Ecosystem Empowerment: VanEck's New Crypto Fund

VanEck, a major asset manager, plans to launch a private fund in June, aiming at projects built on the Avalanche blockchain. This fund targets Web3 sectors like gaming and AI, using the Avalanche (AVAX) ecosystem to fuel investments in real-world assets. VanEck's strategy, as noted by Pranav Kanade, focuses on real businesses rather than infrastructure. This marks a move towards practical utility in crypto, where Avalanche acts as a hub for institutional crypto growth, showing a shift in the industry towards sustainable token economies.