Learn About 9GAG NFT Project, Memeland (MEME)

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8 Jan 2024

Home to millions of users searching for memes , 9GAG suddenly launched an ambitious project, Memeland. This project enters the NFT realm and brings a new token , namely MEME. Like DOGE, SHIB, and PEPE, MEME is included in the memecoin category. In this article we will take a deeper look at what Memeland is and why it is getting quite a lot of attention from the NFT community.

Article Summary

🖼️ Memeland is a Web3 platform managed by 9GAG. This platform has three interconnected NFT projects, namely You The Real MVP, The Captainz, and The Potatoz.
🤑 Memeland aims to build a creator economy and focuses on the SocialFi sector, by connecting creators and communities through creativity, memes and NFTs.
📑 MEME is the token of the Memeland platform. In the whitepaper it is written that MEME does not have a clear use and roadmap . MEME tokens exist solely for the entertainment of their owners.
🚧 The Memeland development team is developing several Web3 platforms such as Holders.com , GMGM.com , Stakeland, Petsland and the metaverse project Treasure Islandz.

What is Memeland (MEME)?

Source: Memeland

What is Memeland? Memeland is a Web3 platform managed by 9GAG. 9GAG is an online entertainment platform that provides funny content in the form of memes. Founded in 2008, 9GAG is the largest meme community on the internet with millions of active users.

Memeland has the main concept of NFT. However, Memeland is not just about NFT collectibles. It is an ecosystem involving a membership system, DAO , and Web3 principles.

This platform aims to build a creator economy and focuses on the SocialFi sector, by connecting creators and communities through creativity, memes and NFTs.

Memeland has three interconnected NFT projects, namely You The Real MVP, The Captainz, and The Potatoz. All three are included in the Memeland ecosystem and become entry tickets to events in it.

Memeland has a token, namely MEME. This token was launched on November 3, 2023. MEME was also launched on Binance Launchpool which allows users to farm MEME by staking BNB, TUSD, or FDUSD.

The launch of the MEME token entitled “AHOY!” held in Hong Kong for three days. 9GAG and Memecoin investor Newman Group stepped in to kick off the launch campaign. This event is also supported by the Hong Kong SAR Government, InvestHK, MTR, and Cyberport.

Andras Arato (center), known as the Hide the Pain Harold meme, was a surprise guest at the launch of the MEME token in Hong Kong. Source: Marketing-Interactive .

Memeland NFT Project

In the Memeland ecosystem, there are three main NFTs that serve not only as collectibles, but also as assets to enter the world of Memeland and earn rewards. The three NFTs are You The Real MPV, The Potatoz, and The Captainz.

1. You The Real MPV

Source: OpenSea

NFT You the Real MVP is an OG Memeland collection consisting of 420 gold trophies. This NFT was minted in June 2022 at a price of 5.3 ETH or 6,535 US dollars at that time.

MVP NFT holders have premium membership with exclusive access to the Memeland Discord, priority in NFT drops, in real life (IRL) events, and other exclusive collaborations. MVP NFT holders also get first-hand information as 'insiders' about upcoming Memeland features.

2. The Potatoz

Source: OpenSea

The Potatoz is a collection of 9,999 Profile Picture (PFP) NFTs that offer rare uses and traits . These NFTs can evolve in 5 stages and change shapes inspired by internet memes and pop culture. This NFT was launched with a free minting system in June 2022 to MPV NFT owners. In less than 69 days, The Potatoz became a top 150 collection on OpenSea.

Holders of The Potatoz NFTs can collect tickets to enter weekly prize draws, earn allowlists, NFT drops, access to IRL events, and more.

3. The Captainz

Source: OpenSea

The Captainz NFT is a collection of 9,999 PFPs featuring internet memes and pop culture. The Captainz collection represents the premier tier of membership in Memeland. Holders have exclusive uses and perks, including MEME airdrops and access to Treasure Islandz.

Holders of these NFTs also have access to Memeland DAO. Memeland DAO access allows NFT holders to participate in decisions regarding Memeland's treasury , partnerships, and governance rules.

Memeland features Potion Hunt, a weekly prize draw. To participate, users can find potions by becoming a Super Crew (1 MVP + 9 Captains + 27 Potatoz) and a Full Crew (1 Captain + 3 Potatoz). Unfortunately, this feature is temporarily discontinued.

MEME Tokens (Memecoin)

Memecoin or MEME is a platform token from the Memeland ecosystem that is compatible with the ERC-20 token standard . Based on information from its whitepaper , MEME has no clear function, use, or intrinsic value. The MEME token exists for entertainment purposes.

Source: Memeland

MEME tokens were launched via Binance Launchpool on October 28, 2023. Then, MEME can officially be traded on November 3, 2023, along with an airdrop of MEME tokens to Memeland NFT holders.

MEME has a total supply of 69 billion tokens. Token allocation can be seen in the image above. Of the total tokens, there are already 8.7 billion MEME or 12.75% in circulation. The MEME token is ranked 154th on CoinMarketCap with a market cap of 230 million US dollars.

At its launch, MEME's price touched 0.022 US dollars with a daily trading volume of 18 million US dollars. Currently (21 November 2023), the price of MEME is at the level of 0.027 US dollars with a daily trading volume of 179 million US dollars.

Memeland Roadmap (MEME)

Source: Memeland

In Memeland's whitepaper , it is clearly written that it lacks a clear roadmap , usability, and profit expectations. The Memeland development team wrote that MEME is 100% just a meme token.

However, the Memeland team is developing several Web3 platforms that could improve the experience for the community. The platforms under development are the travel service at Holders.com , the video sharing service at GMGM.com , the staking application Stakeland, and the pet-specific platform, Petsland.

Memeland NFT as an Investment Option

One of the most interesting aspects of Memeland is the storytelling embedded in its NFTs. NFTs in Memeland are not just digital assets; they are part of a compelling narrative.

If you are a fan of meme NFTs, Memeland could be an interesting choice. While the humorous, community-focused approach to memes won't be for everyone, this project has the potential to be very popular in certain circles.

In addition, Memeland is also supported by prominent figures in the community, including 9GAG founder Ray Chan, as well as prominent investors such as Moonbirds founder Kevin Rose and VeeFriends CEO Gary Vaynerchuk.

After launching the MEME token in early November 2023, the next project the community is eagerly awaiting is Treasure Islandz . This is a metaverse project that promises interesting stories and locations.

Not only that, another project to pay attention to in the future is Stakeland . Stakeland is a staking protocol that will expand Memeland's staking mechanism through the evolution of Potatoz NFTs.

Conclusion

Memeland is a Web3 platform managed by 9GAG, renowned as the largest meme community on the internet. The Memeland ecosystem involves three NFT projects: You The Real MVP, The Potatoz, and The Captainz. In addition to NFTs, Memeland has a platform token, MEME, which is launching in early November 2023.

The Memeland NFT project is not just a digital collectible, but rather part of a compelling narrative. Memeland has the potential to be an interesting option for meme NFT fans, supported by prominent figures in the community. While there is no clear roadmap for the MEME token, the project is developing several additional Web3 platforms.