VanEck’s new fund targets real-world utility in Avalanche ecosystem
Crypto NewsWednesday, May 21, 2025 at 12:01:32 PM
Investment firm VanEck is doubling down on Avalanche’s blockchain with a new fund aimed at supporting actual businesses—not just speculative crypto projects. The "PurposeBuilt Fund," launching in June, will specifically target companies using Avalanche’s tech for real-world applications, signaling a shift toward tangible utility over hype.
What This Means: This isn’t just another crypto fund chasing quick gains. VanEck’s move suggests growing institutional confidence in blockchain’s practical uses—think supply chain tracking, digital IDs, or even tokenized real estate. For Avalanche, it’s a vote of credibility. For the broader crypto space, it’s a nudge toward building stuff that matters, not just memecoins.
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