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AVA Labs was founded by the legendary computer scientist, Emin Gün Sirer. Emin is known for his contributions to peer-to-peer systems. AVA Labs is a blockchain-based platform and ecosystem trying to expand the use cases of blockchain technology beyond just currencies.
One of the first use-cases of AVA is the creation of personalized blockchains. Anyone can launch a chain with AVA and can pick between using an existing network or create a brand new one. Users will have a wide variety of options to customize their chain.
Another real use-case is the tokenization of real assets. This process typically involves issuing a blockchain token (security token) that represents a real and tradable asset that can be almost anything.