Tag: Avalanche

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…

Jason Pizzino, the crypto strategist and trader, said he’s keeping a close watch on Polkadot (DOT), Avalanche (AVAX), and two more altcoins as the crypto markets continue to flash signs of strength. In a new analytic video for his 200,000 YouTube subscribers, Pizzino said he expects interoperable blockchain Polkadot to continue surging to around $50…