While the crypto world continues to navigate the fallout from the collapse of FTX, Ava Labs says it dodged the bullet.

"We had very little exposure, and we're grateful for it," Ava Labs founder and CEO Emin Gün Sirer told Decrypt.

Launched in 2018, Ava Labs is the company behind the Avalanche Network. Ava Labs built the Avalanche blockchain on the promise of extreme scaling capabilities and fast confirmation times.