{"id":449120,"date":"2023-10-19T09:49:31","date_gmt":"2023-10-19T09:49:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=449120"},"modified":"2023-10-19T12:20:47","modified_gmt":"2023-10-19T12:20:47","slug":"avalanche-expands-in-india-focusing-on-ticketing-and-supply-chain-sectors","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/avalanche-expands-in-india-focusing-on-ticketing-and-supply-chain-sectors","title":{"rendered":"Avalanche Expands in India, Focusing on Ticketing and Supply Chain Sectors"},"content":{"rendered":"<p>Avalanche (AVAX) recently started a new incentive that will expand in India, focusing on specific sectors &mdash; supply chain and ticketing.<\/p>\n<p>Furthermore, a <a href=\"https:\/\/www.theblock.co\/post\/258257\/ava-labs-avalanche-india-plans?utm_source=twitter&amp;utm_medium=social\">report<\/a> published by The Block says that Ava Labs, Avalanche blockchain&rsquo;s developer, has started hiring talents from Polygon and OKX. The new additions to Avalanche&rsquo;s team are Devika Mittal and Kamakshi Arjun.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We're excited to welcome Devika Mittal and Kamakshi Arjun, accelerating the firm's growth in the Indian market, primarily focused on institutional partnerships, developers, and community growth.<\/p>\n<p>Welcome <a href=\"https:\/\/twitter.com\/MittalDevika?ref_src=twsrc%5Etfw\">@MittalDevika<\/a> and <a href=\"https:\/\/twitter.com\/kamakshi_taneja?ref_src=twsrc%5Etfw\">@kamakshi_taneja<\/a>!<a href=\"https:\/\/t.co\/PMfNp3J7Pw\">https:\/\/t.co\/PMfNp3J7Pw<\/a><\/p>\n<p>&mdash; Ava Labs &#128314; (@AvaLabs) <a href=\"https:\/\/twitter.com\/AvaLabs\/status\/1714809058480529465?ref_src=twsrc%5Etfw\">October 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Avalanche Goes to India with a Focus on Specific Sectors<\/h2>\n<p>The report says that Mittal will join as the head of India, while Arjun will be the new business development lead for Avalanche&rsquo;s Indian branch.<\/p>\n<p>Mittal told The Block that India is a big market, with many institutions and developers that Avalanche wants to work with. &ldquo;We are already in talks with a lot of different large institutions, very prominent institutions, and we have already finalized a deal with a government agency,&rdquo; she added, avoiding specific details for the time being.<\/p>\n<p>However, Mittal did note that Ava Labs wants to target ticketing, supply chain, certification, and similar sectors. She also said that Ava has a business development fund explicitly created for the expansion in India, although she did not reveal the fund&rsquo;s size.<\/p>\n<p>For now, India appears to be the new hottest market, as other crypto projects, such as Near and Algorand, also moved to expand into the world&rsquo;s fifth-largest economy. In addition, the country is where Polygon made its home base, meaning that Avalanche already has serious competition in the country.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">India has become the world&rsquo;s second largest crypto market, and is number one globally for blockchain adoption. <\/p>\n<p>Source: <a href=\"https:\/\/twitter.com\/TheBlock__?ref_src=twsrc%5Etfw\">@TheBlock__<\/a>  &#128071;<a href=\"https:\/\/t.co\/ptDBPbEoPo\">https:\/\/t.co\/ptDBPbEoPo<\/a><\/p>\n<p>&mdash; Ava Labs &#128314; (@AvaLabs) <a href=\"https:\/\/twitter.com\/AvaLabs\/status\/1714809059873116441?ref_src=twsrc%5Etfw\">October 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>AVAX Price Fails to Respond to Expansion News<\/h2>\n<p>Currently, Avalanche is the seventh-largest blockchain network, with a total value of around $500 million. However, when it comes to its market cap, it sits as the 22nd according to <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>, with about $3.16 billion-large market cap.<\/p>\n<p>Unfortunately, its token, AVAX, did not make a reaction to the news of Avalanche&rsquo;s expansion as of this time. The token saw a price drop of nearly 3% in the last 24 hours, a continuation of a decline that started this Monday, October 16.<\/p>\n<p>Avalanche went from $9.6 to $8.8 in the last four days. After hitting support at $8.8, the token saw only a slight recovery to $8.9, which is where it sits at the time of writing.<\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-avalanche\">How to Buy Avalanche (AVAX) &ndash; Invest with Low Fees Today<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/avalanche-analysis-avax-likely-to-see-major-moves-by-year-end\">AVAX Likely to See Major Moves by Year End<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/avalanche-avax-price-prediction-is-a-30-increase-on-the-horizon-for-avax\">Avalanche (AVAX) Price Prediction: Is a 30% Increase on the Horizon for AVAX?<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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Furthermore, a report published <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1717,"featured_media":445085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-449120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Avalanche Expands in India, Focusing on Ticketing and Supply Chain Sectors<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) recently started a new incentive that will expand in India, focusing on specific sectors \u2014 supply chain and ticketing. Furthermore, a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche Expands in India, Focusing on Ticketing and Supply Chain Sectors\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T09:49:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T12:20:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/Security-12.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ali Raza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ali_r1272\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Raza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120\"},\"author\":{\"name\":\"Ali Raza\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d\"},\"headline\":\"Avalanche Expands in India, Focusing on Ticketing and Supply Chain Sectors\",\"datePublished\":\"2023-10-19T09:49:31+00:00\",\"dateModified\":\"2023-10-19T12:20:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/Security-12.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120\",\"name\":\"Avalanche Expands in India, Focusing on Ticketing and Supply Chain Sectors\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/449120#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/Security-12.png\",\"datePublished\":\"2023-10-19T09:49:31+00:00\",\"dateModified\":\"2023-10-19T12:20:47+00:00\",\"description\":\"Avalanche (AVAX) recently started a new incentive that will expand in India, focusing on specific sectors \u2014 supply chain and ticketing. 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