Avalanche Foundation starts using Culture Catalyst

Avalanche Network posted on social media that last year, the Avalanche Foundation launched the Culture Catalyst program, which aims to empower creators, inspire innovation, and promote the adoption of blockchain. The program aims to better cultivate and support the various new forms of creativity, culture, and lifestyles brought by blockchain to Avalanche. The Avalanche Foundation plans to start using Culture Catalyst to create collections by purchasing selected Avalanche-based Meme coins to recognize and encourage the culture and fun symbolized by Meme coins.

This supplements the Avalanche Foundation's continued participation in the Avalanche ecosystem (including NFTs, RWAs, and other types of crypto assets), expanding its portfolio to cover more complete possibilities. The selection process for this collection is based on several key indicators, including the number of holders, liquidity thresholds, project maturity, fair release principles, and overall social sentiment.