We are pleased to announce that Avem and its Layer 1 partners with DAOLaunch in order to increase the adoption of our ecosystem.

DAOLaunch is the decentralized venture capital, creating a new capitalist concept that offers preferential investment conditions depending on users’ past investment performance inside the DAO (Decentralized Autonomous Organization), recorded on the blockchain. Recorded investments cannot be edited as all negotiations are all on-chain.

Investors in DAOLaunch can consider themselves venture capitalists as they can enter in different startup deals as traditional VC firms do, changing the structure of closed investment deals, to an open and more competitive deal structure on the blockchain. This is a big shake in the startup industry, creating a fair and comprehensive environment for start-up investments.

Apart from investment, DAOLaunch will provide more value to Avem thanks to the experienced team that are leading the DAO. The team has been involved in crypto since 2015 and have experience in several crypto businesses, such as crypto focused funds, trading system development and blockchain development, among others.

Avem benefits from DAOLaunch through the:

New token holders and growth of Avem wallets

Establishment of a bigger organic community

Further adoption from real users once the mainnet is launched

Therefore, Avem is positioned to take TradFi to DeFi thanks to the great support received from this partnership.

Avem is an institutional DeFi infrastructure built as a layer 1 blockchain. The chain is developed on top of Polkadot, allowing Avem to own a decentralized parachain inside the Polkadot ecosystem and can thus offer financial bankable products to its users, both retail and institutional, on top of its customizable ledger in an interoperable and scalable way.

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Avem partners with DAOLaunch to grow its ecosystem

We are proud to announce that Avem joins the Berkeley Blockchain Xcelerator, being incubated by the most prestigious accelerator in the crypto world. 

BBX launched in January 2019 as a joint venture between Berkeley’s Haas School of Business, Sutardja Center for Entrepreneurship & Technology of Berkeley Engineering and Blockchain at Berkeley. The accelerator provides non-dilutive support for selected teams by providing access to resources with the aim of advancing technology, creating new ventures and supporting research. 

For this 2022 Cohort over 300 applications were received, with Avem being one of the 20 teams selected. Throughout the different incubations, BBX projects have secured over $400M representing to date 65 alumni teams where among them can be found Acala or Astar Network, both of them becoming successful parachains inside the Polkadot ecosystem.

Avem benefits of BBX's exposure to blockchain industry connections in Silicon Valley and worldwide, access to partner and network resources and investor connections. Also education and mentorship are two important key aspects to which the accelerator will contribute to the Avem team.

Partners and sponsors at BBX include, among others:

Strategic education sponsors such as Ripple Labs, Web3 Foundation or Algorand Foundation.

Strategic industry sponsors such as Stellar, Polygon or Oasis Network.

Venture partners such as Pantera Capital, Coinbase Ventures, Republic Crypto or DFG.

Therefore, thanks to the incubation at Berkeley, Avem is positioned to take institutional and decentralized finance to the next level thanks to the great support received.

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Avem joins Berkeley Blockchain Xcelerator 2022 Cohort

We are proud to announce that Ritossa Family Office has invested in Avem, allowing us to grow in the business world and bring the adoption of our infrastructure to the large financial institutions. 

The Ritossa Family Office is one of the most important businesses in the family office sector, dating back 600 years to the time of the Venetian Empire in Europe and nowadays headquartered in Dubai. The office is also responsible for the world's most prestigious family office investment conference named by many the most significant and influential gathering of all time, where these events have been responsible for $2.8 billion in investments in companies ranging from start-ups to major global corporations.

H.E. Sir Anthony Ritossa is Chairman of the Ritossa Family Office, being a family office influencer, impact investor with interests in private equity, real estate and blockchain companies, mentor, philanthropist, author and highly sought after speaker. Sir Anthony’s background includes more than 30 years of international financial markets and investment experience, including senior executive positions at Nomura, Barclays Capital, Morgan Stanley, BNP Paribas, and Bankers Trust. 

In addition to leading his family office, Sir Anthony is a Strategic Partner and Advisory Board Member for The Private Office of Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan, an Advisory Board Member and Senior Advisor to The Private Office of His Highness Sheikh Hamdan Bin Mohammed Al Nahyan, an Advisory Board Member for The Private Council of H.H. the Prince Mahmoud Salah Al Din Assaf, and an Advisory Board Member for the Dubai Blockchain Center, The Fred Hollows Foundation, and Immersion4 Global. He is a patron at the Prince Albert II of Monaco Foundation. He is also a Professor at the Al-Khalifa Business School, where he was awarded an honorary PhD and a member of the Forbes Business Council.

Other than investment, Ritossa Family Office will provide enormous value to Avem thanks to its connections and networking in the financial business. This is crucial since it will lead Avem to the highest level as it will allow us to bring large capital of big institutions inside our Layer 1, thus growing our ecosystem by giving access in a transparent, regulated and secure way to all these big investors who today wish to enter the Crypto and DeFi space.

Ritossa Family Office adds Avem to its asset portfolio

Avem presents itself as the institutional DeFi infrastructure built as a layer 1 blockchain. The chain is developed on top of Polkadot, allowing Avem to own a parachain inside the Polkadot ecosystem and can thus offer financial bankable products to its users, both retail and institutional, on top of its customizable ledger in an interoperable and scalable way.

Decentralized finance (DeFi) has succeeded in the world of cryptography and finance, reaching a total value locked (TVL) of over $100b by the end of 2021 thanks to the creation of a financial ecosystem enabling token-holders to earn passive income from their crypto assets. Mass adoption from traditional finance is getting closer and closer; we are starting to see the evolution of the existing systems transforming in the direction of crypto and DeFi.

What’s next? The next DeFi challenge comes through the creation of bankable protocols along regulations, interoperability and scalability of infrastructures and building solid ecosystems with connection to jurisdictional assets. Avem emphasizes these key aspects with the creation of a fully compliant blockchain, building its own technology inside Polkadot and gaining a constant demand by being part of the quantum financial system (QFS).

In other words, Avem is a DLT Bank. The word “DLT’’ refers to Avem using the full potential of the blockchain world as it builds its own fully decentralized infrastructure offering its financial products in a distributed ledger technology and the word “Bank” refers to Avem’s focus on the acquisition of various licenses that enable the institutional adoption inside its ecosystem.

As mentioned above, Avem has its own layer 1 blockchain inside Polkadot and therefore allows us to be a parachain. Polkadot is a relay chain layer 0 network that enables cross-blockchain transfers of any type of data or asset, not just tokens, among its dozens of parachains, allowing the chains to interact with each other in a meaningful way. This ecosystem provides unprecedented economic scalability by enabling a common set of validators to secure multiple blockchains and provides transactional scalability by spreading transactions across multiple parallel blockchains.

Avem, along with the rest of the parachains, remain independent in their governance, but united in their security. Network upgrades are coordinated on-chain and enacted autonomously and without forking the network, ensuring that the development of Avem and Polkadot remains future-proof and community-driven. Also the whole ecosystem consumes a small fraction of energy thanks to its next-generation nominated proof-of-stake (NPoS) model — equivalent to 7 US households’ worth of energy per year — having the lowest carbon footprint among proof-of-stake protocols.

The main features of Avem include, among others being a permissionless ledger, where any developer can build its own bankable DApp, apart from being interoperable and scalable, benefiting from the Polkadot cross-chain ecosystem.

The blockchain operates with a delegated proof of stake (DPoS) system, where users are allowed to participate in the creation or delegation of nodes thanks to the blockchain’s native token lock-in. This provides a yield to the user in exchange for validation activities in the network, forming an underlying economy where each actor benefits from the ecosystem.

Utility tokens, security tokens and NFTs can be traded within the ecosystem as Avem provides its own institutional wallet, apart from being able to access through third party hybrid wallets. The chain offers a fully decentralized custodial service and also features the possibility of zero-knowledge proof inside the layer 1. The entire technology is built on Substrate through Rust and is EVM compatible.

Great technology needs a great vision behind it. It can be observed how users are flowing from the traditional finance space into the crypto space as it is all about advantages. Institutions have seen this new trend and are now evolving in order to not be left behind. Here is where Avem comes in. The reason why Avem is going to change the world is that the main focus of the team is to solve the big problems that DeFi will face in the future, such as regulations, security, and complexity, with a fully law-abiding protocol based on blockchain technology.

The company’s services are aimed at people and institutions that are looking for a way to enter the crypto world with a regulated and serious protocol in which they can finally feel safe through an infrastructure that is fully respectful of the law and offers attractive financial products.

“Avem is built with the objective of bringing finance to everyone, no matter who or where you are, thanks to blockchain technology. The next generation of DeFi should make the industry more accessible to everyday users and thus build greater trust through quality protocols and product transparency. ” — remarks the Avem Team.

Company news blog

Avem partners with DAOLaunch to grow its ecosystem

Avem joins Berkeley Blockchain Xcelerator 2022 Cohort

Ritossa Family Office adds Avem to its asset portfolio

Introducing Avem: The Institutional DeFi Infrastructure

Subscribe to the newsletter to hear about updates and events.

Company news blog

Avem partners with DAOLaunch to grow its ecosystem

Avem joins Berkeley Blockchain Xcelerator 2022 Cohort

Ritossa Family Office adds Avem to its asset portfolio

Introducing Avem: The Institutional DeFi Infrastructure

Subscribe to the newsletter to hear about updates and events.

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