Galaxy

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Avalanche

<p><strong>Key Points:</strong></p>   
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 <li><em>The Avalanche Foundation secured $250 million from investors like Galaxy Digital and Dragonfly to foster strategic partnerships.</em></li>   
 <li><em>Avalanche will launch "Avalanche9000" on December 16, introducing a subscription-based model for validators to reduce blockchain setup costs.</em></li> 
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<h5 class="wp-block-heading">According to <em><a href="https://www.forbes.com/sites/digital-assets/2024/12/12/despite-being-flush-avalanche-raises-250-million-from-galaxy-and-others/">Forbes</a></em>, the Avalanche Foundation has raised $250 million through a private token sale to indicate renewed investor confidence in blockchain ventures as the crypto market starts to regain its feet.</h5>   
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<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noreferrer noopener"></a><a href="https://coincu.com/295287-new-sec-chair-appointed-by-donald-trump/"></a><a href="https://coincu.com/294996-bitcoin-miner-mara-expands-mining/"></a><a href="https://coincu.com/259626-bouncebit-review-binance-megadrop-btc-restaking/"></a><a href="https://coincu.com/292777-goldman-sachs-digital-asset-platform/"></a><a href="https://coincu.com/288922-microsoft-rejects-bitcoin-investment-proposal/"></a><a href="https://coincu.com/219215-balancer-reported-social-engineering-attack/"></a><a href="https://coincu.com/294304-coinbase-usdc-earn-program-stops/"></a><a href="https://coincu.com/281635-nvidia-stock-decline-shows-bitcoin-stable/"></a><a href="https://coincu.com/290406-crypto-pac-fairshake-continues-to-boost/"></a><a href="https://coincu.com/290763-avalanche-foundation-completes-acquisition-lfg/"></a><a href="https://coincu.com/wp-admin/post.php?post=290763&amp;action=edit">Avalanche Foundation Completes Acquisition of 1.97M AVAX From LFG</a></p>   
<h2 class="wp-block-heading" id="avalanche-foundation-raises-250m-to-power-blockchain-partnerships">Avalanche Foundation Raises $250M to Power Blockchain Partnerships</h2>   
<p>Led by <a href="https://coincu.com/252198-galaxy-digital-financial-results/" target="_blank" rel="noreferrer noopener">Galaxy Digital</a>, <a href="https://coincu.com/182535-dragonfly-capital-review/" target="_blank" rel="noreferrer noopener">Dragonfly</a>, and <a href="https://coincu.com/282625-parafi-capital-tokenization-launches-on-avax/" target="_blank" rel="noreferrer noopener">ParaFi Capital</a>, more than 40 companies, including SkyBridge and Morgan Creek Digital, participated in the funding round.</p>   
<p>Despite the large injection of capital, Avalanche says it wasn't a funding round. Forbes estimates that the Avalanche Foundation treasury contains approximately $3 billion worth of AVAX tokens. "The primary goal was to get alignment and incentivize the right kinds of partners to build with," says Avalanche cofounder Emin Gün Sirer.</p>   
<p>This is not the first big fundraising for <a href="https://coincu.com/284650-avalanche-grant-program-launched/" target="_blank" rel="noreferrer noopener">Avalanche</a>. During the 2021 crypto bull run, the foundation raised $230 million in a similar token sale.</p>   
<h2 class="wp-block-heading" id="institutional-funds-flock-to-avalanche-for-tokenized-finance">Institutional Funds Flock to Avalanche for Tokenized Finance</h2>   
<p>The funds come as Avalanche prepares to launch "Avalanche9000," its most ambitious upgrade, on December 16. The update aims to reduce the cost of launching blockchains in its ecosystem.</p>   
<p>The current need for 2000 AVAX to set a node will change to a subscription-based one, in which validators will be charged at a monthly rate of 1.33 AVAX. Upgrading the effort further speaks to Avalanche's vision for multi-chains, which emphasizes customized features over the all-in-one model.</p>   
<p>Avalanche isn't just about infrastructural enhancements. BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), currently the largest tokenized fund worldwide with a market cap of $561.5 million, is a product of Avalanche and Franklin Templeton's OnChain U.S. Government Money Market Fund. In addition, ParaFi Capital tokenized part of its venture fund on Avalanche blockchain in September.</p>   
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Avalanche Foundation Completed $250 Million Private Funding

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