Avalanche Foundation to spend Culture Catalyst’s funds on select meme coins
Initially established as a program aimed at ‘sparking innovation,’ Avalanche’s Culture Catalyst will now spend funds to buy meme coins. In an X announcement on Dec. 29, the Avalanche Foundation said it plans to start spend ing Culture Catalyst’s funds on “ select Avalanche-based meme coins ” in a bid to “recognize and encourage the culture and fun symbolized by meme coins .” 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,… — Avalanche (@avax) December 29, 2023 Established in March 2022, the Culture Catalyst initiative, as noted by the foundation, initially was aimed at “empowering creators, sparking innovation, and propelling the adoption of blockchains.” You might also like: Wha...