Avalanche Foundation successfully raised $250 million through a locked sale of AVAX tokens. The funds are intended for the Avalanche9,000 network upgrade. Over 40 venture capital firms, such as Galaxy Digital and Dragonfly, participated in the sale, highlighting a strong interest in advancing the decentralized finance ecosystem.

AVAX

The Avalanche Foundation raised $250 million through a locked sale of AVAX tokens for the upcoming Avalanche9,000 network upgrade. Over 40 venture capital firms, including Galaxy Digital and Dragonfly, participated in the sale, aiming to advance the decentralized finance ecosystem.

Avalanche Foundation Raises $250 Million for Network Upgrade