With the rapid development of blockchain technology, digital currency and decentralized finance (DeFi) products are emerging one after another. Among them, the rise of the Metaverse and NFT has injected new vitality into the cryptocurrency market. Today, we will discuss a recently popular project - MemeCoin (MEME), which is a Web3.0 ecosystem launched by the globally popular meme platform 9GAG.
First, let’s understand the background of MemeCoin. MemeCoin is an ecosystem token based on Memeland, a web3.0 creative studio established by 9GAG. The word Meme originates from Greek, meaning "a contagious small unit of change". In the context of the Internet, it specifically refers to popular culture elements on social networks. As a funny picture and video sharing platform, 9GAG has a huge user base. Now, 9GAG has entered the metaverse, closely integrating the Internet and blockchain worlds through MemeCoin, an ecological token.
Next, let’s dive into the three key parts of the MemeCoin project. The first is the MVP series, which was sold out in a blind auction in June 2022, with a total of 420 units and a final price of 5.3 ETH. The floor price shot up to 44.4ETH and is now back down to around 40ETH. An MVP is defined as a premium member of the Memeland ecosystem, enjoying future benefits such as two Memeland Captainz NFT airdrops, whitelisting of all future Memeland and 9GAG projects, and the MVP role in the project's Discord.
Followed by the Potatoz series, launched in July 2022, with a total of 9,999 units. Potatoz is defined as Memeland’s base membership. With the launch of the Captainz series, the floor price of Potatoz once shot up to more than 3 ETH. Currently, Potatoz has become part of the Memeland metaverse game, providing players with a pass into the game world.
Finally, there is the Captainz series, which will be released in January 2023. A total of 9,999 PFP sets. Treasure Mapz will be obtained by participating in the casting, and Mapz can be earned through soft staking during the Captainz reveal stage. The Captainz series is a unique NFT project that provides players with a rich interactive experience and reward mechanism by combining the metaverse with social networks.
In addition, Memeland’s metaverse plan has also attracted much attention. According to the official overview, Memelands will offer treasure islands, unknown seas, giant sea monsters, pirate crews, launchers and other elements, each of which is presented with stylish and visually appealing images. The current rough guess is that the metaverse game + social platform provides players with a new way of interaction and social experience.
To sum up, MemeCoin (MEME) is a project full of energy and potential. It combines the Internet and blockchain technology to create a metaverse platform that provides creators and players with rich interactive experiences and reward mechanisms. As the new favorite of Binance LaunchPool, MemeCoin rose from 0.001 to 0.1 when it was first launched, and is now back to around 0.02. Its market value has reached 175 million, and its ranking has directly entered 165th. For investors who like the Metaverse and NFTs, MemeCoin is undoubtedly a project worth paying attention to.
Conclusion: By deeply understanding the background, three key parts and metaverse planning of MemeCoin (MEME), we can see the project’s innovative attempts in the Internet and blockchain fields. As an emerging project, MemeCoin has broad development prospects and market potential. Investors can continue to follow the progress of the project in order to seize potential investment opportunities.
