Optimism surrounds AVAX price as Republic embraces introduction of Avalanche blockchain

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Technology company Republic recently announced a partnership with Avalanche to democratize the launch of its profit-sharing digital asset, R/note. R/Note is a revenue-sharing digital security backed by Republic's private equity portfolio of more than 750 assets.

The partnership between Republic and Avalanche was forged based on several important factors. First, Avalanche's scalability and speed enable seamless and low-cost transactions for Republic Note holders. Second, Avalanche has established partnerships with prestigious brands such as Amazon Web Services and Mastercard, which is a testament to its technical capabilities. Additionally, Republic plans to launch a dedicated subnet on Avalanche, designed specifically for Republic Note, to improve security, privacy and regulatory compliance.

The mission of the collaboration between Republic and Ava Labs, the team behind Avalanche, is to promote a more inclusive future for financial markets through tokenization. Avalanche also stands out for its environmental friendliness, as it consumes much less energy than other blockchains.

The Republic Notes pre-sale has already attracted large participation from private investors, leading to pre-sales of over US$30 million. The public listing of Republic Notes is scheduled for December.

The partnership between Republic and Ava Labs also has a positive outlook for AVAX price. Although AVAX recorded a decline in the last 24 hours, the price increased by 130% in the last 30 days and positioned itself as one of the best performers in the sector. The partnership with Republic provides a solid foundation to expand AVAX's reach to a global investor audience.

It should be noted, however, that AVAX has recently undergone a correction and its ability to break through important resistance levels will be instrumental in determining its future prospects. The imminent launch of the Republic Note on Avalanche Mainnet is an important step in making the asset available to presale participants.

The collaboration between Republic and Ava Labs highlights their shared vision to democratize access to private markets through tokenization and create an inclusive financial market for the future. The partners are optimistic that this collaboration will strengthen the price of AVAX and amplify the positive trend of the last 30 days, which could eventually propel AVAX to new annual highs in 2023.