Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries.
Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1 networks and modules, which offer plug-and-play services like compute, identity and data oracles.
The team said this approach would be the answer for mainstream adoption, as they attempt to deliver “outcome-driven, domain-specific” blockchain-based economies.
“In order to achieve widespread adoption, our industry needs to shift from selling blockspace to delivering business value,” a Fusion spokesperson told Cointelegraph. They added that Fusion integrates economic alignment, network design and composability to achieve real-world outcomes.
Fusion expects traction in composer and module development
The Fusion team expects composers and modules — the two building blocks for the protocol — to gain traction in the next two to three years.
The spokesperson told Cointelegraph that they are starting with five composers and nearly 100 modules in the first year. The team expects this to more than double over the next two to three years.
“Because of how the ecosystem is designed, in two to three years we expect that the Fusion ecosystem will consist of tens of composers and hundreds of modules,” the spokesperson said.
Fusion’s architecture is designed to let enterprises and Web3 builders combine technology, financial tools, and identity features in ways that were previously unavailable, the spokesperson added.
“Fusion is an initiative led and funded by the Avalanche community that is only technologically possible on Avalanche,” the spokesperson said, claiming that the initiative strengthens Avalanche’s position as a blockchain that delivers real-world business value.
Related: Indonesia’s DigiAsia shares pop 90% on plan to raise $100M to buy Bitcoin
$100 million fund to come from existing Avalanche programs
The project is funded by resources allocated in existing Avalanche programs. According to Fusion’s announcement, the funds will come from Avalanche’s Multiverse, an incentive program to accelerate the adoption of Avalanche subnets, and Retro9000, a grant program that rewards developers who build infrastructure and tools.
Fusion also uses funds from InfraBUIDL and InfraBUIDL AI, programs designed to fund Avalanche-based projects.
“The funds will be distributed to support the medium-term growth of the Fusion ecosystem, including composers, modules and end-users,” the spokesperson told Cointelegraph.
Magazine: Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange