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Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers

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Avalanche (AVAX) 25% Surge Fueled By New Initiatives To Support Developers - NewsBTC

Quick Summary:

More on Retro9000 👇 pic.twitter.com/qNXzosMV14 — Avalanche 🔺 (@avax) September 26, 2024 "While the current blockchain landscape offers countless opportunities, it comes with technical roadblocks, creating economic and logistical limitations that make building and deploying projects challenging,” stated Avalanche in a recent blog post.  The program works by ranking submissions in a public leaderboard, allowing developers to build publicly, and allowing a community to form around their projects.

This move comes as a way to "empower developers” on the platform, ensuring that development on Avalanche won’t cease.  Retro9000: Up to $40m in retroactive grants for Avalanche L1s 🔺 This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best–innovate and build.

The program allows developers of all sizes to keep try the new developer environment whilst keeping the economic barrier low through funding using the $40 million allotted for the program.  The cryptocurrency wallet and portfolio protocol, Core, said it would support its upcoming network upgrade, Avalanche9000, which will feature the Interchain Messaging Protocol (ICM).


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 20:00:59 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22754528

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