VanEck to Launch PurposeBuilt Fund for Avalanche-Based Projects

VanEck is set to debut its PurposeBuilt Fund in June 2025, targeting real-world applications built on the Avalanche (AVAX) blockchain. Unlike hype-driven crypto funds, this one focuses on utility-based tokens and mission-driven founders.

The fund will invest in liquid tokens and early-stage ventures across sectors like gaming, fintech, payments, and AI, mostly around the Token Generation Event (TGE).

Co-managed by the experienced VanEck Digital Assets Alpha Fund (DAAF) team, this Avalanche-only fund aims to back projects with long-term value. With Avalanche's ecosystem booming and worth nearly $50B, VanEck sees it as a hub for real innovation beyond speculation.

Quote: “The next wave of value in crypto will come from real businesses, not more infrastructure.” — Pranav Kanade, VanEck

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#BinanceSqaure This marks a key shift toward real utility, long-term capital, and serious blockchain adoption.$AVAX #BİNANCE