Ava Labs claims to be a blockchain giant? Startup Ava Labs, which created the Avalanche blockchain, is currently looking for investors who will help increase capitalization. The collected funds are planned to be spent on launching new projects.
Ava Labs currently has a market value of $5.25 billion. At the same time, in the first round of financing, the company's management plans to raise up to $350 million.
Ava Labs was founded by Cornell University professor Emmin Gur Sirer in 2018. A year later, the first 6 million dollars were invested in it, which allowed the company to develop very quickly.
Experts call Avalanche one of the killers of Ethereum, while this blockchain offers users cheaper and faster transactions. Almost 250 applications are already deployed on Avalanche, including active gaming and financial services.
The underlying asset of the AVAX network in March of this year grew by about 19%.
