Avalanche Cryptocurrency HUGE Updates Is AVAX a Good Investment 2022

Avalanche $100 Fund will advance Culture, NFTs, & Web3 on AVAX

avalanche foundation and NFT platform open launch a 100-million-dollar web 3 culture fund

they're calling it culture catalyst avalanche is the beneficiary of a major investment initiative called culture catalyst a 100 million investment initiative designed to influence the direction of arts and entertainment within web 3.

culture catalyst has launched in collaboration with open a non-fungible token platform for community building

Grimes working with Avalanche to make children’s NFT content

to go even further Canadian musician grimes reveals at the avalanche summit her intergalactic children's metaverse book

 These are pretty cool details at the avalanche summit in Barcelona the Canadian musician and record producer grimes announced she plans to launch an intergalactic children's metaverse book which is part of the 100-million-dollar initiative started by the avalanche foundation and the non-fungible token launch launchpad open

grimes’ partners with open to launch a series of educational art for babies and small children on avalanches so obviously avalanches culture catalyst the 100-million-dollar investment initiative designed to bring some cultural arts and entertainment into web 3 specifically avalanche ecosystem

 that's really exciting obviously grimes getting involved with an avalanche that's really exciting

The Greatest Catalyst for AVAX will be Subnets

what I’m most excited about and I think will be the greatest catalyst for avax is subnets

 avalanches avax seeing a boost from subnet chatter people are talking about the price people are talking about announcements but what a lot of people are talking about is all about the subnets

 now besides the 100-million-dollar culture fund avalanche recently announced a 290 million development fund meant explicitly for scaling the avalanche network we're talking about subnets

What are ‘subnets’?

what exactly are subnets

why are they important in very broad strokes?

subnets are like a white label solution for organizations or developers to build and deploy customized blockchains

these blockchains could be specific to Defi or nfts but could also be made to the public or closed to a set of verified users

the advantage of creating application-specific networks means that these networks can be optimized for the exact needs of the network's objective minting a new nft is less expensive for instance than jumping into the latest multi-step yield farm in d5 and this could be optimized accordingly

this also means that these activities are siloed from one another helping to keep fees low across the board

entire crypto networks like Solana like Ethereum where even bitcoin could technically be ported over to a subnet on avalanche 2. These subnets can also launch their own tokens rather than using the AMAX  token