According to Ava Labs, the tool will make it possible for businesses to market Web3 products more quickly, affordably, and risk-free.
The organisation behind layer 1 blockchain Avalanche, Ava Labs, is introducing AvaCloud, a Web3 launchpad that aids companies in creating fully managed, no-code blockchain ecosystems.
An automated blockchain builder, managed validators, extensive data tools, and chain interoperability are the four main parts of the AvaCloud product.
Companies have access to a no-code blockchain portal with 24/7 technical support and a dedicated infrastructure team through the automated blockchain builder, which enables them to manage a private network. Every blockchain managed by AvaCloud makes use of precompiled, adaptable smart contracts that are part of the blockchain protocol.
While comprehensive data tools offer blockchain insights from across the entire Avalanche network and Ethereum blockchain, managed validators offer automated installation and updates.
Avalanche Warp Messaging, which Ava Labs recently released, enables native communication between all Avalanche subnets.
With the help of these new tools, users can easily set up a free testnet, go live on the mainnet, and keep adding functionality as they grow.
AvaCloud: Fast and Safe Web3 Product Marketing Without Hiring Blockchain Specialists, Says Ava Labs’ Senior VP
According to Nicholas Mussallem, senior vice president of product at Ava Labs, AvaCloud enables businesses to market their Web3 products more quickly and safely without the need to hire blockchain specialists.
He told CoinDesk that historically, “custom blockchains have required both intensive capital and human investment.” According to one study, the end-to-end deployment of a custom blockchain takes an average of more than 12 months and costs more than $1.5 million annually.
Public blockchain networks, he continued, are frequently inappropriate for use by businesses and governments because they “fail to meet regulatory requirements or are too expensive and slow.”
One size does not fit all when it comes to blockchain, he said, adding that the technology has matured. “Industries with strict regulations can benefit from blockchain technology because AvaCloud-powered blockchains can customise validator requirements like KYC and privacy. This makes it possible for the adoption of TradFi, HIPAA compliance, government initiatives, and much more.