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Avalanche Foundation’s Culture Catalyst Now Recognizes Meme Coins

Twitter icon  •  Published 10 months ago  •  Hassan Maishera

The Avalanche team announced via X (formerly Twitter) on Friday that the Avalanche Foundation’s Culture Catalyst now recognizes and encourages meme coins.

The Avalanche team announced via X (formerly Twitter) on Friday that the Avalanche Foundation’s Culture Catalyst now recognizes and encourages meme coins. It does this by purchasing select Avalanche-based meme coins to create a collection.

Culture Catalyst is Avalanche Foundation’s program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. The team added that the selection process for the meme coin collection is based on several key criteria, including the number of holders, liquidity thresholds, project maturity, principles of a fair launch, and overall social sentiment, among other factors.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by 1% so far today and currently trades at $41.34 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.