{"id":52138,"date":"2021-11-01T18:25:51","date_gmt":"2021-11-01T16:25:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52138"},"modified":"2025-09-03T08:44:45","modified_gmt":"2025-09-03T05:44:45","slug":"avalanche-foundation-launches-200-million-development-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/avalanche-foundation-launches-200-million-development-fund\/","title":{"rendered":"Avalanche Foundation launches $200 million development fund"},"content":{"rendered":"<p>The Avalanche Foundation, a non-profit organization, announced the launch of a development fund of more than $200 million to accelerate development, growth, and support for innovation in the Avalanche public blockchain ecosystem.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Avalanche Foundation has launched Blizzard, a $200M+ fund dedicated to accelerating development, growth, and innovation across the <a href=\"https:\/\/twitter.com\/hashtag\/Avalanche?src=hash&#038;ref_src=twsrc%5Etfw\">#Avalanche<\/a> ecosystem.<\/p>\n<p>Check out the full details below \u2b07\ufe0f<a href=\"https:\/\/t.co\/AR25D8E2lL\">https:\/\/t.co\/AR25D8E2lL<\/a><\/p>\n<p>\u2014 Avalanche\ud83d\udd3a (@avax) <a href=\"https:\/\/twitter.com\/avax\/status\/1455175982265024529?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The Blizzard fund was assembled by contributions from the Avalanche Foundation, Ava Labs&#8217; incubator, and venture firms Polychain Capital, Three Arrows Capital, Dragonfly Capital, CMS Holdings, and others.<\/p>\n<p>The initiative focuses on four core areas: <span data-descr=\"Decentralized finance\" class=\"old_tooltip\">DeFi<\/span>, enterprise applications, <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span>, and the cultural sector.<\/p>\n<p>In Blizzard, they did not rule out supporting other avenues for ecosystem development, including the issuance of security tokens, attracting liquidity providers, and digital identity.<\/p>\n<p>Support for projects includes equity investments, participation in token sales, investments in technology, business development, and integration into the ecosystem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe Avalanche community has shown tremendous growth in the past two months \u2014 users, resources and applications have joined at record pace. Blizzard will play a key role in accelerating this process further,\u201d said Emin G\u00fcn Sirer, CEO of the Avalanche Foundation.<\/p>\n<\/blockquote>\n<p>In August, the organization <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-launches-a-180-million-fund-to-develop-defi-projects\">launched a $180 million fund<\/a> to bring DeFi projects into the network.<\/p>\n<p>In September, the Avalanche Foundation <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-foundation-attracted-230-million-in-a-private-token-sale\">raised $230 million<\/a> through a private token sale.<\/p>\n<p>Earlier, <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-mainnet-goes-live\">the launch of the project&#8217;s mainnet<\/a> occurred in September 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Avalanche Foundation, a nonprofit organization, announced the launch of a development fund of more than $200 million to accelerate development, growth, and support for innovation in the Avalanche public blockchain ecosystem.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1413,1133],"class_list":["post-52138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=52138"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52138\/revisions"}],"predecessor-version":[{"id":52139,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52138\/revisions\/52139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}