Avalanche Foundation allocates $50M investment to on-chain asset token purchases

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The $50 million will go towards projects that tokenize real-world or on-chain assets on the Avalanche blockchain.

Avalanche Vista comes amid a groundswell trend towards tokenization throughout the blockchain community. Essentially, tokenization allows anyone to convert an off-chain asset into a digital, on-chain token.

Aside from real estate and collectibles, the Avalanche Foundation envisions a wide array of use cases for tokenization on its blockchain. Per a blog post, these

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Avalanche Vista comes amid a groundswell trend toward tokenization throughout the blockchain community. Essentially, tokenization allows anyone to convert an off-chain asset into a digital, on-chain token.

Australia Australia Latest News, Australia Australia Headlines