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Avalanche Commits $290M in AVAX Tokens As Part Of Multiverse Initiative

Avalanche Commits $290M in AVAX Tokens As Part Of Multiverse Initiative

The Avalanche Foundation announced a major push to woo top projects with a cache of 4 million AVAX tokens (worth ~$290 million). Specifically, the organization is looking to foster smart-contract blockchain Avalanche’s “subnet” functionality, where application-specific blockchains, be they for Web 3 gaming or decentralized finance, can be spun up at scale.

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