TL;DR
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One of many business massive canine, the Avalanche Basis, has simply introduced it’s shopping for up tens of millions of {dollars} price of meme cash.
Why? ‘For the tradition.’
It’s fairly nuts.
That mentioned, meme cash have an fascinating dichotomy within the Web3 house…
On one hand, they carry in a ton of latest customers and visitors. However, on the opposite, they’re extraordinarily unstable and sometimes fueled by pure hype, with no actual utility.
So then why are we surprisingly enthusiastic about this?
Okay, hear us out…
Bear in mind the present Scared Straight – the place dad and mom would ship their mis-behaving children to go to jail, and have them ‘scared straight’?
Nicely, to us, seeing meme cash embraced by a significant undertaking like Avalanche, feels akin to these mis-behaving children, visiting jail.
You alter their atmosphere → you modify the way in which they behave → you modify the way in which the remainder of the world sees them.
Take Dogecoin for instance: it was created as a joke, however turned an increasing number of resilient because it was endorsed by an increasing number of folks through the years.
And it seems to be like that is the trajectory Avalanche needs to set for different meme cash.
The muse plans on buying cash that attain sure requirements and expectations, however are additionally seen as culturally related.
It’s bizarre. However we like bizarre!
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