What Happened in Crypto Market Today? Key Developments in Blockchain Infrastructure and ETFs

Through its collaboration with Gelato, Avalanche introduced a service to help financial institutions adopt blockchain more effectively. The service, known as “Blockchain-as-a-Service” (BaaS) provides businesses with a simplified approach to sovereign chain deployment that improves cost-effectiveness and operational efficiency.

The industry stands at a crucial threshold where mainstream institutional is set to begin as this initiative takes shape at the perfect time. Gelato’s platform tackles the rising demand for self-governing blockchain platforms through its user-friendly scheme for quick independent chain deployment. The service functions through Avalanche’s InterChain Messaging (ICM) infrastructure and serves fintech applications that need identity verification solutions including Know Your Customer (KYC) and specialized gaming economies.

The founder of Gelato, Luis Schliesske, focused on simplifying blockchain deployment for institutions. According to Luis Schliesske, the solution reduces the need for complicated engineering expertise, providing faster and easier blockchain network scaling and deployment methods. The new solution from Gelato provides “plug-and-play” capabilities together with AWS-level infrastructure that large enterprises and governments need to implement blockchain solutions effectively, according to Schliesske.