<ul><li>Avalanche has raised $250 million from Galaxy Digital, Dragonfly, and ParaFi Capital in a token sale fundraiser.</li><li>The funds will be used to support the layer-1 blockchain upgrade of Avalanche.</li><li>The upgrade, known as Avalanche9000, aims to make transactions and application deployment on the blockchain cheaper by 99.9%.</li><li>Avalanche plans to dominate sectors such as real-world asset tokenization, gaming, loyalty, rewards, and payments.</li></ul>

Avalanche raises $250 million to boost layer-1 upgrade

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