Avalanche announces $250M locked-token sale
Avalanche secures $250M in a locked-token sale co-led by Galaxy Digital, Dragonfly and ParaFi Capital, with participation from SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective and others.
The capital influx follows the Avalanche9000 testnet launch, a significant milestone leading to the upcoming mainnet upgrade. This upgrade will slash Avalanche Layer 1 blockchain deployment costs by 99.9% and reduce transaction costs on the existing C-Chain by 25 times.
š avax.network/blog/avalanche-momentum-accelerates-as-galaxy-dragonfly-and-parafi-lead-250m-investment-in-support-of-avalanche9000-upgrade
