Welcome to the Avalanche Weekly Overview. A one-stop-shop for the AVAX community to get up to speed on the Avalanche blockchain network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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These metrics are based on a 7-day time frame, unless noted otherwise.
🔺What we’re watching: Fan3 launched its fan engagement platform on Avalanche designed to enhance fan connections.
🔺Why it matters: In a sector where bot usage and scalpers are on the rise, Fan3 looks to flip to the script and ensure tickets can reach genuine supporters. The fan experience platform uses digital passes and NFC-enabled wristbands to authenticate fans to combat bots. This can help empower artists to reclaim control over their events because it means their fans would be able to get tickets to events at a, hopefully, better price.
Fan3’s ramework is designed for rapid transactions and real-time interactions. “It’s about empowering both sides through true ownership: authenticating fandom, defeating bots and scalpers, and getting real tickets into real fans’ hands,” Fan3 CEO Ross Taylor said.
Fan engagement platforms that are onchain can create a more transparent and connected solution for both artists and fans. Traditional ticketing and engagement models prioritize profit, leaving fans frustrated due to ticket bots and scalpers, among other reasons. However, by recording fan interactions, such as ticket purchases onchain and rewarding loyal users, it can create a trust-based environment where fans feel valued and artists can engage directly.
🔺The bigger picture: The rise of onchain fan engagement platforms reflects a broader push for authenticity and ownership in digital spaces. Blockchain technology empowers fans to own their digital assets, such as tickets, removing the need for a centralized platform that could be exploitive or restricting.
As real human interaction becomes more valued with the rise of AI, fans may seek these deeper and interactive relationships with artists. Platforms like Fan3 can offer interactive experiences, such as real-time reward drops or passholder-only events, that keep fans engaged long after an event ends. In turn, it fosters connections between artists and fans, rather than leaving a poor experience due to bots.
This interconnected approach looks to amplify the value of fan participation, positioning onchain engagement as a contributor to a decentralized cultural economy.
Top 3 Avalanche games by 7-day total txns:
Avalanche Foundation shared the second project snapshot for Retro9000 is slated for July 15
Core Wallet deployed Core Concierge, voice-activated wallet assistant designed to perform user activities like swaps and bridges
Avalanche integrated Chaos Labs’ Proof of Reserves to enable verification of bridged asset backing across the network for enhanced transparency and trust
Avalanche recorded $149M in perp volume on June 23, a new high on the month according to DefiLlama
L1 Stats
Active L1s: 74
Total L1 validators: 836
Active blockchains in the Avalanche network: 77
Total staked across L1s: 351,614 AVAX
Distribution of L1s by category. Source: Snowpeer
BloodLoop launched its tactical shooter game to the Epic Games store
Forgotten Playland integrated blockchain technology to its game for item ownership and tradable asset support
CoW DAO deployed CoW Protocol, a suite of tools that enables gasless trades with built-in MEV protection, to Avalanche
Here’s Avalanche-based articles that made headlines this week.
BloodLoop: A Hero Shooter That Rewards Skill and Time with Real Ownership (Avalanche Team1 Dao)
How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers (Decrypt)
Emin Gün Sirer on Scaling Avalanche and Redefining Decentralization (The Defiant)
Check out the Avalanche blog for more updates.
Want to dive deeper into Avalanche?
Applications are open for the Avalanche Faculty Development Program, an initiative designed to provide education faculty with a foundational understanding of blockchain technology
Meet up with the Beam and Avalanche community during Gamescom in Cologne, Germany on August 20
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.