In a strategic move, Binance Labs, the venture capital and incubation arm of Binance, recently announced an investment in Memeland’s native ecosystem token, Memecoin (MEME). Memeland, an independent Web3 startup studio associated with the famous meme platform 9GAG, is gaining a foothold in the SocialFi and creator economies. Inspired by vibrant meme internet culture, the startup aims to bridge creators and communities using the MEME coin project and NFTs. Here are the details…
Meme coin supports content creators
An offshoot of 9GAG, the popular meme platform with a staggering monthly user base of 200 million, Memeland brings a wealth of experience to the table. With a team with over fifteen years of expertise in community-driven product development, Memeland is on a mission to embrace every community around the world. Memeland’s core offering goes beyond MEME tokens and NFTs. The platform offers innovative features such as MEME Farming designed to improve user experiences and encourage community engagement. Memeland’s roadmap includes the implementation of unique NFT staking mechanisms, collaborative social networks for community members, and the introduction of liquid staking for ETH.
Memeland envisions evolving into a fully decentralized, community-driven platform. Existing NFT holders will play a key role in the governance of the Memeland DAO, reinforcing the platform’s commitment to community empowerment and decentralized decision-making. Memecoin (MEME) forms the backbone of Memeland’s NFT ecosystem. As a native token, MEME powers the platform’s efforts in SocialFi and the creative economy.
MEME price first soared, then fell
Binance Labs’ recent investment announcement sparked notable market movement, with MEME experiencing a significant increase of over 20%. Currently trading at $0.027, market sentiment remains positive despite the subsequent decline, underscoring the community’s excitement for Memeland’s vision and the potential of the MEME coin. Binance Labs’ strategic investment in Memecoin positions Memeland as a key player in shaping the future of SocialFi and creative economies in the ever-evolving landscape of blockchain and Web3 initiatives.
The collaboration between Binance Labs and Memeland holds the promise of driving innovation and fostering a vibrant community-driven ecosystem as the platform continues to roll out new features and services. As a result, Memeland offers MEME Farming beyond NFTs and the MEME token. It also plans to introduce many upcoming features and services. These features aim to improve user experiences and encourage community engagement, including unique NFT staking mechanisms, social networks where community members can collaborate, and liquid staking of ETH.
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