with participation from over 40 investors, including Galaxy Digital, Dragonfly, and ParaFi Capital. The primary goal of this fundraising is to strengthen strategic partnerships and fund improvements to the network’s infrastructure, especially in anticipation of the “Avalanche9000” upgrade scheduled for December 16, 2024.
This upgrade will introduce a subscription model for validators, reducing costs from 2000 AVAX (one-time payment) to 1.33 AVAX per month. This aims to make launching blockchains on Avalanche more affordable while also expanding its horizontal scalability, which sets it apart from networks like Ethereum and Solana.
Additionally, Avalanche has attracted attention in the gaming and finance sectors, with projects such as the Off The Grid game and the migration of major funds, including BlackRock, to its network.
