Blockchain

Cartesi and Avail Announce Strategic Integration to Advance Web3 Development

New York, New York, July 2nd, 2024, Chainwire

Cartesi, a modular execution layer protocol that equips developers with access to a full Linux environment, and Avail, a modular blockchain framework designed to unify web3 and optimize data availability (DA) for scalable and customizable applications, are pleased to announce a close collaboration set to significantly advance web3 development.

This integration will offer a seamless and intuitive experience for developers by leveraging Cartesi’s RISC-V Linux-based execution capabilities and Avail’s reliable data availability solution, Avail DA. The user-friendly approach will simplify the complexities of decentralized application development, enabling faster and more efficient project deployment.

The modular stack allows both protocols to combine their unique properties, resulting in a robust protocol that is more powerful compared to monolithic stacks where all functionalities are integrated. In this sense, the Cartesi-Avail integration will enable developers to benefit from the increased computational power and flexible programming environment of the Cartesi stack, while also utilizing the enhanced data availability capabilities of Avail DA.

“By combining Cartesi’s cutting-edge RISC-V Linux-based execution with Avail DA, we are setting a new standard in the ease and efficiency of protocol development. This partnership empowers developers to overcome traditional barriers, accelerating innovation and the deployment of next-generation decentralized applications. We are thrilled to enable this leap forward in web3 development,” said Anurag Arjun, Co-Founder of Avail.

The collaboration between Cartesi and Avail marks a significant milestone in the web3 space. A dedicated data availability layer ensures critical transaction data remains available and verifiable while significantly reducing the costs associated with on-chain data availability. This makes dApps more affordable and accessible, while reliable data availability is crucial for the execution layer to perform transactions and execute contracts seamlessly. 

“The Cartesi-Avail integration brings into reality a powerful infrastructure for new possibilities and use cases in web3. This is exciting for us and a breath of fresh air for the industry,” said Erick de Moura, Co-Founder of Cartesi.

This partnership is expected to drive the creation of a more robust and versatile ecosystem, particularly benefiting gaming and DeFi verticals, empowering developers to experiment and innovate without being hindered by the limitations of current infrastructure.

Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. By bridging the gap between traditional software and blockchain, Cartesi enables developers to create more sophisticated and scalable dApps with ease. Avail DA offers secure data availability guarantees for entire networks of blockchains, enabling them to scale efficiently and in an unlimited capacity. Using validity proofs with data availability sampling provides robust security and enhanced scalability for blockchain applications. 

About Cartesi: 

Cartesi is a powerful modular blockchain protocol that supercharges the web3 space. Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. To learn more about Cartesi, users can visit https://cartesi.io/

About Avail:

Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion.

availproject.org

Users can learn more about Avail on Discord, Twitter, GitHub, Our Blog

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Snutx Invests in the Future: Launching $200 Million Fund to Foster Cryptocurrency Technology Development

2024-10-03T11:16:09Z

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Snutx Venture Capital, the venture capital arm of Snutx Cryptocurrency Exchange, has launched a $200 million funding program targeting core technologies poised to transform the traditional financial sector. This initiative focuses on the cryptocurrency trading market, payment system technologies, and innovative AI startups integrating cryptocurrency and blockchain.

This substantial investment reflects Snutx's strong confidence in and commitment to the future of financial technology development. By identifying and supporting innovative projects, Snutx aims to catalyze technological revolutions that will accelerate the widespread adoption of cryptocurrency and blockchain technologies. These technologies are increasingly becoming integral to global payment systems and the evolving structures of financial markets.

Snutx Venture Capital’s investment strategy is centered on discovering and funding enterprises capable of disrupting traditional financial models through technological innovation. Cryptocurrency and blockchain technologies hold tremendous potential for enhancing transaction efficiency, reducing costs, and improving security within the financial system. By investing in these startups, Snutx not only fosters technological advancement but also creates new growth opportunities for its own business and reinforces its market leadership.

Collaborating with these startups positions Snutx at the forefront of technological innovation and allows it to capitalize on opportunities in emerging markets. This strategic approach not only strengthens the platform's market position but also enhances its competitiveness in the rapidly evolving global fintech landscape.

Particularly in the field of artificial intelligence, Snutx Venture Capital is keen on solutions that optimize cryptocurrency trading and management processes. These technological integrations aim to provide users with a faster, smarter, and safer service experience, which is crucial in today’s fast-paced digital economy. Investing in transformative technologies aligns with Snutx’s long-term strategic goals and propels significant industrial development.

These investment activities enhance Snutx's competitiveness in technology innovation and financial services while contributing positively to the long-term growth of the cryptocurrency market. Through this funding initiative, Snutx deepens its market impact and sets new benchmarks for future trends. By investing in cutting-edge cryptocurrency technologies and promising AI startups, Snutx reinforces its capability to deliver a safer, more advanced trading experience. As the market continues to evolve and technology advances, Snutx is poised to maintain its significant influence in the global cryptocurrency and fintech sectors, driving forward innovation and growth.

CONTACT: Media Contact
Felix Bauer: [email protected]

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