April 4th, alongside popular NFT convention NFT.NYC. The event brings together innovative creators and institutional, enterprise, and DeFi partners who are at the forefront of accelerating Web3. Join Ava Labs and its partners – CORE Wallet, Best Dish Ever, Dazzy, Glass, Looty, Mynaswap, and Playground – for a day of connection and inspiration. Learn more & request to join here. Artist Hub zeroone Announces Mobile App Popular digital art exchange zeroone has announced the coming release of its mobile app. Calling itself a “cultural distribution engine,” the platform allows users to collect digital art for free in exchange for distributing their own art there. zeroone also covers all gas fees for users, a move that prompted the popular site to announce its impending migration to a Subnet sometime this year. The new zeroone mobile app will be available on Android and iOS, and previews of the app are available on the platform’s Discord channel. Learn more here. Infrastructure & Enablement The Graph Expands Data Tools for Avalanche Developers The Graph network has expanded subgraph support to include Avalanche, enabling developers to effortlessly use The Graph’s decentralized network at lower costs and competitive synching times. Supported by Edge & Node, the expanded subgraph support for Avalanche lets developers trim setup costs by eliminating the need to run nodes. Instead, developers can query The Graph Network virtually immediately after upgrading from the hosted service. Learn more about subgraphs and The Graph’s expanded support here. New ACP Proposes Changes to Subnets to Improve Fault Isolation The proposal by Aaron Buchwald suggests allowing Avalanche Subnets to manage their own validator sets independently from the Primary Network (P-Chain). This would give subnets more sovereignty, customizability, and fault isolation. Overall, the goal is to reduce the P-Chain's scope to just cross-chain communication while allowing subnets more flexibility in how they manage validators. Read the ACP here. More Infrastructure & Enablement Highlights ICYMI: Avalanche Sessions
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