Another Ethereum ‘killer’ blasts off: Avalanche raises $42 million

[Riya143]

Avalanche supports the Ethereum Virtual Machine, meaning that DeFi developers who’ve built their homes on Ethereum don’t have to lift a finger.
Avalanche, a blockchain network that claims to be hundreds of times faster than Ethereum, announced today that it has raised $42.5 million in a public token sale.

The sale opened at 10am ET on July 15. It took just four and a half hours for the latest “Ethereum killer” to sell all 72 million of its AVAX tokens available for purchase. This brings the total amount of funding for the network to $60 million. (And for those wondering, the sale excluded US residents, lest it raise the ire of the SEC.)
Read More: https://decrypt.co/36411/another-ethereum-killer-blasts-off-avalanche-raises-42-million