AVAX nees to create a partnership with the firm like polychain capital to be able to attract such huge funds to invest in the ecosystem. I know that how hard for the blockchain organization that can be considered as a non profit organization like this to survive without any revenue from the market.
Talking about the big investment like that and it can be done only by the financial institutions that have large funds. We can take a look back at how solana able to raise hundreds of dollars by partnering with the firm to raise it.
Topic: Avalanche - $350 million Finance at $5 billion. (Read 147 times)
IMO, I believe it's highly possible but to be honest, it's hard to raise that amount $350 million is a big money, that's why it needs time to do it. unless there is a big group of investors to join hands for that purpose, will as I always said in crypto everything is possible and who knows it can achieve by a surprise so let us give Avalance a benefit of the doubt because Avalance is already a developed ecosystem so it can drive some interest from the crypto community.
Personally, I don't see a difference between Avalanche, BSC, Solana, and XRP or any centralized database system, they promise users fast transactions and low fees because they are centralized networks but it's hard for them to process things like DDOS[1][2] that will appear soon.
I also don't see any difference between the central networks that work on the blockchain and any central database, they all have one point of failure and therefore you should trust the developer team.
So look at this funding as something that will be used to make the network work for the moment and pump the price when the time is right and then we will see the price crash and the death of the network in the long run.
[1] Avalanche: Do we have DDOS attacks to attack a DUT
[2] A Highly-Sophisticated DDoS Attack Derailed Token Sale
I also don't see any difference between the central networks that work on the blockchain and any central database, they all have one point of failure and therefore you should trust the developer team.
So look at this funding as something that will be used to make the network work for the moment and pump the price when the time is right and then we will see the price crash and the death of the network in the long run.
[1] Avalanche: Do we have DDOS attacks to attack a DUT
[2] A Highly-Sophisticated DDoS Attack Derailed Token Sale
Hello @OP
You still have not corrected your mistake, can you please correct it?
Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
AVAX is a coin, Sir!
Please can you correct it, Sir.
You still have not corrected your mistake, can you please correct it?
AVAX which is token for the project is already valued at $21.50 billion.
Yor claim is wrong, AVAX is not a token, it's a coin. Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
AVAX is a coin, Sir!
Please can you correct it, Sir.
Unlike binance that can funding its ownchain without needed an investment from another parties like venture capitals, whales or whatever they called it. It seems like the funds that raised from doing the sale to token didn't enough to cover all of development cost. I know that this will happen for sure as avax didn't get enough funding as it was only getting small funding from the ICO but the performance of coin can be called as the best performance as it was giving very big ROI for the token sale participants.
Sir emin looking for another new investors to come and that's institutional investors that can provide such amounts of investment.
Sir emin looking for another new investors to come and that's institutional investors that can provide such amounts of investment.
Well exact price cannot be predicted but it does have really great potential to make every one rich. There platform is growing, yeah, instead of all the development, it become risky if platform is not managed correctly like hacking ok 600 million dollars, like you said more than 100 apps are working due to avax, so there become more loop holes
Since the token allocation for the team is still closed and im thinking that if this blockchain is starting lack of fund to do further development progress. This is almost the same like litecoin that was also facing the same thing. This is the bad thing from the non profit organization like this as this organization is rarely making profit from the market unlike those exchange sites services which were always making more and more revenue from the market to be used for further development progress.
I would not be surprised to see this happens.
I would not be surprised to see this happens.
Interesting news coming up from the Avalanche founder Emin Gun Sirer who is professor at Cornell University.
"Professor at cornell unviersity."It is extremely common for university professors to have connections to banks and big tech corporations. I would expect avalanche's long term roadmap to resemble ethereums on the basis of ETH policy being influenced by its partnerships with microsoft and JP morgan.
Yes, I am also very impressed with "professor" annotation because the number is always growing. There is one deep routed fact here, Universities easily get fundings to research new tech or they can have donations all the time. Its get even easier with PhD students working on the fellowship to help them. The major factors are easily taken care of - "investment & resources"
The high speed low transaction fee market appears to be hotly contested at the moment. Similar to the stablecoin market blowing up after news of tether destroying 500 million coins of its own supply hit.
To be bit the current requirement of lightening speed transactions that is prime factor taken into consideration of roadmap. Tether had to do that dump to recover its over-supply. Since emission is unlimited, they are also in fear of inflation all the time.
Financial markets in 2022 are often plagued with politics and conflicts of interest. My personal preference is independent development by Satoshi Nakamoto over start ups with ties to university professors, big tech and banks.
Possible there are many more uni's are already working on such projects.
Interesting news coming up from the Avalanche founder Emin Gun Sirer who is professor at Cornell University.
"Professor at cornell unviersity."
It is extremely common for university professors to have connections to banks and big tech corporations. I would expect avalanche's long term roadmap to resemble ethereums on the basis of ETH policy being influenced by its partnerships with microsoft and JP morgan.
The high speed low transaction fee market appears to be hotly contested at the moment. Similar to the stablecoin market blowing up after news of tether destroying 500 million coins of its own supply hit.
Financial markets in 2022 are often plagued with politics and conflicts of interest. My personal preference is independent development by Satoshi Nakamoto over start ups with ties to university professors, big tech and banks.
Hello, Sir!
I like your article and Avalanche is very promising but your following claim is not true:
Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
I like your article and Avalanche is very promising but your following claim is not true:
AVAX which is token for the project is already valued at $21.50 billion.
Yor claim is wrong, AVAX is not a token, it's a coin. Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
Thanks for the heads up however, it was just picked up from the article.
But can you please correct it in your post, Sir?
Because AVAX is a coin.
AVAX which is token for the project is already valued at $21.50 billion.
Can you please correct it, Sir? AVAX is a coin.
Interesting. I thought if this news is being floated around it means they do have some good fan base. Unfortunate to see that project is not at all famous on the forum which is the almost amongst the first place where we discuss these things.
Its not like they have not raised any sort of money. As the article stated they already had 5-6 million USD in the earlier days of the project. However, I get it, many ICO's already doing this and its not big deal if the marketing is done right.
Thanks for the heads up however, it was just picked up from the article.
Yes on technical side that is also true. However, the question is why would they claim they are faster than Solana and ETH one? Will it matter if the blockchain size keeps growing bigger because if that benefits us with speed and fees then why worry about it. It's gonna take the virtual space anyways. Hope to know more about it, how it helps.
Its not like they have not raised any sort of money. As the article stated they already had 5-6 million USD in the earlier days of the project. However, I get it, many ICO's already doing this and its not big deal if the marketing is done right.
Hello, Sir!
I like your article and Avalanche is very promising but your following claim is not true:
Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
I like your article and Avalanche is very promising but your following claim is not true:
AVAX which is token for the project is already valued at $21.50 billion.
Yor claim is wrong, AVAX is not a token, it's a coin. Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
Thanks for the heads up however, it was just picked up from the article.
Unlike Ethereum & Solana model, Avalanche is trying to be best by offering higher speeds of transaction and lower fees.
Lol what? Literally almost every other alternative layer-1 platform(Solana, Terra, Cosmos, Near, BNB chain, etc) are trying to compete by speed and low fees. Only Ethereum and a few others are trying their best to keep the blockchain size small(hence slower and more expensive).Yes on technical side that is also true. However, the question is why would they claim they are faster than Solana and ETH one? Will it matter if the blockchain size keeps growing bigger because if that benefits us with speed and fees then why worry about it. It's gonna take the virtual space anyways. Hope to know more about it, how it helps.
I've never heard anything about this project.
This article seems like shilling about how wonderful and promising this project actually is.I usually don't trust such articles.The AVAX coin valuation at 21 billion USD seems pretty overrated,but I'm not surprised,since most newly launching tech platforms are pretty much overrated.This is more hype,rather than actual value.
Almost 250 active apps running over the Avalanche blockchain?Sounds impressive,but can anyone verify that this information is truthful?Can anyone provide a list of all the apps,that are running on the Avalanche blockchain?
This article seems like shilling about how wonderful and promising this project actually is.I usually don't trust such articles.The AVAX coin valuation at 21 billion USD seems pretty overrated,but I'm not surprised,since most newly launching tech platforms are pretty much overrated.This is more hype,rather than actual value.
Almost 250 active apps running over the Avalanche blockchain?Sounds impressive,but can anyone verify that this information is truthful?Can anyone provide a list of all the apps,that are running on the Avalanche blockchain?
judging from the development of blockchain technology and the many innovations in the crypto market,,,, it seems that Avalanche will find it difficult to get $350 million in financing ... but if the funding is only a few million dollars, it is possible
Interesting news coming up from the Avalanche founder Emin Gun Sirer who is professor at Cornell University. With the increase in applications of Avalanche after famous poly chain and Solana, the project seek huge amount of finance being valued at $5 billion USD. The demand came in after careful analysis of increasing use case, such as 250 different apps are running on Avalanche. These include decentralised financial streams and Gaming apps.
Unlike Ethereum & Solana model, Avalanche is trying to be best by offering higher speeds of transaction and lower fees.
AVAX which is token for the project is already valued at $21.50 billion.
This alone tells the story of Avalanche and its excellent roadmap. The fundings seems easy to come by for this project. Avalanche has around 170 employees and already had raise of $6 million when they first started up.
Do you think Avalanche is to get $350 million considering its current development?
I have joined the fast project of avalanche Blod point but its not good. so their chain will face very good challenges in the future. Unlike Ethereum & Solana model, Avalanche is trying to be best by offering higher speeds of transaction and lower fees.
AVAX which is token for the project is already valued at $21.50 billion.
This alone tells the story of Avalanche and its excellent roadmap. The fundings seems easy to come by for this project. Avalanche has around 170 employees and already had raise of $6 million when they first started up.
Do you think Avalanche is to get $350 million considering its current development?
Quote
Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a new round of funding, according to people familiar with the discussions. Its new valuation would make it one of world’s most highly valued crypto startups.
The company, founded and helmed by Cornell University professor Emin Gun Sirer, is raising $350 million at a $5.25 billion valuation, said one of the people, who spoke on condition of anonymity because the round hasn’t been made public.
Avalanche is attempting to compete with the likes of Ethereum and Solana by offering high speeds and low transaction fees for applications ranging from trading and lending to games. It has been gaining traction with users and developers, who flocked to the Avalanche Summit in Barcelona in March. Almost 250 active apps are running on Avalanche, many of them in decentralized finance or gaming, according to tracker DappRadar. The related AVAX token has a $21.5 billion market cap and its price is up about 19% over the past month, according to CoinMarketCap.com.
Ava Labs is raising money even as crypto markets remain choppy, with Bitcoin well down from its November all-time high amid worries over Fed tightening, inflation and Russia’s invasion of Ukraine.
Last year, Polychain Capital and Three Arrows Capital led a $230 million round in the Avalanche public blockchain ecosystem via a token sale that benefited the Avalanche Foundation. In 2020, Ava Labs raised $12 million for the project through a private token sale led by Bitmain, Galaxy Digital and others.
Founded in 2018, Ava Labs also raised a $6 million round in 2019, from investors including Andreessen Horowitz and Polychain. The company has 170 employees, according to PitchBook.
Representatives for Ava Labs didn’t immediately respond to requests for comment.
Source: Bloomberg NewsThe company, founded and helmed by Cornell University professor Emin Gun Sirer, is raising $350 million at a $5.25 billion valuation, said one of the people, who spoke on condition of anonymity because the round hasn’t been made public.
Avalanche is attempting to compete with the likes of Ethereum and Solana by offering high speeds and low transaction fees for applications ranging from trading and lending to games. It has been gaining traction with users and developers, who flocked to the Avalanche Summit in Barcelona in March. Almost 250 active apps are running on Avalanche, many of them in decentralized finance or gaming, according to tracker DappRadar. The related AVAX token has a $21.5 billion market cap and its price is up about 19% over the past month, according to CoinMarketCap.com.
Ava Labs is raising money even as crypto markets remain choppy, with Bitcoin well down from its November all-time high amid worries over Fed tightening, inflation and Russia’s invasion of Ukraine.
Last year, Polychain Capital and Three Arrows Capital led a $230 million round in the Avalanche public blockchain ecosystem via a token sale that benefited the Avalanche Foundation. In 2020, Ava Labs raised $12 million for the project through a private token sale led by Bitmain, Galaxy Digital and others.
Founded in 2018, Ava Labs also raised a $6 million round in 2019, from investors including Andreessen Horowitz and Polychain. The company has 170 employees, according to PitchBook.
Representatives for Ava Labs didn’t immediately respond to requests for comment.
Unlike Ethereum & Solana model, Avalanche is trying to be best by offering higher speeds of transaction and lower fees.
Lol what? Literally almost every other alternative layer-1 platform(Solana, Terra, Cosmos, Near, BNB chain, etc) are trying to compete by speed and low fees. Only Ethereum and a few others are trying their best to keep the blockchain size small(hence slower and more expensive).
Hello, Sir!
I like your article and Avalanche is very promising but your following claim is not true:
Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
I like your article and Avalanche is very promising but your following claim is not true:
AVAX which is token for the project is already valued at $21.50 billion.
Yor claim is wrong, AVAX is not a token, it's a coin. Avalanche is not running on Ethereum platform, it's an own Blockchain. Can you please correct it, Sir?
AVAX is a coin.
Interesting news coming up from the Avalanche founder Emin Gun Sirer who is professor at Cornell University. With the increase in applications of Avalanche after famous poly chain and Solana, the project seek huge amount of finance being valued at $5 billion USD. The demand came in after careful analysis of increasing use case, such as 250 different apps are running on Avalanche. These include decentralised financial streams and Gaming apps.
Unlike Ethereum & Solana model, Avalanche is trying to be best by offering higher speeds of transaction and lower fees.
AVAX which is token for the project is already valued at $21.50 billion.
This alone tells the story of Avalanche and its excellent roadmap. The fundings seems easy to come by for this project. Avalanche has around 170 employees and already had raise of $6 million when they first started up.
Do you think Avalanche is to get $350 million considering its current development?
Unlike Ethereum & Solana model, Avalanche is trying to be best by offering higher speeds of transaction and lower fees.
AVAX which is token for the project is already valued at $21.50 billion.
This alone tells the story of Avalanche and its excellent roadmap. The fundings seems easy to come by for this project. Avalanche has around 170 employees and already had raise of $6 million when they first started up.
Do you think Avalanche is to get $350 million considering its current development?
Quote
Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a new round of funding, according to people familiar with the discussions. Its new valuation would make it one of world’s most highly valued crypto startups.
The company, founded and helmed by Cornell University professor Emin Gun Sirer, is raising $350 million at a $5.25 billion valuation, said one of the people, who spoke on condition of anonymity because the round hasn’t been made public.
Avalanche is attempting to compete with the likes of Ethereum and Solana by offering high speeds and low transaction fees for applications ranging from trading and lending to games. It has been gaining traction with users and developers, who flocked to the Avalanche Summit in Barcelona in March. Almost 250 active apps are running on Avalanche, many of them in decentralized finance or gaming, according to tracker DappRadar. The related AVAX token has a $21.5 billion market cap and its price is up about 19% over the past month, according to CoinMarketCap.com.
Ava Labs is raising money even as crypto markets remain choppy, with Bitcoin well down from its November all-time high amid worries over Fed tightening, inflation and Russia’s invasion of Ukraine.
Last year, Polychain Capital and Three Arrows Capital led a $230 million round in the Avalanche public blockchain ecosystem via a token sale that benefited the Avalanche Foundation. In 2020, Ava Labs raised $12 million for the project through a private token sale led by Bitmain, Galaxy Digital and others.
Founded in 2018, Ava Labs also raised a $6 million round in 2019, from investors including Andreessen Horowitz and Polychain. The company has 170 employees, according to PitchBook.
Representatives for Ava Labs didn’t immediately respond to requests for comment.
Source: Bloomberg News The company, founded and helmed by Cornell University professor Emin Gun Sirer, is raising $350 million at a $5.25 billion valuation, said one of the people, who spoke on condition of anonymity because the round hasn’t been made public.
Avalanche is attempting to compete with the likes of Ethereum and Solana by offering high speeds and low transaction fees for applications ranging from trading and lending to games. It has been gaining traction with users and developers, who flocked to the Avalanche Summit in Barcelona in March. Almost 250 active apps are running on Avalanche, many of them in decentralized finance or gaming, according to tracker DappRadar. The related AVAX token has a $21.5 billion market cap and its price is up about 19% over the past month, according to CoinMarketCap.com.
Ava Labs is raising money even as crypto markets remain choppy, with Bitcoin well down from its November all-time high amid worries over Fed tightening, inflation and Russia’s invasion of Ukraine.
Last year, Polychain Capital and Three Arrows Capital led a $230 million round in the Avalanche public blockchain ecosystem via a token sale that benefited the Avalanche Foundation. In 2020, Ava Labs raised $12 million for the project through a private token sale led by Bitmain, Galaxy Digital and others.
Founded in 2018, Ava Labs also raised a $6 million round in 2019, from investors including Andreessen Horowitz and Polychain. The company has 170 employees, according to PitchBook.
Representatives for Ava Labs didn’t immediately respond to requests for comment.
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