Avalanche Foundation Allocates $100 Million NFT Incubator Fund for Meme Coin Investments, Meme Moguls (MGLS) to Lead Meme Coin Towards Evolution

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January 3, 2024
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3 min read

Avalanche crypto is currently one of the top crypto coins by market cap, holding the 9th position comfortably. This strength and growth of Avalanche can be seen in its yearly price increase of 255.76%. Recently, the Avalanche Foundation announced its intention to invest largely in meme coins. We’ll be exploring this report, and Meme Moguls' potential to lead meme coins into a new revolution.

Avalanche (AVAX) Looks to Fully Embrace and Expand the Meme Culture

The Avalanche Foundation is utilizing its Culture Catalyst program to empower creators, promote innovation, and expand blockchain adoption, with a specific focus on recognizing and supporting the cultural significance of meme coins within the Web3 space.

On December 29, the Avalanche Foundation shared on X that they’ll be dedicating $100 million to support and invest in certain meme coins on the Avalanche crypto blockchain. This move is part of their broader goal to encourage new forms of art, cultural identity, and lifestyle choices using blockchain technology.

This initiative named "Culture Catalyst," started last year to empower creators, spark innovation, and make blockchain tech more widespread. Avalanche emphasizes that meme coins are more than just functional assets – they represent a shared spirit and interests across different crypto communities.

Avalanche wants to choose meme coins that meet specific criteria like having a good number of holders, enough liquidity, project maturity, and positive social sentiment. Not all meme coins will make the cut for their investment portfolio.

Meme Moguls (MGLS) May End Up Evolving the Usual Meme Coin Narrative With Focus on Utility 

Meme Moguls (MGLS) is not just another meme coin based on hype and gags. Just like Avalanche, it is a revolutionary platform poised to redefine the meme coin landscape. 

Unlike the majority of meme coins driven solely by hype, $MGLS, the utility token behind Meme Moguls, brings unprecedented utility as an in-game currency and governance token within the ecosystem, making it one of the top crypto coins in the meme coin market.

By immersing yourself in the Meme Moguls game, you're not just playing; you're learning how to invest and build wealth in a fun and engaging way. The simulated investing feature allows you to compete with friends, complete challenges, and earn real cash prizes and meme rewards, providing a unique educational experience.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">MOGULS!! 🔥<br><br>Are you ready to change the landscape? 🧑‍🌾 With one of the biggest airdrops of 2024 👀 Get ready!! <a href="https://twitter.com/search?q=%24MGLS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MGLS</a> Farming. Coming soon… <a href="https://t.co/9UPUeV5klt">pic.twitter.com/9UPUeV5klt</a></p>&mdash; Meme Moguls (@meme_moguls) <a href="https://twitter.com/meme_moguls/status/1733077444930703567?ref_src=twsrc%5Etfw">December 8, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Meme Moguls goes beyond individual success; it fosters a community-driven environment with tournaments, head-to-head contests, and a wealth leaderboard that shares cash prizes among the top players. 

The introduction of rare NFT characters further enhances the gaming experience, offering unique trading conditions and monetization opportunities. The Moguls World metaverse and staking options provide additional layers to the ecosystem, creating a comprehensive and immersive experience. 

Meme Moguls isn't just leading meme coins or one of the top crypto coins to emerge soon; it's pioneering a new era, combining entertainment, education, and community engagement to usher in a revolution in the meme coin space. You can join the revolution for only $0.0025.

Visit Meme Moguls

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