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 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.
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 also. 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.
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 Commercial Officer
Anna Frankowska, is a Forbes 30 Under 30 Europe Technology award winning entrepreneur, Economist by education with a diploma from University College London, and Investment Banker (RBS) by training with CFA Level 1 and FCA & PRA certifications. Anna specialises in commercial strategy, partnerships and scaling products having successfully led companies in fintech, blockchain and entertainment industries. She is also a World Economic Forum Global Shaper and sits on the advisory Board of The Oxford Guild Society.
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.