Ethereum rival smart contract platform Avalanche, meme coiIt announced that it has adopted a new approach that includes n’s. Here is the noteworthy announcement details.
Avalanche management is preparing to introduce the “Culture Catalyst” initiative, which was launched last year. The project in question aims to support meme coins, gas tokens, NFTs, stablecoins, Real World Assets (RWA) and governance coins.
Last year, the Avalanche Foundation announced the launch of Culture Catalyst, a program aimed at empowering creators, sparking innovation, and encouraging blockchain adoption.
As Koinfinans.com reported, this initiative aims to better position Avalanche to develop and support the many new forms of creativity, culture, and lifestyle that blockchain makes possible.
Administration to start a collection AVAX plans to purchase specific meme coins and tokens based on; It will select companies based on a combination of factors, including but not limited to the number of holders, liquidity thresholds, and general social sentiment.
This move complements the Avalanche Foundation’s ongoing involvement across the Avalanche ecosystem, including NFTs, RWAs and other types of crypto assets, and aims to more fully expand its portfolio.
The initiative was originally created in March 2022 as a collaboration between Avalanche and OP3N, an artificial intelligence (AI)-powered chat app.