The Avalanche team announced via Twitter on Thursday that it has launched its Evergreen Subnets. Avalanche said With Evergreen Subnets, institutions can account for company-specific and industry-wide considerations through built-in features like user and validator permissioning based on KYC/KYB standards, Geofencing for jurisdictional requirements, and other regulatory considerations.
Evergreen provides a controlled, out-of-the-box environment for both R&D initiatives and production-ready use. Meanwhile, Avalanche Warp Messaging (AWM) enables subnet-to-subnet message transfer (think asset swaps, trade confirmations, and other inter-company notifications), the Avalanche team added.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up by 1% so far today and currently trades at $17.97 per coin.