VanEck is set to launch the PurposeBuilt fund next month, specifically targeting projects within the Avalanche ecosystem. Pranav Kanade, portfolio manager for VanEck’s Digital Assets Alpha Fund, highlighted that the decision stems from Avalanche's Layer 1 architecture, which enables builders to retain more value. The fund aims to invest in liquid tokens and venture-backed projects across various sectors such as gaming and financial services, and will typically engage after a Token Generation Event with a focus on long-term outcomes. Unused capital is expected to be utilized on-chain for real-world asset products, including tokenized money markets. The collaboration with Avalanche reflects a desire to support serious founders in the token space by providing a more structured capital allocation approach amidst speculative market conditions. The fund's size has not been disclosed yet, but it signifies a trend towards supporting innovative builders outside traditional infrastructure.

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