Terra backers buy $200M in AVAX tokens, bolstering crypto reserves beyond BTC
The Luna Foundation Guard (LFG) and Terraform Labs (TFL), both organizations supporting the Terra blockchain, announced they had collectively acquired $200 million worth of Avalanche’s AVAX tokens from the Avalanche Foundation.
Terra also announced that it would be collaborating with Avalanche on a new gaming subnet with details to be released “at a later time.”