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Avalanche ecosystem accelerator raises $18.5M in seed funding
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Avalanche ecosystem accelerator Colony has raised $18.5 million in seed investments to bootstrap the next generation of Avalanche blockchain projects, underscoring heightened demand for the proof-of-stake ecosystem.
The investment round was led by the Avalanche Foundation, an organization overseeing ecosystem development grants, with additional participation from Shima Capital, HashKey, GBV Capital and Bixin Ventures. Members of the Avalanche community also participated in the seed round.
Colony will use the funds to finance early-stage projects building on the Avalanche network and to provide liquidity for decentralized finance, or DeFi, protocols. Colony’s community will also have the opportunity to invest in early-stage projects through
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