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  • Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

    Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

    Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

    • The whitepaper announces the world’s first AI-backed RWA marketplace.
    • It launches on BNB Chain, welcoming participation from AI developers and GPU owners.
    • AVL gains over 15% on the daily timeframe before cooling.

    Amid broader weakness, Avalon Labs fueled optimism through the blockchain industry after releasing its highly anticipated whitepaper.

    The document highlights the firm’s mission for launching the world’s first AI-driven RWA marketplace, alongside an AI-MaaS (AI-Model-as-a-Service) platform, which merges blockchain with artificial intelligence.

    The new project will debut exclusively on BNB Chain, a move that could welcome lucrative opportunities for GPU owners and AI developers.

    The move heralds the next stage of RWA tokenisation’s evolution – powered by innovations beyond blockchain, including self-learning AI programs and intelligent.

    According to the announcement:

    This marketplace is open to all GPU hardware owners and AI model developers. Our first launch will feature a Reinforcement Learning Model (RL Model) deployed by Avalon abs in collaboration with our AI partner, powered by H200 GPU hardware as the foundation.

    Avalon Labs’ alt saw a sharp uptick following the whitepaper release.

    AVL soared from the daily low of $0.1436 to $0.1668 – a 16% increase.

    However, the digital token has retraced as hype fades and bearish broader sentiments.

    Meanwhile, Avalon Labs plans to create a platform that supports artificial intelligence innovation.

    The project aims to provide contributors and developers a fair environment to engage in the AI economy.

    Avalon to tokenise commercial rights

    Beyond the AI-driven marketplace, Avalon Labs also introduced the CRT (Commercial Rights Tokenization) standard.

    The concept introduces a new framework for tokenizing commercial rights linked to goods, services, and assets.

    CRT might transform how businesses connect with investors and raise capital.

    For instance, an enterprise can tokenize rights to future services or sales and offer them to customers via on-chain contracts.

    The mode bridged blockchain with traditional commerce to provide a new option for SMEs to access liquidity as investors gain exposure to RWA streams.

    The whitepaper highlighted:

    CRT isolates and tokenizes commercial rights of access and service. This enables commodities, services, and goods to be legally structured, accessed, exchanged, and monetized through blockchain infrastructure in a regulatory-compliant manner.

    Precisely, Avalon Labs is going beyond asset tokenization. It is tokenizing the rights that add value to those assets.

    AVL price outlook

    Avalon Labs’ native token decoupled from broader declines as the whitepaper sparked optimism.

    AVL soared roughly 16% from a daily low of $0.1436 to $0.1668 intraday peak.

    Its 24-hour trading volume surged 50% to signal trader enthusiasm.

    Nevertheless, it has cooled to $0.1570 as hype fades, possibly as bears rattled the overall cryptocurrency sector.

    Continued broader dups could see AVL erasing its latest gains before establishing a decisive trajectory.

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  • Avalon Labs evaluating a Bitcoin-backed public debt fund

    Avalon Labs evaluating a Bitcoin-backed public debt fund

    Avalon Labs evaluating a Bitcoin-backed public debt fund

    • Avalon Labs is planning to introduce a Bitcoin-backed public fund under SEC Regulation A.
    • Avalon Labs aims to bridge traditional finance and crypto, expanding Bitcoin’s utility.
    • Avalon’s AVL token has been listed on Bybit, boosting liquidity and community governance.

    Avalon Labs has decided to explore the uncharted territory of Bitcoin-backed lending products by leveraging SEC’s Regulation A framework.

    Barely a day after Avalon Labs announced the listing of its native token, AVL, on Bybit’s Spot trading platform, the company has announced it is considering launching a Bitcoin-backed public fund under the SEC Regulation A.

    The timing of this announcement coincides with a period of economic uncertainty, with rising inflation and evolving Federal Reserve policies influencing investor sentiment.

    By providing a structured entry point into Bitcoin investment for retail investors, Avalon might just lower the entry barriers for traditional investors, thereby expanding Bitcoin’s utility and acceptance.

    Expanding Bitcoin’s reach into traditional finance

    Avalon Labs’ move is seen as an attempt to open the door for massive adoption of Bitcoin-backed products, making them accessible not just to crypto enthusiasts but also to traditional investors. The initiative aims to position Bitcoin (BTC) not just as a store of value but as a dynamic financial instrument capable of generating yield through DeFi opportunities.

    By using Regulation A, often dubbed a “mini-IPO,” Avalon Labs seeks to bypass the complexities of a full SEC registration while ensuring compliance and transparency. This approach, commonly utilized by real estate investment trusts (REITs) and private funds, could provide a structured investment vehicle for retail investors, thus bridging the gap between traditional finance and the burgeoning crypto market.

    Avalon’s native token AVL debuted on Bybit on February 12

    Parallel to this financial exploration, Avalon Labs has also solidified its token ecosystem with the listing of AVL on Bybit. This move not only enhances liquidity but also introduces the token to a broader audience.

    AVL serves as the governance token, enabling community-driven decision-making, while USDa, the Bitcoin-backed stablecoin, offers a stable, bank-independent currency for on-chain transactions.

    The integration of AVL into Bybit’s platform, coupled with the potential launch of a public debt fund, underscores Avalon Labs’ strategic approach to expanding its footprint in the DeFi and traditional finance sectors.

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  • Avalon Labs raises $10m in series A round

    Avalon Labs raises $10m in series A round

    Japan’s Metaplanet buys $7M Bitcoin

    Avalon Labs, the issuer of Bitcoin (BTC)-backed stablecoin USDa, has secured $10 million in a Series A financing round that attracted several venture capital firms.

    “We are known for many things but today is not about us. The team from Avalon Finance is honored to announce the closing of our 10M Series A Round,” the platform posted on X.

    Venture capital firm Framework Ventures led the funding round, which attracted the participation of UXTO Management, Prestoby Framework Ventures and Kenetic Capital.

    In an announcement, the Avalon Labs team said the project will use the funding support to expand its BTC decentralized finance ecosystem.

    In this case, Avalon’s aim is to evolve Bitcoin from being just a digital store of value to a robust financial instrument.

    “We are pioneering the future of Bitcoin-backed financial solutions, creating the first comprehensive ecosystem that unlocks the true potential of the world’s leading cryptocurrency” the Avalon team wrote.

    Avalon’s USDa stablecoin allows users to tap into DeFi on Bitcoin by collateralizing it. The platform’s borrowing rate is fixed at 8%, which allows USDa holders to access liquidity while keeping their BTC positions.

    USDa, Avalon’s flagship collateralized debt position (CDP), ranks as the second-largest CDP per data from DeFiLlama. Its TVL hit $700 million in early December and its competitors include MakerDAO’s DAI and Liquity

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  • Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution

    Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution

    Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution
    • Binance Labs invests in BounceBit for Bitcoin restaking and CeDeFi innovations.
    • BounceBit integrates CeFi and DeFi empowering BTC beyond traditional value storage.
    • BounceBit’s dual-token system enhances security, transparency, and network utility for Bitcoin.

    In a strategic move aimed at expanding the utility of Bitcoin, Binance Labs, the venture capital and incubation arm of Binance, has announced its investment in BounceBit.

    This collaboration signals a significant step towards redefining Bitcoin’s role beyond traditional storage, leveraging innovative approaches like Bitcoin restaking and CeDeFi protocols.

    BounceBit empowering Bitcoin with CeDeFi integration

    BounceBit emerges as a groundbreaking initiative, spearheading the evolution of Bitcoin’s role in the digital ecosystem. It introduces pioneering concepts such as Bitcoin restaking and the fusion of centralized finance (CeFi) and decentralized finance (DeFi) principles.

    At its core, BounceBit emphasizes asset-driven empowerment for Bitcoin, refraining from altering the underlying Bitcoin blockchain. By seamlessly integrating strategies like funding rate arbitrage and on-chain certificates issuance, the platform transforms Bitcoin into a dynamic force within the ecosystem.

    Led by a team with diverse expertise spanning decentralized finance, traditional finance, and Layer 1 blockchain technology, BounceBit prioritizes security and transparency.

    Through regulated custody and Multi-Party Computation (MPC), alongside innovative solutions like Mirror X and off-exchange settlement (OES), BounceBit’s platform ensures a secure environment for Bitcoin engagement in yield-generating activities.

    BounceBit’s Bitcoin restaking initiative

    A key innovation introduced by BounceBit is its unique Proof of Stake (PoS) Layer 1 ecosystem. This ecosystem incentivizes validators to stake both BounceBit tokens and BTC, fortifying network security and directly involving BTC in network operations.

    Through restaking Bitcoin across multiple systems like oracles and bridges, BounceBit aims to enhance the security and operational efficiency of the network.

    The platform’s commitment to developing a robust restaking infrastructure is evident, as it leverages a dual-token system and a combination of CeFi and DeFi frameworks.

    By providing a secure and transparent environment, BounceBit empowers BTC holders to explore new avenues for yield generation across various networks.

    With a focus on innovation, security, and transparency, BounceBit is poised to revolutionize the landscape of Bitcoin restaking and CeDeFi, paving the way for enhanced utility and accessibility in the digital asset space.

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  • SYS Labs unveils Rollux Phase 2 with advanced DeFi tools backed by Bitcoin

    SYS Labs unveils Rollux Phase 2 with advanced DeFi tools backed by Bitcoin

    • SYS Labs has unveiled Rollux Phase 2, supercharging DeFi with Bitcoin support.
    • Rollux offers a comprehensive suite of DeFi tools and privacy-focused SuperDapp.
    • Syscoin’s architecture and UTXO Bridge boost Web3 scalability and interoperability.

    SYS Labs, the driving force behind Rollux, has announced the launch of Rollux Phase 2, introducing a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin.

    This development represents a significant leap in the DeFi universe, enhancing the Web3 ecosystem’s performance and inclusivity.

    The Rollux Phase 2

    Rollux Phase 2 signifies a quantum leap in the DeFi universe, marked by innovation and inclusivity. SYS Labs’ commitment to enhancing the Web3 ecosystem, bolstered by Bitcoin’s security and Syscoin’s data availability solution, continues to drive the evolution of blockchain technology and decentralized finance.

    Rollux, an EVM Layer-2 solution, harnesses the strength of Bitcoin’s mining network to optimize Ethereum network applications. It powers SuperDapp, a groundbreaking platform that seamlessly blends AI, messaging, video calls, a non-custodial crypto wallet, and a developer marketplace.

    SuperDapp offers users a secure and private environment for online interactions, enriching the Rollux ecosystem.

    Rollux unveils a comprehensive set of DeFi tools and services in the second phase, addressing the blockchain trilemma – speed, scalability, and affordability.

    With features like a ZK-lite client, cross-chain bridges, decentralized exchanges (DEXs), liquidity protocols, yield aggregators, and a launchpad, Rollux is poised to lay the foundation for a robust Web3 ecosystem.

    Rollux’s strong foundation includes Syscoin’s dual Layer-1 architecture, featuring both a native UTXO chain and an NEVM chain. The newly introduced UTXO Bridge streamlines migration to Rollux’s EVM Layer 2, bridging the gap between UTXO and Layer 2 as per popular demand.

    Rollux has also expanded its suite of Web3 applications and services to include Pegasys DeFi exchange, Luxy NFT Platform, Pali Wallet (available in web and mobile versions), DAOSYS, and Camada, a non-custodial, regulatory-compliant crypto trading platform. The ecosystem is further enriched by Chainge cross-chain aggregated DEX, Agave DeFi lending protocol, Gamma liquidity protocol, Nexter prediction market, GoRollux launchpad, Beefy yield aggregator, and LayerSwap – the first bridge allowing direct and instant transfers from centralized exchanges to blockchains.

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