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The Avalanche Foundation, which helps support the development of the Avalanche blockchain ecosystem through its grants and investments, is considering buying meme coins as part of an initiative that recognizes different niches of the cryptocurrency market after a surge in tokens like bonk (BONK) almost single-handedly revived the Solana network earlier this month.
The foundation said the selection process for the collection will be based on criteria such as the number of holders, liquidity thresholds, project maturity, launch principles and general social sentiment, among other factors.
"By purchasing Avalanche-based meme coins to create a collection, the Avalanche Foundation wants to recognize and promote the culture and fun that meme coins symbolize. This move will clinch the Avalanche Foundation's involvement in the Avalanche ecosystem, including NFTs, RWAs, and other types of crypto assets, and expand the portfolio."#ContentStar #HotTopicDiscussion #Haye Post Highlights # Thanksgiving #ChristmasWish #BRC20TokensKonu