Meme-based Web3 project, Memeland, has secured $10 million in funding shortly after its launch. The project is a venture capital lab created by former members of the 9GAG team, known for their popular meme site. The sale of Memeland’s MEME tokens reached $10 million in pledges within 42 minutes of activation. Community members had the opportunity to complete various tasks to be placed on a waiting list for access to the sale. The tokens are being distributed without any specific benefit or expectation of financial return, focusing solely on the essence of memes.
Memeland offers various non-fungible tokens (NFTs) and applications that combine metaverses, games, and NFTs. Metaverses are virtual environments operating on the blockchain. Upcoming platforms include travel services from Holders.com, video-sharing platform GMGM.com, cryptocurrency betting application Stakeland, and Petsland, a service focused on pets.
Mastercard Collaborates with MetaMask and Ledger
Mastercard is collaborating with self-storage wallet providers MetaMask and Ledger to expand the reach of Web3. These partnerships offer benefits for both Mastercard and the wallet providers. Wallet providers gain access to a large customer base while Mastercard can offer its customers a wider range of cryptocurrency-related payment options. The collaboration can also accelerate the adoption of Web3 and cryptocurrencies in general.
Mastercard is exploring solutions to make global card adoption easier by leveraging stablecoins and low-cost blockchains. MetaMask and Ledger have also partnered with PayPal to facilitate access to crypto and allow users to convert their digital assets into fiat currency. However, Ledger’s recent launch of a recovery service has received criticism from some in the crypto community who argue it undermines privacy and security.
Hot Take: Memeland Raises $10 Million After Launch
Memeland, a Web3 project created by former members of the 9GAG team, has successfully raised $10 million in funding soon after its launch. The sale of MEME tokens reached the impressive milestone within just 42 minutes of activation. Unlike other token sales, Memeland’s focus is solely on memes and does not promise any financial return. The project offers various NFTs and applications that combine metaverses, games, and NFTs. This success highlights the growing interest in meme culture within the crypto space and demonstrates the potential for innovative projects in the Web3 ecosystem.
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