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

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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

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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.

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