Memeland Review: 9GAG's Interesting NFT Project
In 2008, 9GAG emerged as one of the earliest pioneers in internet meme culture, capturing the hearts of millions with its collection of silly pictures and videos. At its zenith, the site boasted over 70 million monthly visitors, cementing its status as a meme institution.
Unlike many of its early social media counterparts, 9GAG has navigated a remarkable transformation, steering into the uncharted waters of the web3 era. A substantial investment has been poured into “Memeland,” a groundbreaking project teeming with innovation. Their goal? To bridge their storied past with cutting-edge technological advancements.
Now, the meme juggernaut is boldly venturing into the realm of web3, commencing with the launch of their Memeland NFTs. The allure of Memeland lies in its promise of glory, fortune, love, and the finest memes concealed on the mythical treasure island in the Broken Sea.
Currently, the project boasts two NFT collections, namely ‘You The Real MVP’ and ‘The Potatoz.’ These serve as preludes to the impending release of their flagship NFT collection, ‘Memeland Captains.’ As the world anticipates the treasures yet to be unveiled in Memeland, 9GAG’s transition from meme culture originator to web3 trailblazer underscores the ever-evolving nature of internet culture and technology. Next, this Memeland Review article will learn about the purpose of this project.
Sponsored by the popular internet humor hub, 9GAG, Memeland is led by 9GAG CEO Ray Chan and presents a fusion of meme culture and NFTs in a novel manner. It’s not just another NFT project; it’s an ecosystem with a broader vision.
At the heart of Memeland is the concept of NFTs with humorous themes, weaving the essence of internet humor into the world of non-fungible tokens. Memeland stands out from similar social media NFT projects, such as Reddit NFT, due to its approach that offers a diverse and deep well of creativity. While Reddit NFT mainly focuses on creating NFTs based on Reddit avatars, Memeland delves deeper, introducing a variety of NFT collections with a touch of humor.
One of the most captivating aspects of Memeland is the storytelling embedded within its NFTs. These NFTs are not just digital assets; they form a part of a fascinating and legendary narrative. The project has ambitious plans to transition into a virtual world, expanding its economic ecosystem.
Memeland envisions creating collections that are based on small NFT trends, granting individual creators control over their NFTs. This empowers users to modify and evolve their NFTs, turning them into truly unique digital pieces of art.
But Memeland is not just about NFT collections. It’s a multifaceted ecosystem comprising elements like a membership system, DAO (decentralized autonomous organization), and the principles of Web3. Memeland is on a mission to build and invest in social products that bridge the gap between creators and the community through MEME tokens and NFTs, fostering a strong sense of connectivity and collaboration.
Now, the Memeland ecosystem is set to expand even further with its partnership with Binance Launchpool. Users will have the opportunity to stake their assets, including Binance Coin (BNB), TrueUSD (TUSD), and FDUSD, into separate pools for MEME token farming. This 30-day farming event, commencing at 00:00 UTC on October 28, opens the door for crypto enthusiasts to participate in the Memeland ecosystem and potentially reap rewarding benefits.
As an exciting development, Binance plans to list the MEME token at 0:00 on November 3. The trading pairs will include MEME/BTC, MEME/USDT, and MEME/BNB, thereby increasing the value and potential for traders and investors alike through seed tokens. The following Memeland Review article will help you clearly understand the project’s ecosystem.
Within the vibrant Memeland ecosystem, the focus mainly revolves around three main NFT collections, each contributing to the platform’s unique charm. These collections are “You The Real MVP,” “The Potatoz,” and “The Captainz.” These NFTs serve as more than just digital collectibles; they are keys to an exciting world of engagement and rewards. Each collection has its own purpose, theme and price point.
The “You The Real MVP” collection represents the pinnacle of Memeland’s NFT offerings. Comprising 420 golden trophies, these NFTs hold the key to a world of exclusive opportunities. Ownership of a “You The Real MVP” NFT grants entry to the exclusive MVP Memeland Discord bar and real-life events. Beyond that, it offers a unique chance to network with a diverse community of collectors, creators, and entrepreneurs. MVP owners also gain invaluable insider knowledge about upcoming Memeland releases, offering a sneak peek into the platform’s future.
With such an array of benefits, it’s no surprise that “You The Real MVP” NFTs come at a premium price point. During their initial release via blind auction, each NFT commanded a substantial price of 5.3 ETH. These exclusive NFTs have quickly become prized possessions for those who seek not only NFTs but a vibrant community and unique opportunities.
The “Potatoz” NFT collection pays homage to a long-standing internet tradition of concluding lengthy meme posts with an image of a potato and the phrase, “Sorry for the long post, this is a potato.”
Intriguingly, the “Potatoz” collection stands out by offering many of its NFTs for free. On July 20, 2022, a total of 9,999 potatoes were distributed to the community. What makes this collection truly remarkable is the ability for community members to evolve their Potatoz through six distinct stages. As these Potatoz evolve, they acquire various traits and personalities inspired by famous memes on 9GAG and pop culture.
Beyond the whimsical evolution, users can stake their Potatoz for additional benefits, such as priority access to upcoming distributions and the potential to earn cryptocurrency in the future. This blend of humor and interaction has made the “Potatoz” collection a unique addition to the Memeland ecosystem.
Building on the success of “You The Real MVP” and “The Potatoz,” Memeland has unveiled “The Captainz,” a collection of 9,999 NFTs featuring captains and their crew. Similar to “The Potatoz,” owners of “The Captainz” NFTs have the opportunity to stake their NFTs to facilitate the development of their characters.
What sets “The Captainz” apart is the significant influence these NFTs have within the Memeland ecosystem. These NFTs grant holders the power to participate in the Memeland DAO, shaping the platform’s future. Captainz owners are integral in making critical decisions concerning financial resources, partnership selection, and governance rules. As Memeland evolves, it promises a special place in its virtual world for Captainz owners, emphasizing their unique role in the platform’s future.
The project has invested significant effort into constructing an ecosystem that revolves around these digital assets, promising an engaging and rewarding experience for NFT holders. The first of these initiatives is Raids, a gamified experience that not only encourages active participation but also bestows benefits upon NFT holders, demonstrating Memeland’s commitment to enhancing user engagement.
In addition to its focus on NFT utility, Memeland is gearing up for a series of exciting projects, all designed to elevate the web3 experience for its growing community. Here’s a sneak peek into some of the upcoming ventures:
MEME, a digital token adhering to the ERC-20 token standard, stands in stark contrast to the multitude of cryptocurrencies with intricate use cases and grand promises. In its essence, MEME token is devoid of functions, utility, intrinsic value, or any pledge of financial return, profit, interest, or dividends.
There is no formal roadmap for this digital token, and there is no assurance or expectation of any ecosystem being constructed around it. MEME token is, in simple terms, devoid of any tangible utility or value.
MEME, by its very nature, is characterized by its sheer uselessness. It exists purely for entertainment purposes, a digital token conceived for the sheer joy of whimsy in the world of cryptocurrency. This unorthodox approach, while atypical in the world of blockchain and digital assets, offers a unique perspective on the role of tokens in the cryptocurrency space.
MEME can be earned via the Binance Launchpool, which will begin deploying on October 28. This Launchpool will be active for 30 days and will accept BND, TUSD, and FDUSD.
MEME will also be listed on Binance on November 3rd, featuring trading pairings of MEME/BTC, MEME/USDT, and MEME/BNB. Then go to Binance and begin trading MEME.
Spearheaded by 9GAG, a renowned Chinese media empire with a substantial online presence, the Memeland project has garnered attention for its intriguing blend of Web2 and Web3 technologies, all while nurturing the global meme culture.
The Memeland venture, initiated by 9GAG, traces its roots back to the heart of Web2. 9GAG, a name synonymous with internet humor and satire, embarked on this innovative journey, despite its traditional market origins. The mere entry of this Web2 heavyweight into the realm of Memeland has ignited the curiosity of the online community.
Web2.0 introduced the world to a new era of internet culture, with the rise of “memes” becoming a pivotal part of social networking. These bite-sized, humorous, and satirical images quickly spread across the web, and 9GAG played a crucial role in their development over the past decade.
With over 40 million Facebook followers, nearly 60 million Instagram followers, and 17 million Twitter followers, 9GAG’s influence is undeniable. The platform allows users to effortlessly create and share meme images, facilitating the dissemination of internet culture.
9GAG also collaborates with various brands to curate collections of humorous memes, which has further propelled meme culture into the mainstream. Memes, with their unique ability to convey information in an engaging visual format, have effectively created a new language on the internet.
The success of previous meme-inspired tokens such as PEPE, FLOKI, and DOGE has added to the anticipation surrounding the Memeland launch, fulfilling the desires of meme enthusiasts. Recently, the project also raised an amount of up to $10 million after just 42 minutes of launching the token sale, showing the great attraction of Memeland.
One noteworthy aspect of Memeland lies in its thoughtful tokenomics. The project boasts a reasonable token allocation strategy, allocating up to 25% for a Community Airdrop and dedicating 20% to the contributors. The phased release of contributor tokens indicates a commitment to long-term sustainability, ensuring that even after the Binance Launchpool phase ends, the project will remain robust and active.
Backed by the influence of 9GAG, a dominant figure in Web2 meme culture, Memeland holds substantial promise for long-term survival and growth, especially as it ventures into the next uptrend in the market. For those interested in meme-related NFT investments, Memeland presents a compelling opportunity. While its unique sense of humor and community-driven focus may not cater to everyone’s taste, it’s poised to captivate a dedicated niche of investors.
Furthermore, Memeland has garnered support from key figures in the industry. Founded by Ray Chan, the mastermind behind 9GAG, the project has also attracted noteworthy investors, including Moonbirds founder Kevin Rose and VeeFriends CEO and creator Gary Vaynerchuk.
Since the launch of the Memeland DAO and NFT collections, the project has witnessed remarkable growth. The Captainz, a prominent NFT collection within Memeland, has at times rivaled prestigious counterparts like Bored Ape Yacht Club and CryptoPunks. Bolstered by a vibrant community, substantial capital investment, and a leadership team deeply attuned to internet culture, Memeland is positioned to curate a diverse portfolio of top-tier NFTs.
This project will not have a roadmap, according to 9GAG. Instead, every activity will lead to their ultimate goal of connecting Web2 and Web3 and empowering creators along the way. With a strong track record stretching back to 2008, this project should be in good hands.
The Memeland ecosystem will likely grow in the near future. Their website has clearly hinted at various future initiatives that would provide users with extra opportunities. Meanwhile, the platform plans to go beyond NFT production by launching a series of SocialFi products that mix social networking with DeFi. Hopefully Coincu’s Memeland Review article has helped you get an overview of the project.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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