AVAX Price Rides Wave as Avalanche Developer Reportedly Seeks USD 350M in Funding

With Ava Labs, the lead developer of the Avalanche blockchain, said to pursue new funding round, possibly becoming one of the most highly valued crypto-focused startups, the price of its native coin AVAX is accelerating upwards.
With the aim to support its further expansion, the company is seeking some USD 350m in funding at a valuation of about USD 5.25bn, a person close to the effort told Bloomberg….
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