Avalanche Foundation plans to purchase Meme coins to advance Culture Catalyst program

The Avalanche Foundation has launched the Culture Catalyst program to empower creators, promote blockchain adoption, and support new forms of creative and cultural expression that may emerge on the blockchain.The foundation plans to recognize and encourage the culture and fun represented by selected Avalanche-based Meme coins by purchasing them, and expand its participation in the Avalanche ecosystem, including NFTs and RWAs. The selection of collectibles/Meme coins will be based on multiple criteria, such as the number of holders, liquidity, project maturity, fair launch principles, and overall social sentiment.