The Avalanche Foundation, a non-profit organization actively supporting the Avalanche community, has announced a $100 million support fund dedicated to facilitating the deployment of meme coins within the community. However, the organization has revealed strict guidelines and criteria that developers must adhere to before their meme coins would be considered eligible for support.
Avalanche Foundation Makes Big Move Into Memecoins
In a recent January 23 blog post, the Avalanche Foundation outlined its goals and vision for the Avalanche community through the use of meme coins. The organization expressed its commitment to completely embracing the community’s core principles, which are culture, creativity, and camaraderie.
The foundation revealed that it recognises these specific elements in the unique design of meme coins, which foster engagement and raise community members’ spirit. It also disclosed that it has already begun using its Culture Catalyst program, an initiative creat
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