The Avalanche Foundation, known for its stewardship of the Avalanche network, recently announced a bold new venture. Under the moniker of the “Culture Catalyst” program, the Foundation has declared its intention to acquire a varied selection of meme coins. This move is seen as an effort to diversify its holdings and integrate a broader range of possibilities into its portfolio.<\/p>\n
In an informal communication via X<\/a> (formerly Twitter), the Foundation expressed its plan to selectively purchase meme coins that are part of the Avalanche ecosystem<\/a>. The criteria for selection are multifaceted, encompassing aspects such as the project’s longevity, the principles of its initial launch, the level of liquidity, the number of current holders, and the general sentiment in social media circles.<\/p>\n Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity,…<\/p>\n — Avalanche 🔺 (@avax) December 29, 2023<\/a><\/p><\/blockquote>\n\n