AVAX ecosystem receives $10M in funding from Colony Lab
On November 21st, according to CoinDesk, Avalanche ecosystem developer and accelerator Colony Lab announced that they will invest $10 million to support the long-term development of the network.
The company stated that they have purchased over 500,000 AVAX tokens worth $8 million in the past few months, and these funds will be used to establish a validator program that benefits AVAX holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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