Avalanche Foundation announces $220 Million Investment Fund

Avalanche will attract the attention of big companies. Avalanche Foundation Launches $220 Million Investment Fund. The funds will be used to invest in the protocol’s capabilities for DeFi, NFTs and enterprise applications. Avalanche is the latest Tier 1 smart contract protocol to announce it’s deepening its pockets. The new funds will go towards developing various capabilities of the protocol, including DeFi, enterprise applications and NFTs.

Blizzard’s funds will be allocated to the goal of accelerated development, innovation and growth of the protocol. More specifically, its focus is on DeFi, enterprise applications, NFTs, and “other emerging use cases such as security token issuances, liquidity providers, and self-sovereign identity.”

Read More Source: cryptobriefing.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.