Hassan Maishera
On Wednesday, the Avalanche Foundation announced via X that it has established a Digital Ledger Technology (DLT) Foundation in the Abu Dhabi Global Market (ADGM). This foundation is an entity supporting Avalanche’s growing presence in the Middle East, enabling closer collaboration on regional partnerships, programs, and ecosystem development initiatives.
The Avalanche DLT Foundation will act as the primary Avalanche regional entity for all operations in MENA. Ecosystem programs, enterprise partnerships, government collaborations, and startup engagement originating in MENA will flow through the DLT foundation. This includes all existing programs as well as new initiatives developed in conjunction with the Avalanche Foundation.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 8.8% today and currently trades at $13.33 per coin.
