Watr Dives into Avalanche to Shake Up the $20 Trillion Commodities Market

Blockchain Meets Commodities: A Game-Changing Partnership

Hold onto your hats, crypto fans! Watr, the blockchain platform with its sights set on the colossal $20 trillion global commodities industry, is making waves by jumping onto the Avalanche (AVAX) network. They dropped the big news on April 3, and it's clear they're not playing around.

Watr isn't just dipping its toes in the water; they're diving headfirst into the deep end. By migrating to Avalanche's layer 1 blockchain, they're unlocking the door to institutional-grade infrastructure and DeFi liquidity, ready to splash it all over real-world supply chains.

This isn't just a partnership; it's a strategic power move. Watr and Avalanche are teaming up to bring commodities trading and financing onchain, opening the floodgates for users to dive into the global commodity trade. We're talking metals, minerals, food, and fuel—all on the blockchain!

John Nahas, the chief business officer at Ava Labs, isn't holding back: "Despite being a $20 trillion industry, real-world assets like commodities have barely scratched the surface of onchain adoption. Avalanche is built for this exact moment—with sovereign chains, low latency, and institutional-grade performance."

From Shell and JP Morgan to Blockchain Pioneers

Watr's not just another blockchain startup. These guys were forged in the fires of web3 and commodities at giants like Shell and JP Morgan. Now, they're setting out to revolutionize the commodity finance and trading space with their cutting-edge platform.

Why Avalanche, you ask? It's not just about the thriving developer ecosystem. Watr's eyeing the growing adoption among financial titans like JP Morgan and Citibank. They're betting big on Avalanche's performance, blending it with their own killer features like decentralized identity, traceability, and composable smart contracts to supercharge onchain adoption in commodity markets.

Maryam Ayati, founder and president of Watr Foundation, is all in: "Established Web3 concepts such as DeFi, Decentralized Identity, and smart contracts can address fundamental constraints in commodity financing, compliance, and trade. Building with Avalanche allows us to leapfrog the development cycle and leverage its ecosystem's size and security to decisively take on this opportunity."

Watr's Tech Stack: The Secret Sauce

So, what's under the hood? Watr's tech stack is nothing short of impressive. They've got WatrMrks for end-to-end traceability and WatrIDs for decentralized identities, tailored for professionals, businesses, and institutions. But that's not all—they're also harnessing NeoReserves for liquidity pools and VentureStream, a launchpad and investment hub for commodity-tech startups.

Buckle up, folks. With Watr and Avalanche joining forces, the $20 trillion commodities market is about to get a blockchain-powered shakeup like never before!