According to The Block’s report Avalanche His foundation has created a $50 million incentive program to purchase assets tokenized on the Avalanche blockchain.
“Avalanche Vista” The $50 million incentive program, called equity, will value all assets, including loans, real estate and commodities.
John Wu, president of Ava Labs, said in a statement on the subject:
“Asset tokenization is a critical driver of today, not just the future of capital markets.
The momentum in institutions building on the chain has been staggering, and Avalanche Foundations is taking a big step forward with this initiative.
“The $50 million acquisition program reflects the Avalanche Foundation’s commitment to advancing a more accessible, efficient and cost-effective financial system through the use of Avalanche’s new consensus mechanism, unique Subnet architecture, and technical innovation.”
News AVAX‘s price increased by 3%, but this increase was not permanent. AVAX is trading at $13.25 at the time of writing.
*Not investment advice.
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