Avalanche has closed a $250 million funding round to support the major Avalanche9000 upgrade, drawing participation from various investment firms.
What is Avalanche9000?
Avalanche9000 is a major network upgrade focused on making the platform more developer-friendly, cost-efficient, and scalable. It promises a 99.9% reduction in blockchain deployment costs and introduces interchain communication along with various scalability features. Key features include seamless interaction between chains within the Avalanche ecosystem and unlocking over $40 million for developers among 500+ blockchains.
DeFi and Gaming Momentum
Avalanche’s Total Value Locked has surged to $1.65 billion, with projects like DeFi Kingdoms and Dexalot bolstering its stature in the DeFi space. In gaming, Avalanche has made strides with 'Off The Grid,' becoming the most downloaded free game on Epic Games.
Institutional Support for Avalanche
Notable institutions are expanding their efforts on Avalanche. Both BlackRock and Franklin Templeton have extended their fund operations to the Avalanche platform, showcasing growing confidence in the blockchain.
Avalanche9000 promises significant improvements, making the platform more attractive for developers and institutional investors.
