Avalanche raises $250m to fuel L1 upgrade

Avalanche has secured $250 million in a fundraising round led by Dragonfly, ParaFi Capital, and Galaxy Digital. The Avalanche (AVAX) blockchain raised the funds through token sales from over 40 investment ventures to support its ambitious Layer-1 blockchain overhaul, dubbed “Avalanche9000.” The $250 million injection will be used to develop [...]

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