Posted 12/29/2023, 2:52:36 PM
Avalanche Foundation Launches $100 Million Fund to Purchase and Spotlight Meme Coins
- Avalanche Foundation to use $100M Culture Catalyst fund to purchase meme coins
- Aims to give more recognition to meme coins and the culture they represent
- Will create a collection of Avalanche-based meme coins based on criteria like holders, liquidity, launch fairness etc.
- Sees meme coins as an important part of the crypto landscape alongside DeFi, NFTs etc.
- Part of their effort to support diverse cultural initiatives in web3 space