CoinVoice has recently learned that, according to Crowdfundinsider, the Avalanche Foundation has officially established a distributed ledger technology (DLT) foundation within the Abu Dhabi Global Market (ADGM) to support the popularization of Web3 applications, corporate cooperation, and ecosystem development in the Middle East and North Africa (MENA) region.
The DLT entity (Avalanche DLT Foundation) will serve as Avalanche's main regional foundation in the area, "supporting relevant projects, partnerships, government initiatives, corporate participation, and developer outreach activities within a clear and credible regulatory framework." It will also integrate existing initiatives related to the Middle East and North Africa region, "forming a unified structure to enhance transparency and operational efficiency." [Original link]
