Gelato, a blockchain development platform, has introduced a new blockchain-as-a-service product on Avalanche, simplifying and reducing the cost of deploying sovereign blockchains for businesses.
Gelato's New Product
Gelato had previously collaborated with big names such as Kraken and Animoca Brands. Now, it is focusing on enabling businesses to deploy independent blockchains more quickly, complete with interoperability through the use of Avalanche InterChain Messaging (ICM). This is particularly valuable for fintech firms requiring KYC and gaming sites with bespoke economies.
Key Business Advantages
Luis Schliesske, Gelato’s CEO, noted that establishing a blockchain was once complicated and costly. Now, their rollup-as-a-service simplifies deployment, upgrades, and scaling. The new product enables businesses to launch their own L1 blockchains on Avalanche with a single click, eliminating the need to stake AVAX tokens.
Avalanche's Role and Future Prospects
Martin Eckardt of Ava Labs referred to this as a shift in paradigms for blockchain infrastructure, allowing every application to operate on a tailored chain. Avalanche is now the 10th largest blockchain network with a total value locked of more than $1.1 billion in its DeFi ecosystem. This is a significant step towards enterprise blockchain adoption. Notably, well-known brands such as eBay and Fox News have already deployed blockchain solutions on Gelato’s platform.
By making it easier for companies to use blockchain technology, Gelato’s action is a significant step toward enterprise blockchain adoption.
