Colony Lab will invest US$10 million to support the development of the Avalanche ecosystem

Odaily News Avalanche ecosystem developer and accelerator Colony Lab said it will invest $10 million to support the long-term development of the network. The company said it has purchased more than 500,000 AVAX tokens worth $8 million over the past few months, and the funds will be used to build a validator program that benefits AVAX holders. Colony Lab will also invest in the Colony Avalanche Index (CAI), an index of yield tokens in the Avalanche ecosystem.