Blockchain project Avalanche raises $42 million in a public sale, with the mainnet launch now being expected to come by the end of August.
The Avalanche project, a blockchain protocol founded by Cornell’s Emin Gün Sirer, has completed a $42 million public token sale after raising $12 million in a private sale in June.
Avalanche blockchain developer AVA Labs said that the Avalanche network launch is expected to come by the end of August.
Public sale offered a total of 72 million AVAX tokens
The $42 million public sale took place on July 15, taking just a few hours to complete.