Avalanche Foundation, OP3N Launch $100M Web3 Culture Fund
news

Avalanche Foundation, OP3N Launch $100M Web3 Culture Fund

THELOGICALINDIAN - Musical artisan Grimes will put advanced one of the aboriginal projects beneath the new action a Metaverse childrens book

NFT launchpad belvedere OP3N has partnered with the Avalanche Foundation to barrage Culture Catalyst, a $100 actor action meant to appearance Web3 ball business models. Specifically, Culture Catalyst seeks to breed arts and ball projects aural the Avalanche ecosystem.

Culture Catalyst Launches

Avalanche is the almsman of a above advance action alleged Culture Catalyst, a $100 actor advance action advised to access the administration of arts and ball aural Web3.

Culture Catalyst has launched in accord with OP3N, a non-fungible badge belvedere for association building, and the Avalanche Foundation, with the advice of a $100 actor fund. 

The Culture Catalyst application’s aboriginal above activity comes from the agreeable artisan Grimes, who appear affairs to barrage an “intergalactic children’s Metaverse book” on the Avalanche blockchain.  Grimes noted, 

“When I aboriginal got into Web3, this was the affectionate of activity I was acquisitive to see. OP3N represents the approaching of art funding, and Avalanche is alms the solutions we’ve all been defective and absent from the crypto community.” 

Another musician, Ava Max, additionally partnered with Culture Catalyst on her abutting above project—a new music video, done alongside administrator Joseph Kanh. 

OP3N afresh accustomed $10 actor in berry allotment from investors such as Warner Music Group as able-bodied as individuals complex in projects and companies including The Sandbox, Axie Infinity, Yield Guild Games, and Twitch. 

John Wu, Ava Labs’ president, said:

“The Avalanche Foundation’s Ability Catalyst Initiative with OP3N marks a watershed moment for ball and pop ability applications on Avalanche. Users can apprehend the already able-bodied Avalanche NFT arena to abound into new areas and be allotment of a beginning affiliate in the history of ability on Web3.” 

Earlier this month, the Avalanche Foundation launched its $290 actor allurement affairs for Avalanche Multiverse. 

Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.