The Avalanche Snow Report: January 2024 Your January roundup of highlights from across the Avalanche ecosystem is here! This issue: Fonbnk Builds Avalanche On-Ramp for Cross-Border Payments in Emerging Markets, BloodLoop’s S.E.M Capsule NFTs sell out, Dokyo becomes Top NFT collection across all Networks, Avalanche Warp Messaging Comes to the EVM, and more. Have feedback or want to learn more? Contact megan.moran@avalabs.org or respond directly to this email. Network Highlights The Numbers Don’t Lie, Devs Are Building on Avalanche Electric Capital released its 2023 Developer Report, and Avalanche consistently ranked above the benchmarks with an explosive 500% growth in overall dev count. 
Source: Electric Capital Highlights
DeFi Struct Finance Joins Avalanche Rush With an Incentive Program of up to $1M ‍Struct Finance, a popular structured finance protocol built on the Avalanche C-Chain, has entered the Avalanche Rush Program with a total amount of up to $1M in $AVAX, provided by the Avalanche Foundation. Struct offers users interest rate vaults and a tranching mechanism that empowers them to access fixed- and variable-yield products while diversifying yield-bearing products into distinct tranches, each tailored to different strategies. Learn more here. Fonbnk Builds Avalanche On-Ramp for Cross-Border Payments in Emerging Markets Historically, limited access to safe onramps and offramps in Sub-Saharan Africa made it difficult for many people to join Web3. Fonbnk, a fintech company creating financial onramps for markets in the region, is onboarding a new subset of users to Avalanche. Fonbnk provides an on-ramp via phone cards, allowing users to turn prepaid airtime and mobile data into digital currencies. Learn more here. The Avalanche Foundation Reserves Portion of Culture Catalyst Program to Include Community Coins The Avalanche Foundation recognizes the importance of fostering and supporting community initiatives on Avalanche, including the creativity and culture of community coins. The Foundation has reserved a portion of the Culture Catalyst program to include community coins, doing so within an established eligibility criteria framework. This framework, laid out in these categories, is designed to identify community coin projects that show stability, growth potential, and a commitment to fair practices in crypto. Learn more here. Enterprise & Institutional AR Platform Really to Upgrade Entertainment Using Avalanche Really, a platform delivering weekly Augmented Reality (AR) experiences for theatrical release movies, aims to introduce new ways for studios, brands, and theater partners to engage with audiences worldwide. Recently, Really has decided to expand the possibilities of its partnership with Regal Cinemas by launching the Fandime Digital Collectible platform on Avalanche. Fandime is a now-live rewards and collectibles app giving fans a wide-ranging interface for engaging with entertainment. On the app, on-chain records show proof of movie attendance, fan engagement with marketing, app games played, and purchases. Users can use Fandime to access their engagement data and unlock rewards and live digital events. Learn more here. More Enterprise & Institutions Highlights Gaming Shrapnel Held a Successful Playtest for Operator Holders One of the first large scale playtests for Shrapnel was met with positive feedback from content creators around web3 gaming. More tests for Operator and Extraction Pack holders are coming in February with up to $3m in rewards. TSM’s Blitzapp Subnet Launched With Its First Features All premium subscriptions on the platform now flow through their bolts token with more features to come in Q1 2024. Learn more here. BloodLoop’s S.E.M Capsule NFTs Sell Out The S.E.M collection separates players into factions, holders will be eligible for token airdrops when playing BloodLoop. Pulsar Announces Their Miner Mania Campaign $PLSR emissions are increased in Pulsar’s MMORTS game by 5x for a short period of time. Learn more here. More Gaming Highlights
NFTs & Culture Dokyo Becomes Top NFT Collection Across All Networks According to the NFT tracking site CryptoSlam, Avalanche native NFT project, Dokyo, twice became the top traded NFT collection in the world this month. On the 15th and 25th, Dokyo’s 24 hour trading volume, as measured in USD, exceeded that of even popular projects like CryptoPunks and Ordinals. The moment was celebrated on X by the project’s founder. Dokkaebi and Steady Join the Avalanche NFT Ecosystem Partially incubated by the Avaissance program, newcomer Dokkaebi minted out its collection minutes after drop. This follows the successful mint earlier in the month of the Dad-energy fueled collection Steady. Along with Dokyo, these projects have dominated the top three in trading volume for the month. More NFTs & Culture Highlights
Infrastructure & Enablement Ava Labs Released the Outline for Its Scaling Solution Vryx As It Hopes To Achieve 100,000 Transactions per Second Vryx is a fortified DSMR construction that will be employed by the Avalanche HyperSDK and, eventually, other Avalanche Virtual Machines. It aims to mitigate adversarial issuance attacks for profit-maximizing builders and ensure that any transactions they replicate must pay fees, restoring fTPS = rTPS. Vryx enables the HyperSDK to take full advantage of DSMR pipelining without sacrificing the robustness of traditional SMR, which can enforce full syntactic and semantic verification. Because Vryx only introduces additive constraints to DSMR replication and execution, and does not require any changes to consensus, most of its techniques could be incorporated into previously proposed and adopted DSMR constructions to defend against adversarial users. Learn more here. Durango: Avalanche Warp Messaging Comes to the EVM The pre-release code has been released for Durango, a proposed upgrade to the Avalanche Network set to activate on Fuji Testnet on February 13th, 2024 at 11 am ET. Durango brings Avalanche Warp Messaging to the C-Chain, bringing native cross-chain communication to every EVM Chain in the Avalanche Ecosystem, and establishes a standard for future VMs to communicate using AWM. Learn more here. More Infrastructure & Enablement Highlights
ICYMI: Avalanche Sessions
|
