Watr, a blockchain platform designed to bring commodities on-chain, has announced it would be partnering up with Avalanche (AVAX) and migrating to an Avalanche Layer 1 (L1) blockchain, as per the most recent info shared with Finbold on Thursday, April 3. The main goal of the partnership is to digitize commodity trading and financing, including metals, fuel, food, etc. On-chain commodity trading Many sectors of the commodities industry are known for limited liquidity and profitability. Watr seeks to address such issues by integrating decentralized identity, traceability, and smart contracts to create a simplified gateway for bringing commodities closer to Web3
source: https://finbold.com/watr-and-avalanche-partner-up-to-bring-a-20-trillion-commodities-market-to-blockchain/