After two major announcements this month, Avalanche has just shared the details of its third major development. The ecosystem support program announced at the time of writing represents the latest step taken by the Avalanhe team to close the gap with its competitors. So what are the details?
Avalanche and infraBUIDL()
The name of the support program may seem interesting. It seems like they wanted it to look cool since the usage of the form “name()” is used for functions and classes in programming languages. It is something that was started to support those who support network development. Avalanche Foundation wants to directly support developers with this initiative program. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“The infraBUIDL() Program is designed to advance the Avalanche ecosystem by funding infrastructure projects that improve user and developer experiences. Through direct and milestone-based retroactive grants, the program aims to attract top talent and build a community of developers dedicated to advancing the Avalanche Network.”
There are so many layer1, layer2 or even layer3 networks or different kinds of new things. Smart contract Although the number of networks offering infrastructure is increasing day by day, most investors are interested in the tokens and prices of these protocols or networks. However, Avalanche is looking for ways to bring more developers to the Avalanche network as it aims to grow its slice of the smart contract pie in the long term.
The goal of the Avalanche Foundation is to create products that allow large companies and users to use the Avalanche network alongside powerful competitors like Ethereum, such as bridges, wallets, virtual machines, RPCs, indexers, token engineering, and more.
AVAX Price Prediction
Grayscale AVAX launches trust and integrates with trillion-dollar Franklin Avalanche network. These are huge news. But Bitcoin is falling. So AVAX price should also fall. And that’s what happens. The altcoin price, which was expected to reach $29 and $32 after the recent good news, is now stalling at $23.
The strong negativity in the general market sentiment, volatility makes things difficult. And of course AVAXWe should not forget the annual double-digit inflation of . If the decline continues, it may witness a search for new support between $ 22.5 and $ 19.75. On the other hand, the safe zone is closing at $ 26 and above.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
