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News Explorer — Colony Lab Invests $10 Million in Avalanche Ecosystem

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Nov 21, 1:30 pm

Coindesk

Colony Lab Invests $10 Million in Avalanche Ecosystem

Colony Lab, an Avalanche ecosystem developer and accelerator, has announced a $10 million investment to support the long-term growth of the network. The company has purchased over 500,000 AVAX tokens, valued at $8 million, to establish a validators program and invest in the Colony Avalanche Index (CAI). The rewards from these programs will be directed to the CLY stakers community.

Colony Lab, an Avalanche ecosystem developer and accelerator, has announced a $10 million investment to support the long-term growth of the network. The company has purchased over 500,000 AVAX tokens, valued at $8 million, to establish a validators program and invest in the Colony Avalanche Index (CAI). The rewards from these programs will be directed to the CLY stakers community.

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