.avalabsofficial has unveiled AvaCloud, a “No-Code” Web3 launchpad to streamline Web3 product development. The tool aims to foster chain interoperability and lower the risk of bringing products to the market.
With these new tools, users can quickly create a free testnet, launch onto mainnet and continue to add on functionality as they expand over time. Nicholas Mussallem, senior vice president of product at Ava Labs, said that AvaCloud allows companies to bring its Web3 products to market faster and with lower risk, without needing to hire blockchain-focused employees.
"Historically, custom blockchains have required both intensive capital and human investment," he told CoinDesk."One study quotes end-to-end deployment for a custom blockchain to have an average time and cost exceeding 12 months and $1.5 million per year." He added that public blockchain networks are often unsuitable for business and government entities because they either"fail to meet regulatory requirements or are too expensive and slow." "As blockchain has matured, it’s become clear that one size does not fit all," he said."Because AvaCloud-powered blockchains are able to customize validator requirements likeand privacy, industries with strict regulations can benefit from blockchain tech. This opens the door for TradFi adoption, HIPAA compliance, government programs and much more." According to Ava Labs, the new tool will create greater revenue opportunities and"sets the stage for mass adoption-ready cloud-based infrastructure in blockchain." AAA game studio
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