Barcelona, Spain, May 3 - At Avalanche Summit II, Kaleido announced that it will bring Avalanche’s high-performance web3 solutions to Kaleido’s Blockchain Business Cloud. Kaleido now supports the Avalanche Network and Avalanche Subnets, providing enterprises, gaming companies, institutions and governments with turnkey solutions to accelerate development with these technologies.
Ava Labs and Kaleido share a common goal of providing the tools enterprises need to tokenize real-world assets. The Avalanche network, an EVM-compatible layer-1 blockchain, focuses on providing speed, scale, and low transaction costs. In 2022, the team launched Avalanche Subnets, which make it possible to create custom blockchains optimized for specific use cases. Subnets are seamlessly interoperable with the broader Avalanche network, providing all the benefits of public network development, with a level of security and customizable permissioning normally found only in private blockchain deployments.
“Subnets will be the next growth engine in crypto, enabling novel functionality only possible with network-level control and open experimentation on a scale we haven’t yet seen,” said Emin Gün Sirer, Director of the Avalanche Foundation. “Smart contracts underpinned the amazing innovation in blockchains over the last five years, and no technology is better positioned to help carry on this tradition than Subnets.”
With Kaleido, Avalanche development is made radically simple for everyone from web3 startups to the largest enterprises. Customers are able to quickly connect to Avalanche mainnet or deploy multi-region, multi-cloud Avalanche Subnets. Development is accelerated with over 500 APIs and pluggable web3 services for asset tokenization, wallets, key management, storage, and more. All these features are backed by highly performant enterprise-grade infrastructure, giving organizations everything they need to build smarter, faster and more cost effectively to achieve better business outcomes and ROI.
“Our customers across the board from financial institutions to gaming companies are telling us that speed, flexibility, security, and the ability to scale are paramount to their web3 adoption,” said Steve Cerveny, CEO of Kaleido. “Offering click button simple Avalanche Subnets and Avalanche nodes on Kaleido will extend the Avalanche ecosystem to more companies and ultimately accelerate web3 adoption.”
Learn more about Avalanche on Kaleido and request a demo at https://www.kaleido.io/avalanche.
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for web3 devs.
Kaleido is an enterprise-grade web3 platform making blockchain and digital assets radically simple for organizations to adopt. Kaleido makes it easy to connect to any type of blockchain network and get to production quickly with a full stack of pre-built services and APIs, all backed by enterprise-grade infrastructure. That's why companies from web3 startups to leading global enterprises are in production today on Kaleido, accelerating the digitization of their critical business processes and the adoption of digital asset technologies across industries worldwide.
Kaleido is your easy button for developing next era blockchain based business applications.