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Avalanch Raises $250 Million Dollars
💠 Avalanche Raises $250M Amid Major Overhaul of Layer-1 Blockchain
Avalanche, a layer-1 blockchain, has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with participation from over 40 investment firms. This funding follows the launch of the Avalanche9000 upgrade in a testnet environment, which aims to significantly reduce transaction and validator costs—by 99%—to facilitate app development on the network.
#Avalanch
Avalanche, a layer-1 blockchain, has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with participation from over 40 investment firms. This funding follows the launch of the Avalanche9000 upgrade in a testnet environment, which aims to significantly reduce transaction and validator costs—by 99%—to facilitate app development on the network.
#Avalanch