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Avalanche Foundation secures 250 million USD for innovative blockchain upgrade

Avalanche Foundation’s funding success: Avalanche Foundation successfully secured 250 million USD from over 40 investors, including Galaxy Digital and Dragonfly, highlighting renewed investor confidence in blockchain technologies as the cryptocurrency market begins to recover.

Implementation of Avalanche9000 upgrade: On December 16, Avalanche will launch the “Avalanche9000” upgrade, transitioning validator requirements from 2,000 AVAX to a monthly fee of 1.33 AVAX, substantially lowering costs for new blockchain launchers.

Robust financial positioning: With an estimated 3 billion USD in AVAX tokens, the foundation showcases its strong financial position. This funding supports strategic partnerships aimed at building a well-rounded blockchain ecosystem while emphasizing customization.

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