Aventus Makes it better to build on Ethereum
Ethereum fees are at an all time high and scalability is limited to just 13 transactions per second.
That’s not enough
Aventus Network is a layer-2 solution that brings the scale and privacy of a permissioned blockchain with the security and interoperability of public blockchains — with none of the drawbacks of either.
The average transaction cost on the Aventus Network is currently $0.01 (paid in AVT). This is not only 99% cheaper than the average Ethereum transaction fee over the past year, but also predictable by solving transaction price volatility.
The Aventus Network (AvN) can currently theoretically scale to 2,000 transactions per second — 133 times more than Ethereum. The AvN will process a token transfer within 0.13 seconds — 100 times faster than the Ethereum blockchain.
The AvN is onboarding over 18 million transactions from clients active on private test networks over the last year. All current and future transactions will flow through the main net as well. You can find full transparency of all Aventus Network traffic and fees at
Ethereum competitors exist, as well as other private / permissioned networks, creating disconnected silos of value. Aventus builds using substrate, which makes it simple to become a parachain and benefit from full Polkadot interoperability.
The potential applications of the Aventus Network are vast. The network lets organisations ranging from NFTs and supply chain coordinators through to customer rewards schemes and live entertainment companies easily develop and implement efficient, highly secure, and future-proof blockchain solutions.
With the Aventus Network, applications can easily work with any other promising blockchain tech, cross-chain, by plugging into the Polkadot ecosystem and building on Substrate.
Non-fungible tokens (NFTs)
Our latest solution is for Non Fungible Tokens (NFTs). This is an area in decentralised finance that is rapidly growing, digitally representing ownership in a highly tradable and secure format, allowing marketplaces and more complex financial products to be built around NFTs. This can include anything from collectables, tickets, art, and more.
We have two applications of the AvN in Live Entertainment: 1) Ticketing for events. This solves issues around fraud and secondary market activity and ultimately ensures control over tickets for organisers. 2) Live streaming. Securing access rights to a stream through a blockchain ticket.
Loyalty schemes can be represented on blockchain with various benefits, including but not limited to: reducing the balance sheet obligation for loyalty providers, improved UX for customers with more liquid / transferable points, and new economic models for monetisation. We are active across eight territories globally in loyalty, mostly with cash back solutions.
Supply Chains / Provenance
We have use cases in supply chains across two major categories. 1) Commodities where gold is sold while in the ground, the funds being used to extract the gold and move it through the supply chain tracing it until refined. 2) A marketplace for negotiation of soft commodities (mostly agrifoods) and management of the complex supply chain agreements.
Our solutions in video games fall into two categories: 1) In game currencies where users perform some notion of ‘work’ to earn the token and the tokenomics are structured to incentivise behaviour, typically adoption and increased usage of the platform. 2) Trading collectables (e.g. swords or skins) which are represented by NFTs, with the key value add being if you lose your account you do not lose ownership of the precious items you have created. In some use cases, this allows the transfer of the items outside the game platform.
We are exploring and developing new Aventus Network (AvN) use cases all the time where there is market demand and it makes commercial sense. Potential use cases for AvN are as vast as the use cases for businesses and dApps that want to build on Ethereum. In that sense, what begins with NFTs, supply chain management, live entertainment, gaming, and loyalty, can quickly progress into the worlds of finance, advertising, identity management, sports, and beyond.
We are eager to support Alan and the team at Aventus to integrate more closely with the Polkadot Ecosystem. We invest primarily with strong teams with exemplary dedication and character, and I cannot think of anyone more committed to delivering useful, interoperable solutions than Aventus. Their organic decision to first build on Substrate because of the tech stack, then work with us to join the community dedicated to multichain interoperability, is a testament to the power of Substrate, and will unlock tremendous value for stakeholders. We’re confident that – with our expertise and investment – Aventus will ensure true interoperability with the Polkadot ecosystem, setting an example for others in this space to follow.
The blockchain community has flourished over the last two years and so has the variety of services blockchains provide. The next challenge facing the community is making interoperability between blockchain networks a reality. This is precisely what Aventus’ integration into the Polkadot network will enable, bringing the speed, security and long-term cross-compatibility required for Aventus to work seamlessly with the wider blockchain community. We can’t wait to see where this takes Aventus – the possibilities are endless.
For many years, I have been a firm believer that blockchain has a truly transformative potential for businesses across a range of sectors, and be a committed advocate for projects that can enable its widespread adoption. Aventus is at the cutting-edge of what can be achieved with blockchain and I am delighted to be supporting the project during this crucial time in its growth. It is no secret that Ethereum, though an extremely powerful tool for businesses, has a number of limitations – from speed and efficiency through to cost and scalability. Aventus’ solution mitigates these issues by design and will enable companies who always dismissed blockchain as being too expensive or too slow to rethink their conclusions. With its huge potential and wide applications, I am excited to see how the Aventus network grows and develops over the coming months.
The Parity NFT Marketplace will put women athletes at the forefront of technology, business and sport, rather than having them as an all-too common afterthought. Our marketplace will deliver initial revenue when NFTs are first sold and provide ongoing revenue for athletes each time their NFT is sold on the secondary market. The Aventus team understood the ambitious scope of our vision from the outset, and their technical knowledge is unmatched. The Legends Series is an exciting beginning to our collaboration.
At cashbackAPP, we were always extremely interested in how blockchain technology could enable our business to run more smoothly. Using fiat currency on a rewards programme like ours leads to several complex problems – most notably our ability to transfer money between businesses and registered users quickly and efficiently. Before Aventus, we had always been reticent to start using a blockchain solution, deterred by the high bar to entry in terms of cost and the ever-slowing speed of traditional Ethereum.
The fruitlab community has already grown significantly over the last two years and the tokenisation of the PIP is the next exciting step in our journey. The fruitlab web and app proposition for gamers is, we believe, highly attractive and it will only be further enhanced by the strategic move of tokenising the PIP with a view to bringing even more value to players and content creators. The partnership between fruitlab and Aventus Network will bring the speed and cost-consistency required for further scaling of the PIP ecosystem. We are confident in the appetite for a universal gaming token which can be used for trading NFTs and staked in competitive gameplay for value – we can’t wait to see what the future holds.
The launch of our governance platform ensures that every AVT holder now has a say in deciding the future of Aventus Network. This is part of our wider ethos of driving transparency and robustness in all our activities. Not only do we believe that this is an important step for our Network – we believe this approach is the natural next step for blockchain as the technology matures and its use-cases expand. We are 100% committed to being community-led and look forward to engaging directly with our token holders.
Co-founder & CEO
Alan s a Forbes 30 under 30 winner for his work as the co-founder & CEO of the Aventus Network. Before moving into Blockchain, Alan worked at Deloitte in the Entrepreneurial Business Department and macro hedge fund Brevan Howard. He completed a Master’s Degree in Artificial Intelligence at Imperial College London. His masters thesis was on blockchain technology, during which he co-founded Aventus.
Chief Technology and Product Officer
Andrey Brozhko has over 20 years of experience leading product and software engineering efforts, primarily in distributed systems and security applications, spanning large multinational companies and startups in Fintech, Blockchain and Cloud industries. Ex-R3 and Oracle, he is a graduate of Warwick University and holds an MBA and MSc software engineering degrees.
Chief Services Officer
Andrew Shackleton, is a high-performance and innovative operational leader with over 15 years’ achievement in delivering multi-million pound global digital programmes with a clear focus on increasing profitability, client satisfaction, ROI and revenue growth. He has delivered exceptional growth at start-ups, and spin-offs, and is a specialist in turning around areas of operational underperformance. He graduated with a MSc from the University of Cape Town.
Alex Pinto, combines a broad background in software engineering and academic experience, including a PhD in Cryptography and teaching undergraduate computer science courses. Before joining Aventus, he was a researcher at the Information Security Group at Royal Holloway University of London, and a software engineer at Sophos and Fidessa, where he developed charting applications for Technical Analysis in Trading. A firm believer in the power of education, he maintains a blog promoting blockchains, cryptography and a scientific approach to software development.
Nahu Seyoum, is a software engineer with over 13 years experience developing enterprise grade software targeting desktop, web and blockchain applications in various industries. He has spent 10 years as a full stack developer and over three years working on blockchain. He has experience designing and writing smart contracts on Ethereum and more recently focusing on substrate and rust.
Glyn Dimond, is a senior engineer at Aventus, who has followed blockchain’s progress since the release of the Bitcoin whitepaper. After completing his MEng in AI & Cybernetics at the University of Reading he worked across finance, security, and distributed systems, specialising in writing Solidity smart contracts from 2018 onwards, with a number of successful projects now live on Ethereum mainnet.
Investor & Mentor
Danny Masters, is a Bitcoin Pioneer, Executive Chairman of CoinShares, a company that has accumulated over $3B in assets in XBT Provider listed products while having attracted over 40,000 clients. Entrepreneur, visionary founder and industry leader in the domain space’s first two NASDAQ-listed bitcoin and ethereum tracking certificates. Director of the world’s largest, first fully regulated Bitcoin Fund (which is now retired). Co-founded Global Advisors in 1999, after serving as Global Head of Energy and Trading Business at Morgan Guaranty Trust Company (“MGT”) in New York (now JP Morgan Chase & Co.).
Prof. William Knottenbelt
Advisor & Mentor
Prof. William Knottenbelt is Professor of Applied Quantitative Analysis in the Department of Computing and Director of the Imperial College Centre for Cryptocurrency Research and Engineering (IC3RE). He is an expert of the World Economic Forum on blockchain and is technical advisor to a number of blockchain start-ups including Aventus, Gradbase and Alice.si.