The Avalanche native token, Avx, is gaining momentum in the current overvoltage of the cryptography market, supported by a new institutional activity and a major partnership with FIFA.
According to Cryptoslate Data, AVAX jumped 11% in the last 24 hours, reaching $ 25.16 at the time of the declaration. This continues a one -week trend that saw the token increase by around 7%.
In particular, this recent recovery coincides with a wider market rally that has pushed Bitcoin to new heights of more than $ 111,000.
However, the rise of Avx seems to be trained by more than the feeling of the market, evidenced by the recent important developments within its ecosystem. These movements position the blockchain as an essential platform for evolutionary solutions and ready for the company.
FIFA Blockchain
On May 22, FIFA officially launched its layer 1 blockchain dedicated to avalanche to stimulate its world access and fans commitment.
According to Avalanche, the new Powers blockchain platforms like Fifa Collect, which offers digital collectibles linked to the emblematic moments of football history and exclusive real world experiences such as VIP Match Access.
FIFA has teamed up with the Modex infrastructure provider to build and maintain the blockchain. The company will supervise both Backend development and the user -facing market.
The CEO of Modex, Francesco, the Abbate described the initiative as a leap forward for the experiences of digital fans, highlighting the scalability and the ease of integration of avalanche.
Avalanche dedicated fund
The time of the launch of FIFA is aligned with a wave of institutional interest for the avalanche ecosystem.
On May 21, the active manager Vaneck revealed that the launching plans of a dedicated fund focused on avalanche -based projects in June.
This new vehicle, named the Build Build Fund, will invest in liquid tokens and blockchain companies supported by a company covering AI, payments, games and finances.
Vaneck also plans to allocate unused capital in real -tokenized asset markets on the avalanche, helping to maintain liquidity while exploring the long -term exhibition of the blockchain.
Pranav Kanade, portfolio manager at Avalanche, said:
“The avalanche has become a magnet for reflected manufacturers, and with the Vaneck purpose fund, we bring capital and conviction to founders creating a lasting value, and not of the momentum.”
