Search results for Ava Labs
Crypto
Avalanche Treasury shares plunge 93% as firm flags going-concern uncertainty to SEC
Avalanche Treasury, a Nasdaq-listed company that holds Avalanche (AVAX) as a core asset, disclosed to the U.S. Securities and Exchange Commission that uncertainty remains about its ability to continue as a going concern. Its shares have fallen about 93% in a month, alongside large losses on AVAX holdings. The company invested about $265 million to buy AVAX, but the value of its holdings fell to about $123 million as of March-end.
Games & Commerce
NHN shifts game strategy to Japan, targets growth in cloud, payments and defense
NHN is adjusting its game business strategy to target Japan and laid out plans to secure new growth engines in cloud, payments and defense. CEO Jung Woo-jin said the company is preparing a strategy change and pursuing contracts with well-known IPs in Japan and projects under code names. NHN Cloud began operating water-cooled B200 GPUs at its Seoul Yangpyeong region and expects related revenue from the second quarter.
Crypto
Blockchain expands into deep space as Avalanche launches network to verify observation data
Blockchain technology is expanding from finance into scientific data verification, as SkyMapper builds a dedicated Avalanche-based network to validate telescope observation data in real time. The system records and preserves data with checks for tampering through a mechanism called Proof of Space Observation. Observation data are cryptographically signed at the moment of capture, stored across a distributed network and fingerprinted on the Avalanche blockchain for later verification. Smart contracts also manage access controls, keeping sensitive government or defence data private while sharing research data.
