Musical artist Grimes will put forward one of the first projects under the new initiative, a “Metaverse” children’s book.
Culture Catalyst has launched in partnership with OP3N and the Avalanche Foundation in a $100 million initiative.
Grimes and Ava Max will be releasing content on OP3N as early contributors.
The Avalanche Foundation announced another nine-figure development initiative earlier this month.
NFT launchpad platform OP3N has partnered with the Avalanche Foundation to launch Culture Catalyst, a $100 million initiative meant to shape Web3 entertainment business models. Specifically, Culture Catalyst seeks to cultivate arts and entertainment projects within the Avalanche ecosystem.
Culture Catalyst LaunchesAvalanche is the beneficiary of a major investment initiative called Culture Catalyst, a $100 million investment initiative designed to influence the direction of arts and entertainment within Web3.
Culture Catalyst has launched in collaboration with OP3N, a non-fungible token platform for community building, and the Avalanche Foundation, with the help of a $100 million fund.
The Culture Catalyst application’s first major project comes from the musical artist Grimes, who announced plans to launch an “intergalactic children’s Metaverse book” on the Avalanche blockchain. Grimes noted,
“When I first got into Web3, this was the kind of project I was hoping to see. OP3N represents the future of art funding, and Avalanche is offering the solutions we’ve all been needing and wanting from the crypto community.”
Another musician, Ava Max, also partnered with Culture Catalyst on her next major project—a new music video, done alongside director Joseph Kanh.
OP3N recently received $10 million in seed funding from investors such as Warner Music Group as well as individuals involved in projects and companies including The Sandbox, Axie Infinity, Yield Guild Games, and Twitch.
John Wu, Ava Labs’ president, said:
“The Avalanche Foundation’s Culture Catalyst Initiative with OP3N marks a watershed moment for entertainment and pop culture applications on Avalanche. Users can expect the already robust Avalanche NFT scene to grow into new areas and be part of a fresh chapter in the history of culture on Web3.”
Earlier this month, the Avalanche Foundation launched its $290 million incentive program for Avalanche Multiverse.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
NFT Express: Your on-ramp to the world of NFTs
At Tatum, we’ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy…
Avalanche Foundation Announces $290M for “Multiverse” Prog…
Mar. 8, 2022
The Avalanche Foundation has launched a $290 million incentive program called Multiverse to promote its new “Subnet” functionality. The Subnets’ intended utility is to encourage the development of a vibrant…
1inch Heads to Avalanche and Gnosis Chain
The decentralized exchange aggregator 1inch has launched on Avalanche and Gnosis Chain. 1inch Grows Multi-Chain Presence 1inch Network has announced another expansion. The decentralized exchange aggregator has deployed its contracts…
Aave V3 Heads to Ethereum Layer 2, Fantom, Avalanche
Aave has launched its V3 update. The upgrade will initially be deployed on Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony with Ethereum to follow in the future. Aave Unveils V3…
Leave a Reply