By Elise Hansen (September 16, 2021, 5:03 PM EDT) — Blockchain startup Avalanche stated Thursday it raised $230 million from traders in a non-public providing that can help enterprise and finance purposes utilizing its expertise.
The funds have been raised by way of a non-public token sale that wrapped up in June however was introduced Thursday. The funds will go towards rising numerous purposes of the Avalanche public blockchain, equivalent to decentralized finance, or DeFi, and enterprise purposes, the announcement stated.
Avalanche, which payments itself as a competitor to Ethereum, presents a platform for sensible contracts it calls “blazingly quick, low price and eco-friendly.” The platform launched in September 2020 and now has extra…
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