July 22, 2020 Avalanche Foundation raises $42 million in token sale.

Avalanche Foundation, an organization responsible for stewarding the Avalanche blockchain platform, has raised $42 million in a public token sale. 72 million AVAX utility tokens were sold in 4.5 hours on July 15, with 100% of the available tokens purchased. The raise means that Avalanche has now received a total of $60 million in funding to-date.