"Memecoins have become a central crypto market driver, dictating much of the on-chain volume and shaping the culture integral to crypto's identity," a representative for GraFun told CoinDesk.
"Establishing GraFun Labs will enable the next wave of memecoin projects to realize their full potential," a team member added regarding the initiative's goals.
"Memecoin projects with a strong narrative and unique approach are encouraged to apply to Growth Program through GraFun Labs' online submission form," highlighting the types of projects they aim to support.
GraFun, with its 'Fair Curve' mechanism, aims to minimize rug-pull risks and reduce price manipulation, contributing to healthier market conditions for new memecoins.
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