Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1 networks and modules, which offer plug-and-play services like compute, identity and data oracles. The team said this approach would be the answer for mainstream adoption, as they attempt to deliver “outcome-driven, domain-specific” blockchain-based economies. “In order to achieve widespread adoption, our industry needs to shift from selling blockspace to delivering business value,” a Fusion spokesperson told Cointelegraph.
Fusion’s architecture is designed to let enterprises and Web3 builders combine technology, financial tools, and identity features in ways that were previously unavailable, the spokesperson added.“Fusion is an initiative led and funded by the Avalanche community that is only technologically possible on Avalanche,” the spokesperson said, claiming that the initiative strengthens Avalanche’s position as a blockchain that delivers real-world business value. Related: Indonesia’s DigiAsia shares pop 90% on plan to raise $100M to buy Bitcoin$100 million fund to come from existing Avalanche programsThe project is funded by resources allocated in existing Avalanche programs.
They added that Fusion integrates economic alignment, network design and composability to achieve real-world outcomes. Fusion expects traction in composer and module developmentThe Fusion team expects composers and modules — the two building blocks for the protocol — to gain traction in the next two to three years. The spokesperson told Cointelegraph that they are starting with five composers and nearly 100 modules in the first year.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Ezra Reguerra
The story "Avalanche-backed Fusion launches with $100M to boost blockchain adoption" has 384 words across 13 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Avalanche-backed Fusion launches with $100M to boost blockchain adoption" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 48 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
