Avalanche Developers and Investors Form $200M ‘Blizzard’ Investment Fund

Posted on by American Coins & Gold

Avalanche Developers and Investors Form 0M ‘Blizzard’ Investment Fund
The Avalanche ecosystem is getting yet another injection of liquidity with the launch of Blizzard, an AVAX-focused venture capital and incubation fund.Blizzard is kicking off with an initial seed investment of $200 million, including participation from the Avalanche Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital and CMS Holdings, among others. AVAX is the native asset of the Avalanche blockchain.The new fund comes on the heels of a separate pair of big-budget investment programs, including a $230 million fund primarily devoted to providing liquidity, as well as Avalanche Rush, a $180 million liquidity mining incentive fund.Read more: Can…