We are proud to officially announce that Colony, the community-driven Avalanche ecosystem accelerator, has successfully raised over one million dollars in seed funding co-led by GBV Capital, Foresight Ventures and the Avalanche Foundation.
Other strategic investors who participated in this round are Avalaunch, Avatar, Yield Yak, NGC Ventures, Spark Digital Capital, MEXC Global, Synaps and ZBS Capital.
We are humbled by the global communities’ and investors’ interest. However, we chose to work with VCs who share our vision, vocation and are willing to partner with us in the long run.
Our entire team is incredibly grateful for the support and confidence we have received from the aforementioned industry experts, leaders, and investment funds.
A community driven fund, evolving into a DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY.
Colony will deploy capital within Avalanche on early stages projects, provide liquidity to DeFi protocols, maintain an Index on top Avalanche projects, and validate networks through stacking capabilities.
Our open governance mechanism ensures capital is allocated across the Avalanche ecosystem for its sole benefit. The value generated by Colony’s investments is routed back to the Community through airdrops, a buyback mechanism, and staking rewards.