{"id":361267,"date":"2021-11-02T08:17:40","date_gmt":"2021-11-02T05:17:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/avalanche-creates-200-million-fund-to-lure-top-crypto-devs\/"},"modified":"2021-11-02T08:17:40","modified_gmt":"2021-11-02T05:17:40","slug":"avalanche-creates-200-million-fund-to-lure-top-crypto-devs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/avalanche-creates-200-million-fund-to-lure-top-crypto-devs\/","title":{"rendered":"# Avalanche creates $200 million fund to lure top crypto devs"},"content":{"rendered":"<p>&#8220;<strong># Avalanche creates $200 million fund to lure top crypto devs <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNmVhYzUxMzgtZmQzNC00OWIzLWFjYjEtYTlhYjZhNzA3N2U4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The Avalanche Foundation has unveiled \u201cBlizzard\u201d \u2014 a fund offering more than $200 million in incentives to developers who build on the Avalanche (AVAX) network.<\/p>\n<p>The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications, nonfungible tokens (NFTs), and other products on Avalanche. <\/p>\n<p>Avalanche is a Proof-of-Stake network that launched in September 2020. The network boasts Ethereum Virtual Machine (EVM)-compatibility, allowing developers to port decentralized applications over from Ethereum. The network now boasts more than 320 projects that are currently building on it, including top stablecoin issuer Tether, popular DEX SushiSwap, and oracle providers Chainlink and The Graph.<\/p>\n<p>Per a Nov. 1 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/avalancheavax\/avalanche-foundation-launches-fund-worth-over-200m-dedicated-to-supporting-ecosystem-development-799b34304f0e\">announcement<\/a>, Blizzard\u2019s contributors include the Avalanche Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, and CMS Holdings.<\/p>\n<p>Blizzard will prioritize four key areas of growth across the Avalanche ecosystem \u2014 DeFi, enterprise applications, NFTs, and culture applications. The funds will be used for equity investments, token purchases, partnership efforts, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, and business development.<\/p>\n<p>Builders within the ecosystem will also be offered ongoing support, with Ava Labs president John Wu stating: <\/p>\n<blockquote><p>\u201cBlizzard is entering the Avalanche community at a pivotal moment, where this influx of users and activity demands constant innovation in new applications and use cases on the platform.\u201d<\/p><\/blockquote>\n<p>Avalanche is the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.stakingrewards.com\/\">sixth<\/a>\u00a0largest proof-of-stake network\u00a0with a $14 billion staked capitalization and t 56% of it&#8217;s supply\u00a0 currently staked. <\/p>\n<p>Per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Avalanche\">DefiLlama<\/a>, Avalanche is the 5th-largest network with a total value locked of $8.5 billion, with its TVL having surged by 2,624% from just $312 million in August.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Cointelegraph Consulting: How Avalanche is reimagining DeFi<\/em><\/strong><\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\">CoinGecko<\/a>, AVAX is down roughly 18% from it&#8217;s Sep. 23 all-time high of $79.31, last trading hands for $64.80 at the time of writing.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/avalanche-creates-200-million-fund-to-lure-top-crypto-devs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Avalanche creates $200 million fund to lure top crypto devs &#8221; The Avalanche Foundation has unveiled \u201cBlizzard\u201d \u2014 a fund offering more than $200 million in incentives to developers who build on the Avalanche (AVAX) network. The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFTs),&#8230;<\/p>\n","protected":false},"author":1,"featured_media":361268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNmVhYzUxMzgtZmQzNC00OWIzLWFjYjEtYTlhYjZhNzA3N2U4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74983,74868,75719,95118,74355,117,73821,73711,73785,4965],"class_list":["post-361267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-decentralization","tag-defi","tag-funding","tag-nft","tag-adoption","tag-business","tag-developers","tag-investments","tag-markets","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=361267"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/361268"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=361267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=361267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=361267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}