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Avalanche Foundation Establishes Distributed Ledger Technology Entity in Abu Dhabi

Summary: According to Crowdfundinsider, the Avalanche Foundation recently announced the establishment of a Distributed Ledger Technology (DLT) foundation in the Abu Dhabi Global Market (ADGM) to support the adoption of Web3 applications, enterprise partnerships, and ecosystem development in the Middle East and North Africa (MENA) region. The DLT entity (AvalancheDLT Foundation) will serve as Avalanche's primary ...

According to Crowdfundinsider, the Avalanche Foundation recently announced the establishment of a Distributed Ledger Technology (DLT) foundation in the Abu Dhabi Global Market (ADGM) to support the adoption of Web3 applications, enterprise partnerships, and ecosystem development in the Middle East and North Africa (MENA) region. The DLT entity (AvalancheDLT Foundation) will serve as Avalanche's primary regional foundation in the area, supporting projects, partnerships, government initiatives, corporate engagement, and developer expansion activities within a clear and trusted regulatory framework. It will also integrate existing MENA initiatives to create a unified structure for increased transparency and operational efficiency.

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