The Avalanche (AVAX) Foundation has announced its new plan to bring more developers to the Avalanche blockchain.
The organization has announced a new $220 million investment fund with contributions from Avalanche Foundation, as well as Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, CMS Holdings and Republic Capital.
https://twitter. com/avalancheavax/status/1455175982265024529
The Avalanche Foundation hopes its new investment program, Blizzard, will attract developers focused on DeFi, enterprise applications and NFTs. With this program, investments can be made in promising projects.
The funding news comes shortly after Avalanche launched its $180 million incentive program, a fund targeting DeFi developers.
In a statement, Avalanche Foundation Director Emin Gün Sirer stated that Avalanche has experienced “incredible growth” in the last two months in terms of users, applications and assets joining the platform.
“Blizzard will play an important role in further accelerating this growth and cementing Avalanche’s position as the first home for projects and industry leaders”
