Since its inception, Meme.com, the platform where users could mint tokens depending on the perceived value of the memes they represent, has attracted the attention of the NFT community and blockchain investors. Many have also termed the project as something that could be seen as the baby of Wikipedia and Dogecoin, two immensely popular digital entities.
Owing to the enthusiasm built around it, the platform raised US$5 million from blockchain-focused VCs, such as Outlier Ventures, Digital Finance Group, Morningstar, Blockhype, Spark Digital Capital, and others. The CEO of Altitude Games, Gabby Dizon, and Polygon Co-founder Sandeep Naliwal backed Meme.com as well.
The platform had already started with Marble. Cards, a place to create and collect cards based on websites. And now, rising to the expectation and excitement it has generated in the market, Meme.com is all set to launch its Beta Version. The platform plans to leverage the viral power of memes to unlock the potential of crypto-economics.
Starting With Seven
The users will leverage the platform to create, buy, and sell Meme tokens. Using their Memecoin ($MEM), users can create and buy these tokens. However, these tokens have to be unique. It should not be an entity that is already there. The Beta launch will see seven unique tokens to start. Called Genesis, these seven tokens are named after seven popular memes. The platform will release them in batches over a couple of weeks. The names of these Genesis meme tokens are This is Fine, Distracted Boyfriend, Wojak, Pepe, Hide the Pain Harold, KEK, and Doge. Curating a meme token means buying and holding it, believing in the meme, its relevance, and its potential to create value over time for the Meme community.
Other than value appreciation, the meme tokens also make their holders eligible for meme quests. There are different types of quests, and the objective of these quests is to drive engagement and value around the meme ecosystem. A completed meme quest would result in unlocking rewards. The rewards here are exciting meme art created by top NFT creators, backed by the Meme token community.
The completion of a quest would depend on a Meme Token reaching enough volume of $MEM locked, combined with the number of holders. Each quest level would be tougher than the earlier one.
The platform will also encourage the discovery of data and sharing of knowledge around NFTs. The stories could center around the origin of the NFTs, their popularity, and other NFT activities and speculations. Meme.com has plans to come up with many other developments in the future.
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2021-07-28 14:58:56
