🔥🔥😱Avalanche Foundation began purchasing meme coins: Statement made
The Avalanche Foundation also participated in the meme coin craze, which has been rekindled recently. With a statement, the foundation announced that it will start buying some meme coins through the "Cultural Catalyst" program launched last year. These meme coins will only be based on the Avalanche chain.
While the big price increases seen in Solana-based meme coins, especially BONK, have also mobilized developers working on other chains, the major players of the crypto ecosystem have not been indifferent to this trend either!
Avalanche Foundation announced via the X platform that it will start meme coin purchases through the “Culture Catalyst” program launched last year.
"They have passed the tokens that are the area of use”
Emphasizing that the ”Culture Catalyst" program is a program aimed at supporting content producers and other creators and developers, the statement said that internet culture and humor have recently taken an important place in the cryptocurrency ecosystem:
"Like gaz tokens, DeFi tokens, real-world assets, NFTs, governance tokens within the crypto ecosystem, meme coins have recently started to become of great importance. These tokens, which are usually issued with inspiration from internet culture and humor, have managed to go beyond some assets that have a field of use. Representing the interests of various crypto communities and the spirit of collective action, these coins have become an important player in this field.”
"Meme coins based on Avalanche will be bought”
The Avalanche Foundation will start receiving meme coins issued only on the Avalanche network through this “Cultural Catalyst” program, the following statements were used in the statement stating that:
"The Avalanche Foundation will use Culture Catalyst to both recognize and promote the culture and entertainment symbolized by these tokens by purchasing some Avalanche-based meme coins to create a collection.
