{"id":3378,"date":"2022-03-17T17:30:00","date_gmt":"2022-03-17T17:30:00","guid":{"rendered":"https:\/\/www.itgesports.com\/uncategorized\/avalanche-commits-290m-in-avax-tokens-as-part-of-multiverse-initiative\/"},"modified":"2022-04-26T17:28:12","modified_gmt":"2022-04-26T17:28:12","slug":"avalanche-commits-290m-in-avax-tokens-as-part-of-multiverse-initiative","status":"publish","type":"post","link":"https:\/\/www.itgesports.com\/uncategorized\/avalanche-commits-290m-in-avax-tokens-as-part-of-multiverse-initiative\/","title":{"rendered":"Avalanche Commits $290M in AVAX Tokens As Part Of Multiverse Initiative"},"content":{"rendered":"
The Avalanche Foundation announced a major push to woo top projects with a cache of 4 million AVAX tokens (worth ~$290 million). Specifically, the organization is looking to foster smart-contract blockchain Avalanche\u2019s \u201csubnet\u201d functionality, where application-specific blockchains, be they for\u00a0Web 3\u00a0gaming or decentralized finance, can be spun up at scale.<\/p>\n