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The AVA platform is a radically efficient, performant, modular, and composable decentralized services platform. It builds an “Internet of Active Assets”. The first goal is to greatly simplify the creation, discovery, and trading of existing and new types of assets, and thus greatly reduce costs associated with deploying capital. In order to reach this goal and serve the complex needs of international markets that span multiple jurisdictions, there needs to be a permissionless platform where clients can create compliant and secure networks for their own specific needs. Thus, AVA implements a universal language, network, and marketplace for the creation, discovery, storage, and swapping of active assets. The AVA platform enables third-party token issuers to interact in one unified platform, which allows them to lower their costs to list and trade, while also benefiting from compounding network effects.
Ripple CEO says that Flare combines the best technological features of Ethereum and Avalance and serves as a smart contract platform for XRP.