On November 21, CoinDesk reported that Avalanche ecosystem developer and accelerator Colony Lab said it would invest $10 million to support the long-term development of the network. The company said it has purchased more than 500,000 AVAX tokens worth $8 million in the past few months, and the funds will be used to establish a validator program that benefits AVAX holders.
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AVAX Ecosystem Receives $10 Million in Funding from Colony Lab
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