Avalanche

Avalanche raises $250 million from Galaxy Digital, Dragonfly and ParaFi Capital

December 16, 2024 1 min read

Avalanche, a layer-1 blockchain platform, has raised $250 million from a token sale to support its new upgrade, Avalanche9000. Major investment firms like Galaxy Digital, Dragonfly, and ParaFi Capital led the fundraising effort, joined by more than 40 other firms including SkyBridge, SCB Limited, and Morgan Creek Digital. Avalanche9000 just launched on a testnet, bringing a financial boost that aims to cut transaction costs and improve application deployment efficiency by

AVAX surges by over 16% in the last 48 hours as Avalanche Foundation plans to repurchase 1.97M tokens

October 12, 2024 1 min read

AVAX, the crypto associated with the Avalanche blockchain, has experienced a remarkable 16% increase in value within just 48 hours. This surge follows the announcement that the Avalanche Foundation plans to buy back 1.97 million tokens previously sold to the Luna Foundation Guard (LFG) in April 2022. The deal is awaiting approval from a bankruptcy court. After a minor dip on October 10, AVAX’s price rebounded from a support level

Redefining The Cryptocurrency Market: BlockDAG’s $46.4M Presale Amid Rising Trends In Polkadot And Avalanche 

June 8, 2024 3 mins read

While Polkadot (DOT) experiences sustained upward movements and Avalanche (AVAX) enjoys a rise due to strategic collaborations, BlockDAG has captivated the cryptocurrency sector with its monumental presale success, driven by its visionary Keynote 2 broadcast from the moon. This keynote has not only showcased BlockDAG’s innovative technology but also significantly amplified its market presence. Sustained Growth in Polkadot Amid Favorable Market Conditions Polkadot continues to exhibit strong upward momentum, fueled

Esports Giant TSM Joins Avalanche to Launch Game-Changing Gaming Subnet

March 8, 2023 1 min read

Esports powerhouse TSM is not giving up on the crypto space despite its previous partnership with FTX ending in fallout late last year. TSM has recently announced a new partnership with blockchain Avalanche that will see the organization building their own Avalanche-based subnet, marking an exciting new chapter for TSM. TSM is partnering with Avalanche to create a competitive gaming partnership between the esports organization and their gaming platform subsidiary,