{"id":58622,"date":"2022-03-08T19:54:01","date_gmt":"2022-03-08T17:54:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58622"},"modified":"2025-09-04T17:41:31","modified_gmt":"2025-09-04T14:41:31","slug":"avalanche-foundation-launches-290-million-developer-incentive-program","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/avalanche-foundation-launches-290-million-developer-incentive-program\/","title":{"rendered":"Avalanche Foundation launches $290 million developer incentive program"},"content":{"rendered":"<p>The not-for-profit Avalanche Foundation has launched the Multiverse incentive program worth $290 million (4 million AVAX). The initiative is aimed at developing the ecosystem&#8217;s subnets functionality.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Introducing Avalanche Multiverse, an up to $290M incentive program focused on accelerating the adoption and growth of Subnets. Multiverse is focused on supporting new ecosystems, including blockchain-enabled gaming, DeFi, NFTs and institutional use cases. <a href=\"https:\/\/t.co\/R5euxSV5hx\">https:\/\/t.co\/R5euxSV5hx<\/a> <a href=\"https:\/\/t.co\/PHpET78P6L\">pic.twitter.com\/PHpET78P6L<\/a><\/p>\n<p>\u2014 Avalanche \ud83d\udd3a (@avalancheavax) <a href=\"https:\/\/twitter.com\/avalancheavax\/status\/1501217040752910336?ref_src=twsrc%5Etfw\">March 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Subnets of Avalanche are similar to Ethereum layer-2 solutions and Polkadot parachains, but with fully isolated blockchain states. Any user on the platform can create a subnet.<\/p>\n<p>Subnet creators can include a range of parameters \u2014 running multiple blockchains and setting their own validator requirements, such as mandatory KYC\/AML.<\/p>\n<p>The first project to receive incentives under Multiverse was the blockchain game DeFi Kingdoms. The developers were allocated $15 million.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a>, Avalanche ranks fourth by total value locked (TVL) in smart contracts, at $10.72 billion. The largest TVL project in the ecosystem is the lending protocol Aave ($3.07 billion).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"605\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/tvl-1-1024x605.png\" alt=\"Avalanche Foundation \u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b\u0430 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u043c\u0443 \u043f\u043e\u043e\u0449\u0440\u0435\u043d\u0438\u044f \u0440\u0430\u0437\u0440\u0430\u0431\u043e\u0442\u0447\u0438\u043a\u043e\u0432 \u043d\u0430 $290 \u043c\u043b\u043d\" class=\"wp-image-167228\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/tvl-1-1024x605.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/tvl-1-300x177.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/tvl-1-768x454.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/tvl-1.png 1386w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Source: DeFi Llama.<\/figcaption><\/figure>\n<p>In August 2021, the Avalanche Foundation <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-launches-a-180-million-fund-to-develop-defi-projects\">created a $180 million fund<\/a> to attract DeFi applications and assets into the network. Since then the ecosystem&#8217;s TVL has increased more than thirtyfold.<\/p>\n<p>In November, the organisation <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-foundation-launches-200-million-development-fund\">announced the launch of a fund of more than $200 million<\/a> to accelerate development, growth and support for innovations in Avalanche.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The not-for-profit Avalanche Foundation has launched the Multiverse incentive program worth $290 million (4 million AVAX). The initiative aims to develop the ecosystem&#8217;s subnets functionality.<\/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],"class_list":["post-58622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58622","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=58622"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58622\/revisions"}],"predecessor-version":[{"id":58623,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58622\/revisions\/58623"}],"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=58622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}