The Avalanche Foundation has received $230 million in funding to support the Avalanche ecosystem in exchange for privately put up for sale tokens.
- Investors included Polychain, Three Arrows Capital, R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital, and a group of angel investors and family office, according to the announcement Thursday.
- Declaring to be the fastest smart contract platform, Avalanche, whose foundations were laid in 2018, launched its blockchain in September 2020 after receiving $60 million in funding.
- collected by selling AVAX The $230 million investment will be used to support decentralized finance (DeFi) applications based on the Avalanche ecosystem and more diverse usage areas.
- Emin Gün Sirer, Founder and CEO of Ava Labs, about the funding received, “Avalanche; Despite being years younger than his peers, he managed to embody his promise and potential in real life. There is still tremendous potential to be unlocked at the intersection of corporate and decentralized finance at Avalanche.” said.
- The Avalanche ecosystem currently hosts more than 250 projects, including Tether, SushiSwap, Chainlink, Circle, The Graph.
- Avalanche Foundation, again last month to support decentralized finance work in the Avalanche ecosystem. 180 million dollars announced an incentive program.
The article named Avalanche Ecosystem Received 230 Million Dollars of Funding was prepared by Ömer SAKMAR and published on koinbulteni.com.