Ava Labs has released detailed information about its expansion solution Vryx, which is part of the Avalanche plan aimed at achieving 100,000 TPS for the Avalanche blockchain. It is reported that the core idea behind Vryx is the concept of dividing the various parts of the transaction process and running them in a pipeline manner, which means that one transaction block may be being verified while the next block is already in development. It is reported that Vryx benchmark tests will be released in the coming weeks, and the expansion solution will be enabled on the first HyperSDK test network in the second quarter.

Emin Gün Sirer, founder of Ava Labs, stated on X platform that it took a while for him to see the value of Meme coins and understand their cultural significance. They are just social signaling mechanisms and can be something you own simply because you like it. They send a signal to the world that you are part of a group with similar tastes. Memecoins only have value if they are fun, but be careful as they are highly volatile and this is a field where all assets are already quite volatile.

Ava Labs stated in a post on X platform that it has migrated its bug bounty program to Immunefi in order to improve the security of development tools such as Core (Web, mobile, and browser), public APIs, etc.

Ava Lab has announced the transfer of its bug bounty program to Immunefi on X platform, in order to continue to strengthen the security and robustness of all content from Core applications (Web, mobile, and browser extensions) to developer tools such as public APIs and browsers, with a maximum bounty of $10,000.

Ava Labs has announced accelerated expansion into the Asia-Pacific market by hiring a new senior employee, Laura Nguyen, who will join as the first Vietnamese country manager to accelerate its development in Asia. Laura will focus on driving adoption of Avalanche in the country while promoting business and community development.

Ava Labs, a crypto startup that supports the Avalanche blockchain network, has reportedly laid off a significant number of employees, particularly in its communications and marketing teams. The scale of the cuts has not been confirmed by the company, but it is believed to be widespread and has caught many employees by surprise. It remains unclear whether the technical teams have been affected. This comes after NFT marketplace OpenSea underwent a similar restructuring, laying off about 50% of its staff.