Avalanche Foundation allocated $290 million to reward developers
The funds will be directed to projects related to the development of the Avalanche blockchain subnets
09.03.2022 - 09:25
158
1 min
0
What’s new? The Avalanche Foundation has launched Multiverse, a special incentive program for ecosystem developers. A total of $290 million has been allocated to finance promising projects. This was announced by the representatives of the foundation in their blog.
The news on the Avalanche blog on the Medium platform
Who can be rewarded? The Multiverse program is aimed at encouraging developers who can improve the functionality of the subnets of the Avalanche ecosystem. In addition, projects that create new solutions in the field of DeFi, LIFT, and institutional use of blockchain technology can also apply for funding.
The first project to receive a $15 million reward was the game DeFi Kingdoms. Other participants and partners of the program include Aave, Golden Tree Asset Management, Wintermute, Jump Crypto, Valkyrie, and Securitize.
Avalanche is a blockchain ecosystem for launching decentralized applications and deploying smart contracts. The project was created in 2018, and in September 2021 the Avalanche mainnet was launched.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 546
BTC
+0.89%
-
Ethereum
$3 504.49
ETH
+4.15%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.48
XRP
+5.76%
-
Dogecoin
$0.429076
DOGE
+2.1%
-
Cardano
$1.06
ADA
+3.06%
-
Stellar XLM
$0.526108
XLM
-5.89%
-
Polkadot
$8.98
DOT
+3.92%
-
Bitcoin Cash
$526.45
BCH
+4.89%
-
Litecoin
$98.88
LTC
+1.34%