If you have visited the Avalanche Summit LATAM homepage, you may have been surprised to see that admission is free for developers in Latin America. It wasn’t a decision made lightly—it’s a purposeful, deliberate way for Avalanche to support and celebrate the unprecedented growth we’re seeing in Web3 applications in the region.

Here’s why it makes sense to invest in Web3 and blockchain developers in Latin America.  

Latin America Is a Web3 Incubator

Latin America holds immense potential for the Web3 ecosystem. The entrepreneurial spirit is strong throughout the region, and sophisticated Latin American developers are building blockchain solutions to help solve issues like inflation and financial instability.  

Making Summit free for these developers removes a small barrier to entry into the Avalanche community, making collaboration and development more accessible.

Argentina Is a Cryptocurrency Hotspot

While Web3 development is growing astronomically throughout Latin America, Argentina is in a class of its own. Last year, Argentina saw $85.4 billion in cryptocurrency transactions, with 60% coming from stablecoins like USDC and USDT. In fact, Argentina is home to 40% of the entire region’s crypto app users.

This massive interest in cryptocurrency is one of many drivers making Argentina’s blockchain industry one of the most mature in the world. Argentina led Latin America in new programmers in 2022, with a 41% increase year over year.  

These programmers are creating a startup-intense development community, giving rise to companies like Decrypto, Koibanx, Lemon and Ripio.

It’s All About the Community

Developers in Latin America are creating globally-scalable solutions already. We want to welcome them into the Avalanche community, add their voices to the conversation and see what we all can learn from each other.  

Ultimately, blockchain is only as strong as the community of developers that builds on it. We’re excited to enrich our community with both new and experienced developers in Latin America and around the world. We can’t wait to see what they—and all the great devs in our community—build. That’s especially true as we launch Avalanche9000, the largest technical upgrade to the platform since its inception. Check out this article to see what makes Avalanche9000 unique.

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About the Avalanche Blockchain Network

Avalanche is a high-performance blockchain platform designed for builders who need to scale. Engineered with a revolutionary three-part Layer 1 (L1) architecture, Avalanche is anchored by its Avalanche Consensus Mechanism, ensuring near-instant finality for transactions. The platform also features an open-source Layer 0 (L0) framework, enabling the seamless creation of interoperable Layer 1 blockchains with high throughput on both public and private networks.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building the next generation of decentralized applications (dApps). With its unique blend of speed, flexibility, and scalability, Avalanche is the preferred choice for innovators pushing the boundaries of blockchain technology.

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