What does Ava Labs do?

Ava Labs is a New York-based software company founded in 2018 by Cornell University computer scientists. The company focuses on developing high-performance Web3 solutions through its Avalanche blockchain platform, which is a decentralized, open-source Layer-1 blockchain launched in September 2020. Ava Labs aims to empower users to digitize assets on programmable blockchain networks, enhancing value creation in the Web3 space. The company builds infrastructure and tools for Avalanche, including the core Layer-1 platform with three chains (X-Chain, C-Chain, and P-Chain), AvaCloud for custom blockchain development, and a free browser extension called Core for secure interactions. Ava Labs also offers the Avalanche Bridge, which has facilitated significant transfers between Ethereum and Bitcoin. The company collaborates with various partners, including Deloitte and Tixbase, and supports a diverse ecosystem across DeFi, NFTs, gaming, and institutional applications.