‘CoinMarketCap for Memetic Content material’ Raises $5 Million

In short

  • Meme.com is making a platform to assist customers measure the worth of memes.
  • The thought has sparked curiosity amongst varied traders, touchdown the brand new market $5 million.

A gaggle of blockchain-focused enterprise capital funds and angel traders have injected $5 million into Meme.com, a brand new market for meme cryptocurrencies and non-fungible tokens (NFTs).

The platform’s traders embody Outlier Ventures, Digital Finance Group (DFG), Morningstar, Blockhype, Spark Digital Capital, CEO of cell developer Altitude Video games Gabby Dizon, and Polygon (MATIC) co-founder Sandeep Nailwal.

Meme.com will let customers mint “memetic tokens” whose value will likely be based mostly on the perceived worth of tendencies or memes they symbolize. Every month, the most effective memes will likely be awarded bonuses similar to particular NFT artworks.

“We consider that humor and memes have the facility to attach folks and create distinctive shared experiences, united by a typical tradition,” stated Mattias Tyrberg, whose job title is described merely as “Stonks at Meme.com” on LinkedIn. One other worker, Tom Kennedy, is the “Honey Badger at Meme.com.”

Every worker has chosen a meme as an alternative of a proper title on the firm, in line with Tyrberg. 

Tyrberg can be co-founder of MarbleCards, a card sport that turns URLs into NFT-based buying and selling playing cards. He argues that memes are the Web’s “lingua franca”—or a common bridge language—and “Meme.com is {the marketplace} the place the dialog begins.”

Meme.com turns web laughs into funding

In the end, Meme.com builders plan to create a “CoinMarketCap for memetic content material” with charts and timelines the place customers can evaluate every meme and pattern. Advertising supplies shared with Decrypt additionally recommend that customers will have the ability to stake meme tokens to entice the neighborhood to develop a particular meme.

“We consider that memes and meme markets, similar to Meme.com, are a promising and modern option to empower customers who discover or create tendencies,” stated Joanna Liang, head of funding at DFG.

The platform will even embody “meme cash” like DOGE and SHIB, which have each surged in reputation over the previous months and contributed hundreds of thousands of {dollars} to the crypto market’s liquidity. 

Tesla and SpaceX CEO Elon Musk has been an enormous drive behind this pattern, following varied tweets and claims about Dogecoin. 

For traders in Meme.com, this pattern is right here to remain.

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