On November 21st, according to CoinDesk, Avalanche ecosystem developer and accelerator Colony Lab announced that they will invest $10 million to support the long-term development of the network.
The company stated that they have purchased over 500,000 AVAX tokens worth $8 million in the past few months, and these funds will be used to establish a validator program that benefits AVAX holders.
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AVAX ecosystem receives $10M in funding from Colony Lab
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