Avalanche Foundation Discloses First Batch Of Meme Coin Holdings
The Avalanche Foundation has launched its first set of community coins, or meme coins, under its $100 million Culture Catalyst fund.
The foundation has invested in five native currencies, including Coq Inu, Gecko, Kimbo, Nochill, and Tech, as part of the meme coin treasury.
The foundation emphasized the importance of the meme coin ecosystem and its potential to represent diverse crypto communities’ interests.
It confirmed its commitment to supporting these assets in the long run and adapting its requirements to include more early assets capable of building tools for the Avalanche ecosystem. The foundation is also evaluating ERC-404 tokens as a promising new asset class.
(With inputs from Shikha Singh)
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