Avalanche Foundation establishes distributed ledger technology entity in Abu Dhabi
Jinse Finance reported that the Avalanche Foundation recently announced the official establishment of a Distributed Ledger Technology (DLT) foundation within the Abu Dhabi Global Market (ADGM) to support the adoption of Web3 applications, enterprise cooperation, and ecosystem development in the Middle East and North Africa (MENA) region. This DLT entity (AvalancheDLT Foundation) will serve as Avalanche’s main regional foundation in the area, “supporting related projects, partnerships, government initiatives, enterprise participation, and developer outreach activities under a clear and credible regulatory framework.” It will also integrate existing MENA-related initiatives “to form a unified architecture, enhancing transparency and operational efficiency.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Full Statement from Nvidia Regarding Jensen Huang's Resignation and Leadership Team Restructuring
On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.
Tidewater Midstream forecasts 2026 consolidated adjusted EBITDA of C$ 300-320 million
Crypto prices
More
