Avalanche raises $250M for the Avalanche9000 upgrade

The Avalanche9000 update is expected to reduce blockchain deployment costs by 99.9% and transaction prices by 25x. This update is already on the testnet

More than 40 companies participated in the private token sale, including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective, and others

The Avalanche9000 update is based on the Etna Upgrade and community votes ACP-77 and ACP-125 — changing the validator cost from 2,000 $AVAX to 1.33 $AVAX per month

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