Source: Cointelegraph
Original: “Fusion Launched with Support from Avalanche, Investing $100 Million to Promote Blockchain Adoption”
Avalanche, Helix, and Faculty Group have jointly launched Fusion, a brand new blockchain ecosystem aimed at driving real-world applications through modular infrastructure tailored for specific industries.
Fusion is built on Avalanche and employs a dual-layer architecture, including builders, customizable Layer-1 networks, and modules, which provide plug-and-play services such as computing, identity verification, and data oracles.
The team stated that this approach will be the answer to mainstream adoption, as they aim to create a "results-oriented, domain-specific" blockchain economy.
A Fusion spokesperson told Cointelegraph, "To achieve widespread adoption, our industry needs to shift from selling block space to providing business value." They added that Fusion integrates economic consistency, network design, and composability to achieve real-world outcomes.
The Fusion team expects significant development and adoption of the two core components of the protocol—builders and modules—over the next two to three years.
The spokesperson informed Cointelegraph that they plan to launch five builders and nearly 100 modules in the first year. The team anticipates that this number will more than double in the next two to three years.
The spokesperson stated, "Due to the way the ecosystem is designed, we expect the Fusion ecosystem to include dozens of builders and hundreds of modules within two to three years."
They further added that Fusion's architecture is designed to allow enterprises and Web3 builders to combine technology, financial tools, and identity functions in unprecedented ways.
The spokesperson also mentioned, "Fusion is an initiative led and funded by the Avalanche community, and it is only technically feasible on Avalanche." They claimed that the initiative strengthens Avalanche's position as a blockchain that provides real-world business value.
The project is funded by resources allocated from existing Avalanche projects. According to Fusion's announcement, funding will come from Avalanche's Multiverse (an incentive program aimed at accelerating the adoption of Avalanche subnets) and Retro9000 (a funding program that rewards developers building infrastructure and tools).
Fusion also utilizes funding from InfraBUIDL and InfraBUIDL AI, projects aimed at funding Avalanche-based initiatives.
Related: Bitcoin (BTC) privacy enhancement tool Payjoin receives $100,000 grant from Maelstrom Foundation.
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