‘Big Name’ Brands and Companies To Enter Avalanche (AVAX) Ecosystem Soon – CEO John Wu

‘Big Name’ Brands and Companies To Enter Avalanche (AVAX) Ecosystem Soon – CEO John Wu

Share Post:

John Wu, the CEO of Avalanche Labs has revealed that Big name brands and firms will enter the Avalanche ecosystem within the next 12 months.

He revealed the information in an interview with Anthony Pompliano, according to him, mainstream names from the finance’s world, as well as gaming, will soon be on board with Avalanche.

“I wish I could give you specific names, but I am really excited about certain big brand traditional enterprises who are going to be doing some cool stuff on Avalanche.

“It’s still that same theme of real-world assets coming into this ecosystem and growing the ecosystem for everyone, both in the financial services side as well as on the gaming side.

We have a lot of visibility to gaming as well because the subnets have been really adopted by a lot of gamers to basically create their own execution environment in a very quick manner.

Those are two areas that we’re super excited [about]. I wish I could give you specific names, but to the audience, just stay tuned and… they’ll hear about it very shortly.”

Speaking of traditional finance, he said the system is currently bogged down by efficiency and interconnectedness among databases.

“The financial institutions are very aware that the power of the blockchain, or the crypto system, is that when you need information and money to move at the same time, blockchain is a very powerful tool for that.

When you settle a stock, there are so many intermediaries. Credit cards, there’s so many intermediaries. And they’re all working off of their own respective databases and lots of reconciliation has to happen.”

John Wu thinks that blockchain technology will assist the financial firms by simplifying the process, such as eliminating links in the transaction-settling chain.

“A lot of the financial services players are actually experimenting with blockchain. The amount of experimentation of blockchain development – not just experimentation, innovation labs – but the amount of development… They are looking at the technology as a way to create efficiency and create more productivity and squeeze costs out.”

Recently, Bitcoin and Ethereum shoots up following the Fed’s interest hike, an event that was predicted by MyCryptoParadise on its News Channel, be part of our ParadiseFamilyVIP now to position yourself among the winning traders in the crypto space; use PRO20% for your special 20% discount now before the promo code expires.

Click here for reviews from our clients.

Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights. And also FREE market updates.

Notify of

Inline Feedbacks
View all comments

Recent Articles

Follow Us

Start earning Profit

We aim to provide our ParadiseMembers with as much information as we can to ensure to maximize long-term profit, no matter if we are in a bullish or bearish market. We are a large scale cryptocurrency community providing you with access to some of the most exclusive life changing cryptocurrency signals, analysis, guidance and much more Trade crypto like a pro