Avalanche Launches $220m ‘Blizzard’ Fund, Set To Boost DeFi & NFTs
The Avalanche Foundation, the principal organization behind the development of the Avalanche blockchain, has launched a new $220 million fund aimed at supporting the growth of decentralized finance, enterprise apps, NFTs, and culture applications.
The fund has been named ‘Blizzard’ and is created to support emerging use cases such as security token issuances, liquidity providers, and self-sovereign identity. According to the Avalanche Foundation, several distinguished venture capital firms have pooled together to contribute to the fund, among them are Ava Labs, Polychain Capital, Three Arrows Capital and Dragonfly Capital.
The Avalanche Foundation, the principal organization behind the development of the Avalanche blockchain, has launched a new $220 million fund aimed at supporting the growth of decentralized finance, enterprise apps, NFTs, and culture applications.
The fund has been named ‘Blizzard’ and is created to support emerging use cases such as security token issuances, liquidity providers, and self-sovereign identity. According to the Avalanche Foundation, several distinguished venture capital firms have pooled together to contribute to the fund, among them are Ava Labs, Polychain Capital, Three Arrows Capital and Dragonfly Capital.
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