ChainCatcher news, according to official information, the Avalanche Foundation has announced the establishment of the infraBUIDL(AI) Program committee.It is reported that the committee members are experts from AI and blockchain institutions and organizations, including executives from projects such as Aethir, Kite AI, and Ava Labs, who are responsible for reviewing applications for the infraBUIDL(AI) Program.Avalanche previously launched the infraBUIDL(AI) Program, aimed at providing up to $15 million in direct funding and post-funding to accelerate AI development within the Avalanche ecosystem.

ChainCatcher news, former board member of the Avalanche Foundation Omer (@demirelo) released a statement on the X social platform confirming that three board members, including Aytunç Yildizli and Vikram Nagrani, officially resigned from the board of the foundation and its subsidiaries earlier this week.Among them, executive director Aytunç Yildizli ceased to perform his duties on February 28, 2025, after which the board has been in a wait-and-see mode, trying to find a way forward.Omer stated, "During the past 18 months of my and Aytunç Yildizli's and Vikram Nagrani's tenure, we have driven several important initiatives, including establishing the Avalanche Foundation's brand image, releasing the first annual report, launching incentive programs such as infraBUIDL () and infraBUIDL (AI), and developing the AiFRED project. We also focused on strengthening internal coordination within the ecosystem and shifting the growth strategy towards new market development and strategic partnerships. This collective voluntary resignation decision is 'well-considered,' and we will continue to pay attention to the development of the Avalanche ecosystem in the future, wishing all the best for the Avalanche ecosystem and community."

ChainCatcher news, according to official sources, Aethir and the Avalanche Foundation have announced a strategic partnership aimed at promoting AI innovation within the Avalanche ecosystem. Aethir has an annual recurring revenue of $91 million and possesses powerful computing resources with over 400,000 GPU containers.Through this collaboration, Aethir will leverage a $100 million ecosystem fund to provide computational resource support for AI innovation projects within the Avalanche ecosystem. Aethir will also join the infraBUIDL (AI) project committee to help select funded projects and promote the integration of AI with decentralized infrastructure.

ChainCatcher news, according to official sources, the Avalanche Foundation has launched the InfraBUIDL () funding program to provide direct and retrospective funding for core infrastructure developers.It is reported that the supported project types include but are not limited to withdrawal, validator node market, virtual machines, wallets, oracles, interoperability tools, cryptography, cross-chain, browsers, RPC, data storage, indexers, and token engineering, and applications are now open.

ChainCatcher news, according to The Block, the Avalanche Foundation announced that it has completed the buyback of 1.97 million AVAX tokens held by the Luna Foundation, valued at approximately $52 million, officially ending its partnership with the collapsed Terra blockchain.This buyback was approved by the bankruptcy court, concluding the token redemption plan of the Avalanche Foundation since the failure of Terra. The Avalanche Foundation plans to use the funds from this buyback for community incentives, technology incubators, and ecosystem development, further promoting the continuous growth and innovation of the Avalanche network.

ChainCatcher news, the Avalanche Foundation has launched the Avalanche Card, which allows users to pay with tokens such as WAVAX, USDC, sAVAX at places that accept Visa, and comes with both a physical card and a virtual card. The card is initially issued in Latin America and the Caribbean, and users can now join the waiting list.

ChainCatcher news, the Avalanche Foundation stated in a post on X that it has reached an agreement to repurchase all AVAX tokens sold to the Luna Foundation Guard (LFG) before April 2022, and is currently awaiting approval from the bankruptcy court.This move ensures that LFG will not violate the original agreement regarding the restrictions on the use of the tokens, and protects the tokens from the complexities of liquidation by the bankruptcy trustee, while returning 1.97 million AVAX to the foundation's holdings.

ChainCatcher news, ZK order book trading platform Vessel has completed a $10 million seed round financing, with participation from Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures, Incuba Alpha, and a number of angel investors.The funds from this round of financing will be used to: combine the efficiency of CEX with the transparency of DEX, improve liquidity efficiency, and develop advanced ZKP solutions for DeFi.

ChainCatcher message, Trader Joe posted on platform X that the Avalanche Foundation has distributed the rewards for the first week of the Memecoin Rush unilateral staking program, with a total of 10,000 AVAX (approximately $500,000). The rewards are allocated to 10 staking pools based on the percentage of the total value locked (TVL) and the snapshot token supply. Participants can claim their rewards directly from the staking pools they participated in, or they can let the rewards accumulate throughout the event.

ChainCatcher news, the Swiss Web3 game studio 7 Digital Labs announced the completion of a $4 million seed round financing, which was participated by the Avalanche Foundation, Merit Circle, and Citizen Capital. This round of financing will be used to complete the development and release of the Web3 game BloodLoop.It is reported that BloodLoop is a shooting game based on the Avalanche subnet, where players can collect NFTs in each match, compete against each other to climb the leaderboard, and earn BLS rewards.

ChainCatcher news, the Avalanche Foundation is launching the Avalanche Community Grant Program, which encourages projects and developers to build within the continuously evolving Avalanche ecosystem. The foundation will collaborate with Gitcoin, the largest and longest-running Web3 grant program, to allocate grant funds to match community donations and support crowdfunding within the ecosystem.For the first time, the Avalanche community can play a direct role in deciding which projects the foundation will fund. Submissions for the first round of grants will open on March 26. Any team or individual that has contributed to the Avalanche ecosystem in the past or plans to contribute in the future is eligible to apply.The Avalanche Community Grants will be conducted in multiple rounds, each with its own criteria, deadlines, and funding limits. Each round will utilize a combination of Gitcoin grant stacks as well as secondary and retroactive funding to optimize the grant program.

ChainCatcher news, according to official sources, the Avalanche Foundation has announced the launch of the liquidity mining incentive program Memecoin Rush, which has now started and will be implemented in multiple phases. It is reported that the Memecoin Rush incentive fund amounts to 1 million dollars, aimed at helping to expand liquidity and drive momentum, primarily targeting the community coin ecosystem on Avalanche.

ChainCatcher news, the Avalanche Foundation stated in an official blog that it currently holds 5 community tokens, namely Coq Inu, Gecko, Kimbo, NoChill, and Tech.In addition, the Avalanche Foundation stated that the initiative to support community tokens is ongoing, and it will take flexible actions and seek appropriate adjustments to the qualification criteria for community tokens to support projects that may have been building tools for the Avalanche ecosystem earlier but have credibility.

ChainCatcher news, according to CoinDesk, the Avalanche Foundation has announced new rules for purchasing Meme tokens. According to the released "Eligibility Framework," Avalanche will only consider Meme tokens that are native to the Avalanche blockchain, while tokens reserved for team allocations or cloned from other blockchains will not be accepted, and the creating team is required to relinquish ownership of the minting contract.In addition, the Avalanche Foundation will not recognize tokens that are hoarded by large whales, launched without security company audits, or without a whitelist. Although there is some flexibility in the rules, meeting these conditions does not guarantee a purchase.

ChainCatcher news, according to the official announcement, the Avalanche Foundation has launched the Culture Catalyst program, aimed at empowering creators, promoting blockchain adoption, and supporting potential new forms of creativity and culture on the blockchain.It is reported that the foundation plans to recognize and encourage the culture and fun represented by these coins by purchasing selected Avalanche-based meme coins, expanding its participation in the Avalanche ecosystem, including NFTs and RWAs. The selection of collectibles/meme coins will be based on multiple criteria, including the number of holders, liquidity, project maturity, fair launch principles, and overall social sentiment.

ChainCatcher news, Avalanche stated on social media that the Avalanche Foundation will support the Meme sector through the Culture Catalyst grant program. By purchasing selected Meme tokens based on Avalanche to create a collection series, it aims to recognize and encourage the culture and fun represented by the Meme ecosystem, while also supplementing the Avalanche Foundation's investment portfolio in the ecosystem. The requirements for selecting Meme projects include: number of holders, liquidity thresholds, project maturity, fair launch principles, and overall social sentiment.In addition, the Culture Catalyst grant program launched last year primarily focused on categories of crypto assets such as Gas tokens, DeFi tokens, real-world assets (RWA), NFTs, stablecoins, and governance tokens.

ChainCatcher news, the Avalanche Foundation has announced the launch of the "Ted Yin" grant program, which will advocate for and fund the development of open-source software projects based on the Avalanche public blockchain.It is reported that the program is named after computer scientist "Ted Yin" to honor his contributions to the Avalanche ecosystem.

ChainCatcher message, according to the community governance forum, the Avalanche Foundation has initiated a proposal to deploy the Aave protocol on Avalanche.After the community accepted this proposal, it presented an initial asset and configuration list for validating the deployment, including WAVAX, WETH, WBTC, AAVE, DAI, USDT, USDC.