Avalanche Foundation Snaps Up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
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The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
Layer-1 network Avalanche has failed to produce a block for more than an hour, Ava Labs co-founder Kevin Sekniqi said the issue “seems to be related to a new inscription wave.”
Avalanche’s AVAX was one of the few crypto assets that dipped in price over the past week as the token will undergo a $365 million unlocking event scheduled this week.
The firm tested a variety of use cases through Avalanche’s subnet with a focus on private markets.
The Avalanche booth at HBC 2022 (Danny Nelson/CoinDesk)
“These coins, often inspired by internet culture and humor, go beyond mere utility assets,” the foundation said.
November brought explosive gains for altcoins as a wide range of smaller cryptocurrencies outperformed bitcoin, prompting call for an altcoin season.
Republic Crypto is launching R/Note, a tokenized security whose owners get payouts from the company’s venture exits. It will live atop the Avalanche blockchain.
The newest viral application launched nearly a week ago and quickly gained a cult following.
Google’s cloud-computing business has stored historical data on Bitcoin since 2018, claiming the service provides faster access than can be obtained directly from the blockchain.