TL;DR
Full Story
One of many trade huge canines, the Avalanche Basis, has simply introduced it’s shopping for up thousands and thousands of {dollars} value of meme cash.
Why? ‘For the tradition.’
It’s fairly nuts.
That stated, meme cash have an fascinating dichotomy within the Web3 area…
On one hand, they create in a ton of latest customers and site visitors. However, on the opposite, they’re extraordinarily risky and infrequently 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 youngsters to go to jail, and have them ‘scared straight’?
Properly, to us, seeing meme cash embraced by a significant undertaking like Avalanche, feels akin to these mis-behaving youngsters, visiting jail.
You modify their surroundings → you alter the way in which they behave → you alter the way in which the remainder of the world sees them.
Take Dogecoin for instance: it was created as a joke, however grew to become increasingly resilient because it was endorsed by increasingly individuals through the years.
And it appears like that is the trajectory Avalanche desires 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!
