Avalanche Foundation announces a $290 million incentive for the ‘Multiverse’ program

    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…