Layer1 Blockchain Aleo to Launch Aleo Virtual Machine on Testnet Next Week

Layer1 blockchain Aleo will launch its third testnet next week, which will feature the Aleo Virtual Machine (AVM). The testnet enables privacy-preserving applications on Aleo for the first time. The team hopes to use the testnet to onboard new Aleo developers ahead of its mainnet launch in the fourth quarter of 2022.