Tag: Avalanche

The Avalanche developers rolled out the “Banff 5″ software upgrade to introduce Avalanche Warp Messaging. The upgrade will let Avalanche subnets easily communicate and share data. Ava Labs has upgraded AvalancheGo – the software implementation of the blockchain in the Go programming language – to “Banff 5.” The new upgrade is crucial for the Avalanche…

According to a TechCrunch report, OpenSea, the largest NFT marketplace, is starting to support Avalanche. The platform will now allow creators to mint, list, and trade NFTs on the Avalanche layer 1 network. Avalanche, which is well-known as a DeFi chain and often mentioned as a challenger to Ethereum, is making its steps in the…

US investment firm KKR & Co. has made its Health Care Strategic Growth Fund available on the Avalanche blockchain. The firm hopes that a tokenized fund will increase accessibility to individual investors. As The Wall Street Journal reported, investment giant KKR, which had $471 billion in assets under management at the end of 2021, is…

Ava Labs, the lead developer of Avalanche (AVAX), is raising a new round of funding for $350 million at a market valuation of $5.25 billion, Bloomberg reported. The raise comes as the total value locked (TVL) on the Avalanche blockchain remains steady at around $14.6 billion. Bloomberg reported the new fundraising on Thursday, citing people…

The Luna Foundation Guard, a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced that it would buy $200 million worth of AVAX tokens from the Avalanche Foundation to augment its UST reserves. This strategic move pushes forward Terra’s cross-chain development and diversification. The Luna Foundation Guard (LFG) and Terraform Labs (TFL), the two…

The Avalanche Foundation has launched a $290 million incentive program called Multiverse to promote its new “Subnet” functionality. The Subnets’ intended utility is to encourage the development of a vibrant ecosystem of “scalable app-specific blockchains.” The foundation wants Web3 builders to develop subnetworks using its technology. The Avalanche Foundation has established a $290 million fund…