The Avalanche Foundation has started using Culture Catalyst

Avalanche Network announced on social media that last year, the Avalanche Foundation launched the Culture Catalyst program, aimed at empowering creators, stimulating innovation and promoting blockchain adoption. The program is designed to better cultivate and support various new forms of creativity, culture and lifestyle brought about by blockchain. The Avalanche Foundation plans to start using Culture Catalyst to create collections by purchasing selected Avalanche-based Meme coins in recognition and encouragement of the culture and fun symbolized by Meme coins. This move complements the Avalanche Foundation's ongoing participation in the Avalanche ecosystem (including NFTs, RWAs and other types of crypto assets), expanding its portfolio to cover a more complete range of possibilities. The selection process for this collection is based on several key indicators including number of holders, liquidity thresholds, project maturity, fair release principles as well as overall social sentiment among others.