A new blockchain-as-a-service offering is being introduced on Avalanche by Gelato, a platform for blockchain developers, in response to the rising need for sovereign blockchain infrastructure at a pivotal moment for institutional engagement.
Having previously created blockchain solutions for prominent firms like Kraken and Animoca Brands, Gelato revealed an upgrade designed to enable developers to launch fully sovereign chains more efficiently and cost-effectively while ensuring complete interoperability through Avalanche InterChain Messaging (ICM).
According to a March 28 announcement that was shared exclusively, the service is particularly suited for sophisticated applications such as fintech that necessitate identity verification (KYC) as well as specialized gaming ecosystems.
This service facilitates the rapid deployment of independent (“sovereign”) blockchains, minimizing costs and expediting launch timelines.
Luis Schliesske, Gelato’s founder, pointed out that prior to this innovation, establishing a blockchain required substantial technical expertise and significant engineering resources. The new offering simplifies this process. He stated:
“Gelato’s RaaS on Avalanche simplifies everything from deployment and updates to real-time monitoring and scaling. It’s a plug-and-play solution that greatly reduces time-to-market and operational challenges, bringing AWS-level infrastructure into the rollup era.”
“The future of enterprise blockchain is sovereign, interoperable, and less visible to the end-user,” he added.
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This new offering will allow for one-click deployment of layer-1 (L1) networks on Avalanche and will utilize essential network developments such as dynamic fees and the elimination of Avalanche (AVAX) token staking requirements.
“Avalanche L1s represent a significant transformation in blockchain infrastructure, paving the way for a future where every application operates on its own sovereign chain, tailored to its specific needs,” stated Martin Eckardt, senior director of developer relations at Ava Labs.
Total value locked, all chains. Source: DefiLlama
Avalanche ranks as the 10th largest blockchain network in the industry, showcasing over $1.1 billion in total value locked (TVL) across its DeFi applications, according to data from DefiLlama.
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A solid infrastructure is an essential requirement for institutional crypto engagement
The cryptocurrency sector is at a “tipping point” regarding institutional blockchain adoption, with a growing number of financial entities eager to embrace the technology.
However, these institutions require a more reliable infrastructure to trust in adopting blockchain technologies and expanding their crypto offerings, as noted by Schliesske. He elaborated:
“Institutions will avoid crypto infrastructures that seem experimental or unreliable. […] Reliability is fundamental for bringing onboard financial institutions, governments, and large enterprises.”
Notable brands such as Fox News and eBay have already launched blockchain-based solutions using Gelato’s development platform.
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