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Avalanche creates $200 million fund to lure top crypto devs
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cointelegraph.comThe Avalanche Foundation has unveiled “Blizzard” — 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), and other products on Avalanche.
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.
Per a Nov.
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