Ava Labs Expands Operations in India, Partners with Government Agencies
Ava Labs, the crypto firm behind the Avalanche blockchain, is planning to collaborate with Indian government agencies and institutions to expand its operations and develop applications on Avalanche (AVA). To support this expansion, the company has hired Devika Mittal, formerly of OKX, and Kamakshi Arjun from Polygon to lead its Indian operations and business development.
Mittal expressed excitement about helping Ava Labs grow in the region and believes that the company is well-positioned to meet the demands of India’s tech-savvy population. Arjun, who has held leadership positions at Polygon (MATIC) India and Tech Mahindra, will also play a crucial role in expanding Ava Labs’ reach in India.
According to John Nahas, VP of business development at Ava Labs, Mittal and Arjun’s extensive experience in the blockchain industry and deep understanding of the Indian market will be essential for the firm’s growth in the region. Mittal revealed that Ava’s operations in India will focus on sectors such as ticketing, certification, and supply chain. She also highlighted the features of Avalanche subnets that will facilitate greater adoption of the blockchain.
India’s Blockchain Potential Attracts Global Firms
Ava Labs believes that India’s “organic passion for blockchain” has made it an attractive market for expansion. Chainalysis data shows that India is the world’s second-largest crypto market. The company also noted that the Indian government has shown a desire to promote blockchain development through initiatives like launching a Centre of Excellence in Blockchain Technology.
Additionally, Indian states like Goa and Telangana have embraced blockchain innovation for real-world use cases such as land records and vehicle registrations. Loco, an esports and live-streaming platform, is one notable project in India that is building Web3 products and offering unique fan experiences using a custom Avalanche Subnet.
Mittal revealed that Ava Labs is already in talks with various large institutions and has finalized a deal with a government agency, although she did not provide further details.
Hot Take: Ava Labs Seizes Opportunities in India’s Growing Blockchain Market
Ava Labs’ decision to partner with Indian government agencies and institutions reflects the company’s recognition of India’s potential as a significant player in the blockchain industry. With its focus on sectors like ticketing, certification, and supply chain, Ava Labs aims to leverage the country’s passion for blockchain technology and the government’s support for its development. By hiring experienced professionals and collaborating with local projects like Loco, Ava Labs is poised to make a strong impact on India’s blockchain ecosystem. As more global firms follow suit, India’s position as a leading crypto market is set to strengthen further.
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