PANews news on May 21st, according to Blockworks, asset management giant VanEck announced that it will launch a "PurposeBuilt" fund focusing on the Avalanche ecosystem next month. The fund, managed by the VanEck Digital Assets Alpha Fund team, will invest in liquidity tokens and venture capital projects in areas such as gaming, financial services, payments, and AI. Pranav Kanade, portfolio manager of the VanEck Digital Assets Alpha Fund, stated that Avalanche was chosen because its L1 architecture allows developers to "have a complete technology stack", and the C-Chain provides a product validation environment for early-stage projects.
VanEck will launch a "PurposeBuilt" fund focused on the Avalanche ecosystem next month
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