Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-04-14 15:47:44

Blockchain developer Ava Labs valued at $5.25B with latest funding round

New York-based Ava Labs, the main developer of the Avalanche (AVAX-USD) blockchain, is set to raise $350M in a new financing round, valuing the company at a $5.25B valuation, people familiar with the matter told Bloomberg Wednesday. This funding would make Ava Labs one of the highest valued startups in the digital asset space, Bloomberg highlighted. Started in Sept. 2018, Avalanche (AVAX-USD) directly competes with Proof-of-Stake-based blockchain cryptocurrencies like Ethereum (ETH-USD) and Solana (SOL-USD), as it offers high speeds and low transaction fees for a variety of decentralized applications. Avalanche (AVAX-USD) has a market cap of $20.71B, making it the 10th largest digital token followed by Dogecoin (DOGE-USD). Meanwhile, AVAX is sliding 3.2% to $77.20 per coin in midday trading Thursday. In mid-Nov. 2021, Tyler and Cameron Winklevoss' Gemini sought to raise $400M funding at a $7B valuation.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.