Problem

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.

Solution

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Price

The average transaction cost on the Aventus Network begins 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.

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Scale

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.

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Enterprise Grade  

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 also. You can find full transparency of all Aventus Network traffic and fees at

explorer.aventus.io.

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Interoperability

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.

Use Cases 

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.

  • Live Entertainment

    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

    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.

  • Video Games

    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.

  • More coming!

    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.

Partnerships

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Team

Alan Vey

Co-founder & CEO

Anna Frankowska

Chief Commercial Officer

Andrey Brozhko

Chief Technology and Product Officer

Andrew Shackleton

Chief Services Officer

Alex Pinto

Cryptography SME

Nahu Seyoum

Software Architect

Glyn Dimond

Ethereum SME

Danny Masters

Investor & Mentor

Prof. William Knottenbelt

Advisor & Mentor

Interested in joining the team?