Gelato Launches New Blockchain-as-a-Service Solution on Avalanche

Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign

Blockchain developer platform Gelato is introducing a new service to streamline the creation and deployment of blockchain networks, aiming to assist financial technology (fintech) firms and other enterprises in an era of "tipping point" interest from institutions.

Announced on March 28, the new solution will let developers deploy fully sovereign chains faster and cheaper with full interoperability via Avalanche InterChain Messaging (ICM). The service is ideal for advanced applications such as fintech requiring identity verification (KYC) and specialized gaming economies, Gelato noted.

The service will enable one-click layer-1 (L1) network deployment on Avalanche and leverage key network advancements such as dynamic fees and the removal of the Avalanche (AVAX) token staking requirements.

“Avalanche L1s mark a paradigm shift in blockchain infrastructure, enabling a future where every application can run on its own sovereign chain, optimized for its unique needs,” said Martin Eckardt, senior director of developer relations at Ava Labs.

Total value locked, all chains. Source: DefiLlama

The network is currently the 10th largest, with over $1.1 billion in total value locked (TVL) across its decentralized finance (DeFi) applications, according to data from DefiLlama.

The new offering from Gelato comes as the crypto industry is seeing an "tipping point" for institutional adoption, with more financial institutions, such as BlackRock and Fidelity, showing interest in crypto.

However, institutions need more reliable infrastructure in order to have the confidence to adopt blockchain and more crypto offerings, Luis Schliesske, founder of Gelato, said.

“Institutions are making a beeline for crypto, but the question remains: will the industry be ready to handle the influx?” Schliesske asked.

According to Schliesske, financial institutions are seeking three key attributes for optimal integration:

The new service aims to provide these attributes in an easily accessible format, reducing the technical complexity and launch times for deploying new chains.

Previously launching a blockchain required extensive technical knowledge and significant engineering resources, Schliesske noted.

“We’re reducing the complexity to a simple click of a button, a testament to Gelato’s ongoing mission to make blockchain development accessible to all.”

The service will also enable seamless interoperability between different chains via Avalanche ICM, facilitating the creation of interconnected blockchain ecosystems.

“The future of enterprise blockchain is sovereign, interoperable, and invisible to the end-user,” Schliessle concluded.