The Avalanche Foundation establishes a distributed ledger technology entity in Abu Dhabi.
```
the Avalanche Foundation recently announced the official establishment of a Distributed Ledger Technology (DLT) Foundation within the Abu Dhabi Global Market (ADGM) to support the popularization of Web3 applications, enterprise collaboration, and ecosystem development in the Middle East and North Africa (MENA) region.
This DLT entity (Avalanche DLT Foundation) will serve as Avalanche's main regional foundation in the area, "supporting relevant projects, partnerships, government initiatives, enterprise participation, and developer expansion activities under a clear and trustworthy regulatory framework." It will also integrate existing related initiatives in the Middle East and North Africa region, "forming a unified structure to improve transparency and operational efficiency."
```
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Price Prediction: ETH Consolidates While Open Interest Cools and BitMine Expands Holdings
Prečo kryptomeny klesajú? Bitcoin, Ethereum a XRP v červených číslach

Meet the BeInCrypto 100 List 2025
Prediction Markets Are Overtaking Meme Coins — Is This Crypto’s Next Big Trend?
