Jaeson Ma, the co-founder of NFT platform OP3N, announced in a tweet on Friday that Avalanche has launched a $100 million Culture Catalyst Initiative in collaboration with OP3N and Grimes. The initiative will focus on funding amazing NFT projects in music, film, entertainment, gaming and digital art on the Avalanche blockchain.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.
AVAX has up by less than 6% of its value so far today and currently trades at $90.84 per coin.