BTC
$109,061.02
+
3.63%
ETH
$2,569.11
+
3.75%
USDT
$1.0003
+
0.02%
XRP
$2.4046
+
2.80%
BNB
$663.91
+
2.91%
SOL
$172.41
+
4.10%
USDC
$0.9998
+
0.01%
DOGE
$0.2322
+
5.81%
ADA
$0.7668
+
5.22%
TRX
$0.2726
-
0.05%
SUI
$3.9764
+
3.21%
LINK
$16.14
+
4.51%
AVAX
$23.25
+
3.28%
XLM
$0.2932
+
2.71%
HYPE
$27.72
+
2.52%
SHIB
$0.0₄1483
+
2.26%
HBAR
$0.1989
+
1.29%
LEO
$8.7730
+
0.92%
BCH
$407.35
+
2.85%
TON
$3.0948
+
0.18%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
CoinDesk Indices
Share this article
X iconX (Twitter)LinkedInFacebookEmail

One-on-One with Avalanche’s Luigi D’Onorio DeMeo

Luigi D’Onorio DeMeo, Chief Operating Officer at Ava Labs, a constituent of the CoinDesk 20 Index, discusses Codebase and his efforts to enable the next generation of Web3 innovators.

By Kim Greenberg Klemballa
Updated May 21, 2024, 4:03 p.m. Published May 21, 2024, 4:03 p.m.
(Shubham's Web3/Unsplash)

The interview was conducted by CoinDesk Indices and is not associated with CoinDesk editorial. The views and opinions expressed are those of the author and not associated with CoinDesk. This is not financial advice.

Can you describe your accelerator program, Codebase, and its purpose?

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

Codebase plays a strategic role in Avalanche’s overarching vision of becoming the premier blockchain platform for startups aiming to launch scalable companies. We provide intensive, hands-on support to the most promising startups in Web3 as they launch and/or move their projects onto our chain. In some ways analogous to your standard accelerator model — weekly workshops, mentor support — we differ in that we do not take equity in participating companies at the beginning of the cohort. Instead, each team receives a $50k grant with three investments from a $400k prize pool to be awarded at Codebase’s Demo Day, which is judged by five industry heavyweights. Ultimately, the purpose of Codebase is to help accelerate the growth of the Avalanche ecosystem. We believe that one of the most effective ways to do this is to find high-potential teams in the space and shower them with resources, which is exactly what we’re doing with Codebase.

Why do you think projects are being built on Avalanche?

We’d like to think we’ve built a better mousetrap, and maybe we have, but objectively speaking, we've developed an advanced platform setting us apart in the blockchain space, featuring a unique consensus mechanism, subnetworks, and integrated blockchains. Our mission is to digitize global assets on the Avalanche blockchain. Our user-friendly, cost-effective platform stands out for its reliability and decentralization. The caliber of companies adopting our blockchain, like Deloitte for disaster relief, Amazon for enterprise, and Lemonade for insurance, speaks volumes about our platform's quality.

What else about Avalanche may set it apart from other blockchains?

I’dpoint to our subnets as a prime example. Our subnets are a standout feature, offering custom, application-specific blockchains within the Avalanche ecosystem. They allow developers full control over user experience, from fee tokens to network validation and virtual machine operations. Subnets not only benefit from Avalanche's security and speed but also isolate application activity, preventing high traffic from causing network-wide congestion. This efficiency minimizes transaction fees for all users.

What are some key features and functionalities of Avalanche that may attract institutions?

Three key functionalities set us apart in the blockchain space. First, HyperSDK empowers developers to build high-performance Virtual Machines on Avalanche, enabling them to create some of the fastest blockchains globally. Second, Vryx is our initiative to boost Avalanche's transaction speed to approximately 100,000 transactions per second, integrated into the HyperSDK testnet. Lastly, Firewood is our advanced, Rust-based database designed to store blockchain state. Unlike traditional databases, Firewood uses a trie structure as an on-disk index, eliminating the need for compaction and pruning, ensuring efficient state management.

Visit https://www.avax.network/ for more information.

CoinDesk Indices
Kim Greenberg Klemballa

Kim Greenberg Klemballa is the head of marketing for CoinDesk Indices. Kim brings approximately 20 years of experience in the financial industry and is currently responsible for leading the marketing and branding initiatives. Previously, Kim was head of marketing for VettaFi, led strategic beta and ETF marketing at Columbia Threadneedle, served as director of marketing at Aberdeen Standard Investments (formerly ETF Securities) and was vice president of marketing at Source Exchange Traded Investments (now Invesco). She also held multiple positions at Guggenheim Investments. Kim also holds the Certified Meeting Planner (CMP) and Certified Tradeshow Marketer (CTSM) designations.

X icon
Kim Greenberg
Latest Crypto News
Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

May 19, 2025

JPMorgan Chase CEO Jamie Dimon (Photo by Kevin Dietsch/Getty Images)

JPMorgan To Allow Clients To Buy Bitcoin, Says Jamie Dimon

May 19, 2025

Consensus 2025: Paul Brody, Josh Stark

Bitcoin Is the Asset, Ethereum Is the Platform

May 19, 2025

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

DOGE-USD 24-hour chart shows 4.91% drop, ending at $0.2221 on May 19, 2025

Dogecoin Finds Support After Sharp Drop as Bulls Regain Momentum

May 19, 2025

Russia, Moscow Ruslan Gibadullin / Unsplash

Binance's Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case

May 19, 2025

Top Stories
hack keys

WazirX Creditors Back Restructuring Plan to Payback $230M Hack Victims

Apr 8, 2025

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

Apr 7, 2025

MicroStrategy's Michael Saylor (CoinDesk)

Strategy Didn't Add Bitcoin Last Week, Expects to Book $6B Loss on Holdings in Q1

Apr 7, 2025

Galaxy founder Mike Novogratz (Shutterstock)

Galaxy Digital Gets SEC Nod for U.S. Listing, Eyes Nasdaq Debut in May

Apr 7, 2025

President Donald Trump (Shutterstock)

The All-Important U.S. 10-Year Yield Is Moving in the Wrong Direction for Trump

Apr 8, 2025

The Cboe Global Markets Inc. building in Chicago (Scott Olson/Getty Images)

Cboe Set to Debut New Bitcoin Futures With FTSE Russell

Apr 8, 2025

Only 1 article remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus 2025
        • Consensus 2025 Coverage
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk