According to a new increase, AVA Labs is reported to the evaluation of USD 5.25 billion

According to a new increase, AVA Labs is reported to the evaluation of USD 5.25 billion

The main developer of the Avalanche Blockchain is reported in the middle of a financing round that estimates its assessment at $ 5.25 billion.

The latest increase of ava labs, Bloomberg-News , amounts to $ 350 million. The news organization quoted "people familiar with the discussions".

A spokesman for the company did not immediately answer a request for comment.

ava Labs was founded in 2018 and had collected Im February 2019 from Investors such as Andreessen Horowitz and Polychain.

Avalanche completed a token sale worth $ 230 million, which was led by Three Arrows Capital and Polychain. At the time, the company said that it would use the revenues to accelerate the growth of Defi, not fungible tokens (NFTS) and other new investment classes on its blockchain.

The Avalanche Foundation also revealed an incentive program last month that would provide up to four million Avax tokens-currently worth around $ 312 million-for a program called Avalanche Multiverse. The initiative aims to expand your "subnet" functionality, which helps to develop application-specific blockchains on Avalanche.

The C-Chain from Avalanche, which is compatible with Ethereum Virtual Machine, currently has the majority of the transaction volume.

Together with other Layer 1 protocols such as Solana, Cardano and Polkadot, Avalanche has tried to solve scaling, speed and cost problems in the Ethereum blockchain. It advertises itself as the fastest Smart Contracts platform, measured by the time-to-finity, and has most of the validators that secure its activity from any Proof-of-Stake protocol.

The native token of Avalanche, Avax, had a price of around $ 78 and a market capitalization of around $ 21 billion on Thursday morning.

The President of Ava Labs, John Wu, said at the Digital Asset Summit von Blockworks last September that the new wave of Ethereum competitors would be home to economies. At the time, he noticed that "you have no economy if transactions cannot be carried out easily and affordably".

Ethereum is working on bringing his Mainet together with the Beacon Chain Proof-of-Stake-System this year, partly to increase its energy efficiency. With a market capitalization of $ 367 billion and a blocked overall defect value of around $ 117 billion, it remains significantly larger than all other EVM-compatible smart contract platforms.

The report on the financing round of AVA Labs comes because crypto companies have received enormous reviews in recent months.

The company valuation of FTX rose to $ 32 billion in January.

twins and Castle Financing rounds in November and March and evaluated the companies with around 7 millions US dollar.