American digital currency brokerage firm, Voyager Digital has announced it will be integrating the staking for Avalanche (AVAX), opening up an avenue for its customers to earn an extra income. As announced by the firm, support for a wide range of Non-Fungible Token (NFT) projects, and Decentralized Finance (DeFi) applications resident on the Avalanche blockchain will also be provided.
“By building out a wide range of new Avalanche capabilities on the Voyager platform, we are creating more wealth-building tools for our customers, including the ability to transfer and stake AVAX, Avalanche’s native token, to earn rewards,” said Steve Ehrlich, CEO, and Co-founder of Voyager. “We’re also looking to increase DeFi and NFT functionalities on our platform through Avalanche’s high-performing technology, which instantly processes thousands of transactions within a second. We’re excited for this collaboration and can’t wait to roll out joint products on our platform.”
Avalanche remains one of the fastest-growing blockchain networks around today in terms of token and ecosystem growth. Known for its time-to-finality speed and lower cost of transactions, Avalanche has become one of the most sought-after networks for developers and NFT creators and collectors respectively.
Bolstering Ecosystem Growth Through Voyager Digital
As reported by TheCoinRise earlier this week, the Avalanche Foundation has floated its $200 million ecosystem funding program dubbed Blizzard.
While Avalanche seeks to bolster its ongoing growth by promoting the establishment of new projects launching on the network, partnerships like the one it just inked with Voyager Digital remain one of the focal points of its growth plans.
The partnership will permit Voyager customers to transfer AVAX tokens in and out of its platform to enhance value movement. AVAX token has surged by more than 1945% in the year-to-date period.
“We’re thrilled to be working with Voyager and its innovative team to expand products and services related to the Avalanche platform,” said John Nahas, Vice President of Business Development at Ava Labs. “By enabling individuals to earn rewards on staked AVAX, deposit and withdraw AVAX, and easily access Avalanche DeFi and NFT products on the Voyager app, Voyager is allowing its users to tap into the rapidly growing Avalanche DeFi ecosystem directly from its trusted platform.”
More partnerships like this are likely to increase in the near future as crypto-focused companies seek to expand their product suite to meet increasing demand sweeping across the ecosystem