Avalanche Foundation Snaps Up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment
The Foundation first said in December it would invest in meme coin as part of a digital culture drive. Source link
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The Foundation first said in December it would invest in meme coin as part of a digital culture drive. Source link
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“The growing use of Avalanche by leading financial services firms like Citi, Wellington, WisdomTree, and DTCC Digital Assets continues to cement Avalanche as an institutional blockchain leader,” said Morgan Krupetsky, senior director of business development, institutions and capital markets at Ava Labs, in a conversation with CoinDesk. Source link
“The Foundation embraces the full spectrum of creativity, culture, and camaraderie in the blockchain space, and broadly views meme coins, NFTs, and similar tokens created by the community for culture and engagement as ‘community coins,’” the statement shared with CoinDesk read. Source link
“The Avalanche Foundation intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolized by meme coins by purchasing select Avalanche-based meme coins to create a collection,” it said. “This move complements the Avalanche Foundation’s ongoing engagement across the Avalanche ecosystem, including NFTs, RWAs, and other types of cryptoassets, broadening its […]