VanEck debuts PurposeBuilt fund to invest in Avalanche-based applications

VanEck plans to introduce the PurposeBuilt Fund in June 2025, dedicated to investment in the Avalanche ecosystem, emphasizing long-term utility.

The fund will primarily invest during Token Generation Events (TGE) and target sectors such as gaming, financial services, and AI, supporting serious businesses.

With a market cap of nearly 50 billion USD, Avalanche attracts significant attention from developers aiming to build practical applications.

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