Avarta and Velas Bring Real-World Functionality To Online Trading

February 21, 2022

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  • Co-marketing campaign around the release of a partnership
  • Exploration of using Avarta's multi-chain biometrics, whitelisting and Trust score capabilities
  • Exploration of using Velas product (Vault, Wallet), technology and staking capabilities.


Avarta is excited to announce a new partnership with Velas, a decentralized computer that has millions of executable projects, autonomous storage and smart contracts. As we expand our reach in the new Web 3.0 epoch, the partnership between Avarta and Velas makes it possible for users to securely access multiple blockchains, offering more flexibility and freedom to exchange crypto assets. Capable of executing more than 50,000 + transactions per second, Velas brings real-world functionality to online trading.

Co-founder and CEO of Velas, Farhad Shagulyamov said:


“With the Solana framework, Velas customers can transfer crypto assets in an instant, and with Avarta’s biometrics, whitelisting and Trust score and seamless interoperability, consumers can purchase goods online with confidence. We’re really excited about the future of the blockchain and our partnership with Avarta takes us one step closer to realising a secure DeFi ecosystem.”



Matthew Ainscow, Chief Executive Officer of Avarta commented:

“To develop a decentralized framework that translates into real-world capabilities, we need cross-chain compatibility and super-fast processing speeds. Velas enhances deeper interaction between businesses and customers by integrating Crypto Wallets across a multi-chain ecosystem and because they allow immediate withdrawals without delays, penalties or restrictive limits, Velas is more attractive than existing social media platforms like YouTube and Facebook. With Avarta’s biometric authentication and the capacity to privately read transaction history, and Velas’ technology and staking capabilities, it’s possible to transfer crypto-assets instantly in a secure environment with trustless contracts.”



About Avarta


Avarta provides a decentralized multi-chain wallet equipped with biometric authentication technology and Trust Score system which provides military-grade security you can control from any mobile device. The Avarta platform promotes a permissionless DeFi environment in which users can seamlessly transfer crypto-assets across multiple blockchain platforms, lowering the risk of digital transactions and reducing transactions fees associated with the existing banking system.  


Get involved with the Avarta community: Website | Twitter | Telegram | LinkedIn



About Velas


Velas supports multiple applications written for the Ethereum ecosystem and is built on the Solana blockchain framework which facilitates up to 50,000 transactions per second together with fast and convenient development of Proofs-of-Concept and smart contracts. Offering a new level of cross-chain interaction, Velas enables users to efficiently transfer and manage assets across different blockchains in an ecosystem that is resistant to various types of attacks.


For more information about Velas, visit our website, Velas, or join our Telegram Community and pitch your questions to our members.