Avalanche Launch $290 Million-Backed ‘Multiverse’ Program

Avalanche, an Ethereum-based game studio and publisher, is announcing their plans to release a new gaming platform called “Multiverse” that will be built on the blockchain. The company’s goal with this project is to help players build their own games or universes where they can create worlds within those worlds.

The “where to buy avax” is a token backed by a $290 million-dollar fund. The multiverse program allows users to earn tokens through their in-app purchases.

Avalanche, one of the quickest smart contract platforms in the blockchain industry, has announced the ‘Avalanche Multiverse,’ which is backed by $290 million. The new Web3 space will serve as an incentive program, with an emphasis on boosting the company’s Subnet functionality’s acceptance and growth.

Avalanche Multiverse is held by a wide group of notable partners, including DeFi Kingdoms, Aave, Golden Tree Asset Management, Wintermute, Jump Crypto, Valkyrie, and Securitize, as its massive potential investment pool suggests.

Avalanche Multiverse will be separated into at least six stages to optimize support for future participating projects in the program, with an emphasis on ecosystems such as blockchain-enabled gaming, DeFi, NFTs, and institutional use. However, because of its adaptability, new aspects of Web3 might be added to the list in the future.

The program’s overall, macro goal will be to enhance the company’s Subnet capability, which allows a thriving ecosystem of scalable app-specific blockchains in which anybody can build strong, dependable, and secure networks with bespoke implementations.

Other exciting advantages for the community will include the inclusion of a specialized Subnet from DeFi Kingdoms, which will attract a maximum of $15 million in rewards in $AVAX and $CRYSTAL, Avalanche’s new native token to complement DeFi Kingdom’s current $JEWEL token. 

Details on how such incentive schemes will be distributed, as well as future Avalanche Multiverse initiatives, will be released in due time.

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