The Avalanche Foundation establishes a distributed ledger technology entity in Abu Dhabi

According to Crowdfundinsider, 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 proliferation of Web3 applications, corporate collaboration, and ecosystem development in the Middle East and North Africa (MENA) region.

The DLT entity (Avalanche DLT Foundation) will serve as Avalanche's primary regional foundation in the area, "supporting relevant projects, partnerships, government initiatives, corporate participation, and developer outreach activities under a clear and credible regulatory framework." It will also integrate existing initiatives in the Middle East and North Africa, "forming a unified structure to enhance transparency and operational efficiency."