Akave Cloud Takes Over the Universe, But Will AVAX Finally Get Its Due?

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Akave, a decentralized storage network that’s been floating around in the vast expanse of the internet, has finally decided to launch Akave Cloud on a dedicated Avalanche Layer-1 blockchain. 🚀

Announced on July 9, 2025, this launch introduces the first decentralized data layer on the network, designed specifically for those enterprise-grade applications that have been feeling a bit neglected. 🤔

The new platform is targeting sectors like decentralized artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), and Software as a Service (SaaS). Yes, you read that right. It’s like Akave is trying to solve all the world’s problems at once. 🌍

Akave Cloud provides encrypted and verifiable storage by anchoring data logic directly to smart contracts, which is a fancy way of saying it’s going to make your data as secure as a locked safe in a galaxy far, far away. 🛡️

Akave CEO and Co-Founder Stefaan Vervaet explained that the company chose Avalanche not just for its technology, but because of a shared focus on building enterprise-grade infrastructure within its ecosystem. It’s like they’re both trying to build the ultimate spaceship, but with a bit more blockchain and a lot less aliens. 🛸

Akave’s launch highlights Avalanche’s increasing focus on institutional and enterprise adoption. Its Subnet architecture, which enables the creation of custom, sovereign blockchains, has recently attracted high-profile partners. It’s like a who’s who of the blockchain world, but with more acronyms and less red carpet. 🎩

Financial giant Citi used a Subnet to pilot the tokenization of private assets, while the California DMV is using a private Subnet to migrate 42 million vehicle titles. Yes, 42 million. That’s more than the number of people who have ever read The Hitchhiker’s Guide to the Galaxy. 📚

Further cementing its push into the mainstream, FIFA, the international governing body for football, selected Avalanche in May 2025 to power its official blockchain for fan engagement initiatives. It’s like they’re trying to make football as exciting as a blockchain whitepaper. 🏆

This move aligns with data showing that crypto gaming is a primary driver of user activity on the network, demonstrating its appeal for both institutional and consumer-facing applications. It’s like the blockchain is the new PlayStation, but with more decentralized fun. 🎮

Institutional Momentum Drives AVAX Price Up

Recent market activity is reflected in AVAX’s price, which has risen over the past week from under $18 to above $19.50. It’s like AVAX is finally getting the recognition it deserves, but it’s still not sure if it should be wearing a tuxedo or a spacesuit. 🤵‍♂️🌌

7-day AVAX/USDT price chart on Binance. Source: TradingView

This market movement comes as investors anticipate a key regulatory decision. The U.S. Securities and Exchange Commission (SEC) is expected to announce its decision on Grayscale’s application for a spot Avalanche ETF by July 15, 2025. It’s like the SEC is the final judge in a blockchain beauty pageant, and AVAX is hoping to win the crown. 🏆👑

Meanwhile, VanEck filed for the “VanEck Avalanche ETF” in Delaware recently, signaling a potential spot AVAX ETF launch. It’s like the ETF train has finally left the station, and AVAX is hoping to catch the next one. 🚄

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2025-07-10 22:22