{"id":144655,"date":"2024-12-13T08:00:51","date_gmt":"2024-12-13T06:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144655"},"modified":"2024-12-12T17:57:21","modified_gmt":"2024-12-12T15:57:21","slug":"avalanche-secures-250m-funding-ahead-of-game-changing-blockchain-upgrade","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/avalanche-secures-250m-funding-ahead-of-game-changing-blockchain-upgrade\/","title":{"rendered":"Avalanche Secures $250M Funding Ahead of Game-Changing Blockchain Upgrade"},"content":{"rendered":"<p>Major players such as Galaxy Digital, Dragonfly, and ParaFi Capital <strong><a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/12\/12\/despite-being-flush-avalanche-raises-250-million-from-galaxy-and-others\/\" rel=\"nofollow\">led the round<\/a><\/strong>, joined by over 40 additional backers, including SkyBridge and Morgan Creek Digital. This funding follows Avalanche\u2019s previous $230 million raise in 2021 and positions the platform for significant growth.<\/p>\n<p>The foundation\u2019s co-founder, Emin G\u00fcn Sirer, emphasized the goal of aligning with strategic partners to drive innovation on Avalanche\u2019s network. Currently, the platform\u2019s treasury holds approximately $3 billion in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/avalanche\/\">AVAX<\/a><\/strong> tokens, underscoring its robust financial position.<\/p>\n<p>This funding announcement comes as Avalanche prepares for its transformative \u201cAvalanche9000\u201d upgrade, slated for December 16. The update will reduce the costs of launching blockchains on its network by replacing an upfront fee of 2,000 AVAX with a monthly subscription of 1.33 AVAX, making it more accessible to developers.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-144653\" href=\"https:\/\/cryptodnes.bg\/en\/trump-pledges-crypto-leadership-for-the-u-s-amid-bitcoins-100k-surge\/\" title=\"Trump Pledges Crypto Leadership for the U.S. Amid Bitcoin&#8217;s $100K Surge\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/AP_19201004713022-1000x667-1-e1681988759576-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Trump Pledges Crypto Leadership for the U.S. Amid Bitcoin&#8217;s $100K Surge<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>G\u00fcn Sirer highlighted Avalanche\u2019s unique approach to scaling through a multi-chain architecture, contrasting it with competitors like Ethereum and Solana. This strategy has helped the platform make significant inroads in gaming and finance. For instance, \u201cOff The Grid,\u201d a battle royale game built on Avalanche, recently became the most downloaded free title on the Epic Games Store.<\/p>\n<p>Institutional interest is also on the rise. BlackRock\u2019s USD Institutional Digital Liquidity Fund and Franklin Templeton\u2019s OnChain US Government Money Market Fund have expanded their operations to Avalanche, further boosting its ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Avalanche Foundation has secured $250 million in funding, marking one of the largest crypto investments since the market downturn of 2022.<\/p>\n","protected":false},"author":9,"featured_media":2076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[419,261,271,76,266],"coin_category":[],"class_list":["post-144655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-avalanche","tag-blackrock","tag-ethereum","tag-scaling","tag-solana"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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