Source: Avalanche The Avalanche Foundation, the nonprofit organization overseeing the development of the Avalanche Network, aims to allocate its $100 million non-fungible token (NFT) incubator fund to purchase memecoins. The move is part of the foundation’s “Culture Catalyst” initiative, which was initially launched in March 2022 to support promising NFT projects on the network. The Avalanche The post Avalanche Foundation Dives into Memecoin Market with $100 Million NFT Initiative appeared first on Cryptonews .