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Avalanche Foundation unveils $290 million incentive program to spur on growth of subnets

2022/03/08 15:18

According to The Block, the Avalanche Foundation announced incentives worth hundreds of millions of dollars on Tuesday to stimulate new types of development on the Avalanche blockchain. The so-called Avalanche Multiverse program — funded by four million AVAX tokens (worth around $290 million at current prices) — aims to encourage the growth of subnets on the network. The subnets are blockchains linked to Avalanche, in that they share similar tools and features, but that can be customized to suit the requirements of specific apps.
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