Aventus

Market Challenges

Siloed blockchain value is creating inefficiencies

The blockchain industry is rolling out much like the internet did, where there was siloed value in various intranets which, when connected up by the internet, led to an explosion in value through the network effect. Blockchain is the same today. Various layer 1s and 2s all need to be connected so value can seamlessly transfer everywhere.

User and developer experience is slowing down blockchain adoption

The siloed value problem and the immaturity of the industry in general are leading to
a poor user & developer experience.

For users: they have to use a variety of wallets, many of which suffer from issues like
being permanently locked out if you lose your password.

For developers: low-level technology is overly complex and rapidly changing,
making it challenging to build a business on the blockchain.

Solution

Sustainable

The Aventus Network is a Proof of Stake blockchain leading to great energy efficiency. In the first year of operation, the Aventus Network’s power usage was about 0.02 kWh per transaction, which we expect to further reduce with future optimisations. Compare this to Bitcoin’s energy consumption of 1,173 kWh per transaction!

Efficient

The AvN can scale to 2,000+ transactions per second per parachain, and process a token transfer within 0.13 seconds at an average cost of $0.01 per transaction – 100x the speed and at 1% of the cost of Ethereum – with no volatility on price.

Enterprise Grade

The AvN has onboarded over 15 million transactions with 8m active wallets for our business clients in the first year of operation. The Gateway API allows business to pay transaction fees on behalf of their users, performs load balancing, and offers a simple API. Building on Aventus is a simple process.

Interoperable

Aventus is currently a layer 2 on Ethereum and moving towards being a parachain on Polkadot. This will allow communication across all parachains in the Dotsama universe. We are also expanding to further major layer 1 blockchains, realising the true value of a fully connected Internet of Blockchains to achieve the maximum network effect.

Use Cases

The potential applications of the AvN are vast. The network enables businesses to easily develop and implement efficient, highly secure and future-proofed blockchain solutions.

With the AvN, applications can easily work with any other promising blockchain tech, cross-chain, by plugging into the Ethereum and Polkadot ecosystems.

Video games (Play to Earn)

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.
Event Ticketing (Scalping, Engagement)

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 (Cashback)

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.
Provenance (Commodity Supply Chain)

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.
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.
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.

Testimonials

The Aventus Gateway framework has opened the door for us, giving us a truly scalable, simple solution with the flexibility we need. It’s been very easy to integrate PIP – our universal gaming rewards token – into the AvN, and NFTs are now firmly on our roadmap.

Cameron Leslie

Managing Director of Fruitlab

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.

Mark Cachia

Founder of Scytale Ventures

The next challenge facing the blockchain 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.

Gavin Wood

Founder of Polkadot

This partnership with Scytale marks a major step forward for Aventus and sets a clear path for growth and innovation well into the future. Solving the problem of interoperability is a top priority for many working in the blockchain space. Integrating with Polkadot will position Aventus at the leading edge of this effort. I am excited to see how Aventus, its token holders and clients will utilise the opportunities interoperability will bring.

Daniel Masters

Seed investor in the Aventus Network and Chairman, CoinShares International

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.

Alana Casner

Parity Vice President of Athlete Content and Strategy

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.

Bish Smeir

CEO of cashbackAPP

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.

Anthony Fabrizi

Chairman of fruitlab

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.