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 <p>One rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor.</p>
 <p>In a new announcement, layer-1 blockchain Avalanche (AVAX) says that it intends to start promoting its Culture Catalyst initiative, which launched last year and aims to support meme<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>, gas tokens, non-fungible tokens (NFTs), stable<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>, Real World Assets (RWA), and governance <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a>.</p>
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 <p><em>“Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. </em></p>
 <p><em>This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity, culture, and lifestyle that blockchain enables.” </em></p>
 <p>Avalanche says it plans on purchasing select AVAX-based meme assets to start a collection, and says it will be choosing the tokens based on a combination of factors, including but not limited to its number of holders, its liquidity thresholds, and overall social sentiment.</p>
 <p><em> “The Avalanche Foundation intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolized by meme <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> by purchasing select Avalanche-based meme<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> to create a collection. </em></p>
 <p><em>This move complements the Avalanche Foundation’s ongoing engagement across the Avalanche ecosystem, including NFTs, RWAs, and other types of crypto assets, broadening its portfolio to embrace a more complete spectrum of possibilities.” </em></p>
 <p>The initiative was originally created in March 2022 as a collaboration between Avalanche and OP3N, an artificial intelligence (AI)-powered chat application.</p>
 <p>AVAX is trading for $40.13 at time of writing, a fractional decrease during the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/avalanche-avax-to-go-ape-ethereum-rival-aims-to-promote-memecoins-with-new-culture-catalyst-initiative-tbt75148.html">https://thebittimes.com/avalanche-avax-to-go-ape-ethereum-rival-aims-to-promote-memecoins-with-new-culture-catalyst-initiative-tbt75148.html</a></p>

Avalanche (AVAX) To Go Ape? Ethereum-Rival Aims To Promote Memecoins With New Culture Catalyst Initiative

TheBitTimes

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