Aver is 1 Year Old Today!

A look back at some milestones and achievements.

One year ago today, the first lines of code for the Aver protocol were written.

We’ve come a long way since then.

Let’s look back at some of our milestones and achievements over the past year.

The launch of Aver’s Devnet Closed Beta was the first step in Aver’s journey. This marked the first time that participants could interact with the first MVP iteration of the Aver protocol.

In the summer of 2021, Solana launched IGNITION — a global hackathon focused on Web3, DeFi, Gaming and NFTs. With crypto pioneers and developers across the world joining, IGNITION saw nearly 6000 participants submit 568 projects to the judges.

During the 1-month long Hackathon Devnet beta, 3K+ unique wallets connected to the Devnet network, 66K+ trades were placed and 500+ members joined our community.

This was the first proof of concept and foundation for the protocol.

Aver was the third-place winner of the DeFi track at the hackathon.

In just 41 days, the team learned how to interact with Web3, built a strong community and fleshed out a fully integrated DEX and betting UI.

The team received a $30k prize to kickstart the project and to build a better, more ‘production ready’ implementation of Aver.

In the first weeks of 2022, Aver announced $7.5m in seed funding had been secured.

The raise was led by venture capital heavyweight Jump Crypto, and drew backing from several other large players in the space, including Mirana Ventures, Susquehanna International Group, Genesis Block Ventures, Serum Ventures, Blue Pool Capital, MEXC, Gate.io, Petrock Capital and Solar Eco Fund.

The funds raised in this seed round enabled Aver to expand the core team, bring on more contributors and start to tackle the many technical, operational and legal challenges of building the world’s first platform of it’s kind.

In March 2022, just five months after IGNITION, Aver launched a public beta on Solana Devnet.

This was the first time that participants outside the closed beta could interact with the protocol. Thanks to the extensive community feedback on Devnet, the team was able to make improvements and increase functionality of the platform.

In June, a cohort of 250 community members were invited to join the Aver’s mainnet closed beta. This marked the first time that participants could use the platform with real funds — an enormous milestone.

The core team also received additional feedback throughout the mainnet closed beta period, which allowed the team to improve user experience on the platform.

On July 1st — after 8 months of development, iteration and testing — Aver officially launched a public beta on Solana mainnet, making history as the first truly decentralized sports betting and prediction exchange on Solana.

Over recent months, the number, variety and consistency of markets on offer have been increasing. Excluding major sporting, political, economic or crypto events, the following types of markets are currently available for participants to trade on:

  • Sports
  • Economics and Politics
  • Cryptocurrency and NFTs

This list will continue to expand over the coming months, giving participants a truly wide range of options to trade on.

Here’s what you can expect soon:

  • Software Development Kits (SDKs)
  • Full Platform UI Redesign
  • Several New Platform Features

There’s a lot to be excited about — so what are you waiting for? Head over to Aver Exchange and start trading now!

Have any questions or suggestions? Reach out to the team on Discord, Twitter or Email. We would love to hear from you!

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Aver

The first fully decentralized sports betting and prediction exchange live on ◎ Solana.