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Akave Unveils Enterprise Data Layer on Avalanche L1
July 10, 2025 – 03:36 PM
The decentralized storage network, Akave, has launched a groundbreaking enterprise data layer solution on the Avalanche (AVAX) blockchain. This innovative technology targets businesses and organizations in the sectors of AI, DePIN, and SaaS, offering encrypted and verifiable storage by anchoring data logic directly to smart contracts.
Akave’s CEO and Co-Founder Stefaan Vervaet stated that they chose Avalanche due to its shared focus on building robust infrastructure for enterprises. This significant move aligns with the blockchain platform’s ongoing efforts to appeal both to institutional and individual investors.
The launch of Akave Cloud, a decentralized data layer solution, highlights the increasing attention from the crypto space towards mainstream institutions and high-profile partnerships. Notably, FIFA, the governing body of international football, partnered with Avalanche in May 2025 to build its official blockchain for fan engagement initiatives.
Avalanche’s Subnet architecture has garnered interest from prominent entities, such as Citi, the California DMV, and FIFA. The blockchain platform is working on establishing itself within the mainstream, and this partnership underscores its ambition.
The development is accompanied by a surge in AVAX prices, which have risen to over $19.50. This trend comes ahead of a crucial SEC decision slated for July 15, 2025, regarding Grayscale’s ETF application. Additionally, VanEck has recently filed for the “VanEck Avalanche ETF” in Delaware, indicating potential plans for an AVAX ETF.
The launch is notable, considering that it is built on a dedicated Avalanche L1, and focused exclusively towards enterprise-grade applications.
Source: TradingView
Source: www.coinspeaker.com
