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The Avalanche Foundation establishes a distributed ledger technology entity in Abu Dhabi.

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 the Avalanche Foundation recently announced the official establishment of a Distributed Ledger Technology (DLT) Foundation within the Abu Dhabi Global Market (ADGM) to support the popularization of Web3 applications, enterprise collaboration, and ecosystem development in the Middle East and North Africa (MENA) region.

This DLT entity (Avalanche DLT Foundation) will serve as Avalanche's main regional foundation in the area, "supporting relevant projects, partnerships, government initiatives, enterprise participation, and developer expansion activities under a clear and trustworthy regulatory framework." It will also integrate existing related initiatives in the Middle East and North Africa region, "forming a unified structure to improve transparency and operational efficiency."

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