Ava Labs Hires OKX and Polygon Heads to Expand in India

Ava Labs, the prominent force behind the Avalanche blockchain, has made strategic hires from both Polygon and OKX, aiming to expand its presence and operations in the thriving Indian market.

Ava Labs Seeks to Expand Adoption in India

According to The Block’s report, Ava Labs has enlisted the expertise of Devika Mittal from OKX and Kamakshi Arjun from Polygon.

As per the Ava Labs, Mittal assumes the role of Head of India, while Arjun serves as the Business Development Lead for India, both dedicated to driving the broader adoption of Avalanche within the Indian market. 

Local Team Now has 5 Members

The addition of Mittal, who previously served as OKX’s Lead of Listings, and Arjun, who held the role of Head of Partnerships in India for Polygon Labs, to the firm as their first full-time employees in India resulted in the local team comprising five members.

Mittal said: “There are many institutions and developers that we look to work with. 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.”

Ava Labs to Focus on Multiple Sectors

She mentioned that Ava Labs will focus on various sectors, including ticketing, certification, and supply chain in India. She highlighted that Ava Labs intends to replicate its successful global partnerships within the country. Mittal also emphasized the significance of Avalanche’s subnets feature, which, in her perspective, will contribute to expanding the blockchain’s adoption. 

The Year of Avalanche?

Notably, Avalanche has introduced AvaCloud, a no-code platform designed for the creation of “custom blockchains” referred to as subnets, within the broader Avalanche network.

In a recent development, Blockticity, a startup specializing in issuing certificates of authenticity for assets via blockchain technology, is reported to have created a substantial number of non-fungible tokens (NFTs) on the Avalanche (AVAX) blockchain.

Moreover, Circle, a stablecoin provider, has incorporated Euro Coin (EUROC) into the Avalanche blockchain in May. The objective of this launch was to streamline the provision of quicker and more effective financial services for both developers and users.