Avalanche Foundation will invest in Avalanche ecological meme currency through creator fund Culture Catalyst

Avalanche posted on the The chain brings many new forms of creativity, culture and lifestyle. In addition to mainstream crypto asset classes such as gas tokens, DeFi tokens, Real World Assets (RWAs), NFTs, stablecoins and governance tokens, meme coins have also opened up an important market segment in the field of crypto assets. Often inspired by internet culture and humor, these tokens are more than just utility assets; they represent the collective spirit and common interests of diverse crypto communities. The Avalanche Foundation intends to begin leveraging Culture Catalyst by purchasing selected Avalanche-based meme coins to create a collection that recognizes and encourages the culture and fun that meme coins symbolize. This move complements the Avalanche Foundation’s continued involvement in the ecosystem, including NFTs, RWAs, and other types of cryptoassets, expanding its portfolio to embrace a more complete set of possibilities. The selection process for this series is based on several key criteria, including the number of holders, liquidity thresholds, project maturity, fair issuance principles, overall social sentiment and other factors. The Avalanche Foundation is committed to supporting diverse and culturally meaningful initiatives, establishing its position as an adaptive and inclusive player in the Web3 space. In March last year, the Avalanche Foundation and Web3 social media platform Op3n announced a $100 million initiative. Culture Catalyst is designed to allow creatives to build projects on Avalanche, and these projects can only be accessed on the emerging social media platform Op3n.