• Multichain is a blockchain platform offering customizable features to businesses.
• Recent news suggests that the CEO of Multichain, Zhaojun is in Chinese custody and has caused fear in the market.
• Avorak, a new crypto player offers real-world utility and aims to dominate the market despite the underlying news around Multichain.

What is Multichain?

Multichain is a unique blockchain network that provides a specific solution to businesses targeting the creation of their blockchains. The platform enables users to access customizable features that can tailor blockchain networks according to their specific business needs.

News Surrounding Multichain CEO

Recent news surrounding the project suggests that its CEO, Zhaojun has been taken into Chinese custody which has resulted in halting various cross-chain services offered by the platform. In addition, $1.5 billion worth of smart contract funds have also been confiscated by the Chinese government.

Avorak Will Power Through The Fear

Avorak is an emerging decentralized crypto platform utilizing artificial intelligence (AI) to deliver unique services such as faster and cheaper transactions within its network as well as integration with other digital assets through its cross-chain feature. Furthermore, Avorak Trade allows users to take part in automated trading for emotionless trading experience.

Real World Utility Offered By Avorak

Avorak presents real-world utility that can be vastly applied in various sectors due to its wide range of features and services it offers such as faster transaction speeds and AI trading capabilities. Therefore, this new player will help calm down any fear created by the recent news regarding Multichain’s CEO being taken into custody while still dominating the market with its versatile utility applications.

Conclusion

In conclusion, despite speculation suggesting bad news regarding Multichain’s CEO being taken into Chinese custody, investors are hopeful for the crypto industry as new players like Avorak join in who offer real-world utility through their innovative features and applications which may help power through any fears or worries caused by such situations