in

Avalanche tempting innovators with a $200 million Blizzard fund

Cryptopolitan


TL; DR Breakdown

  • Avalanche (AVA) has announced the launch of a $200 million innovators fund. The fund targets developers looking to use the platform’s chain for their projects.
  • The Blizzard fund is the second of such initiatives that AVA has launched recently. In August, it rolled out the Avalanche Rush fund targeting liquidity provision in decentralized finance (Defi)

Developers pursuing innovations on the Avalanche chain have a reason to smile. This follows the project’s announcement of the launch of its Blizzard fund. 

Blizzard is a $200 million kitty targeting innovations in the Blockchain (BC) sector. Blizzard’s support will take different forms. 

Besides equity financing and token acquisition, it’ll also support tech and business development. 

The fund is made up of contributions from different players. Chief among them is the AVA foundation. Additionally, there are AVA labs and Polychain Capital. There’s also the Three Arrows Capital.