Memeland is a community of meme lovers where users can share, create and discuss their favorite meme content. With the emergence of collections like MVP, The Captainz and The Potatoz, Memeland has become extremely popular in the NFT market.
Recently, Memeland also had interesting updates in the ecosystem when changing the image appearing on The Potatoz and planning to launch the MEME token. Let’s find out all about it with Weakhand in this article.
What is Memeland?
Memeland is an NFT ecosystem that leverages Meme culture and combines it with the power of NFTs. Memeland is developed by 9GAG – a Hong Kong-based meme-centric entertainment platform launched in 2008. Since then, 9GAG has built over 200 million followers across media platforms their different societies.
In April 2022, 9GAG wanted to enter the web3 space and launched Memeland. At the core of Memeland is building and investing in social products for the community. They strive to connect creators and the community through their NFT collections and also the upcoming MEME token.
What is memeland?
Although supported by 9GAG, Memeland still strives to be a decentralized and community-driven platform that aims to gradually transform Memeland into a decentralized autonomous organization (DAO). This approach is also the trend of Web3 projects and empowers the community to actively participate in building and developing Memeland.
Projects in Memeland Ecosystem
Projects in the Memeland ecosystem
Up to now, Memeland has had achievements in its ecosystem with three NFT collections including: MVP, The Captainz and The Potatoz. In addition, Memeland also owns a large community that is not inferior to any project in the market. Let’s explore the details of the projects in the Memeland ecosystem.
You The Real MVP
You The Real MVP is the first collection launched by Memeland in June 2022. The collection includes 420 NFTs featuring mythical golden trophies in different shapes. You The Real MVP owners get access to the Memeland ecosystem including: Upcoming information and events, private access to the Memeland Discord MVP Lounge, IRL events,…
Memeland released the collection through a private auction with each NFT priced at 5.3 ETH. In seven days, You The Real MVP generated over 900 ETH in revenue and despite the bear market You The Real MVP still saw growth and now the floor price has reached 55 ETH.
The collection also represents the top tier of Memeland’s economy and is a clear signal to the NFT community that 9GAG’s Web3 arm aims to build a project to compete with some of the more popular projects. most prominent on the scene.
The Potatoz
After the success of You The Real MVP, Memeland continued to release its second collection called The Potatoz in July 2022. The free collection includes 9,999 NFTs featuring potato-themed characters inspired by memes and pop culture, and serves as a grassroots starting point for the International Memeland.
The potato theme comes from 9GAG’s longstanding tradition of rewarding readers of long meme posts on the site with an image of a potato with the text “sorry for the long post, this is a potato west” at the top. Early collectors can “grow” Potatoz NFT theirs, a process similar to the “nesting” process of Moonbirds. To grow it from stage 0 to stage 5, holders need to Stake their NFT Potatoz. The higher their level, the more likely they are to receive benefits as the Memeland economy expands (through future sale events and Memeland tokens called MEME tokens).
The Captainz
After experiencing success with two collections in 2022, Memeland continues to launch the third collection in its ecosystem called The Captainz. The collection includes 9,999 NFTs depicting pirate captains and their crew embarking on a journey to find legendary treasure.
The amenities and perks for holders of The Captainz have yet to be fully revealed, and the artwork remains a mystery. Memeland points out that holders of The Captainz will receive benefits related to MEME tokens and Treasure Islandz – their upcoming project rumored to be Memeland’s metaverse experience.
Memeland Releases New Image For The Captainz
After a period of construction and development, on July 2, 2023, Memeland officially launched new images for NFTs in The Captainz collection. The special point is that it is revealed that The Captainz is built as one “Smart PFP” next generation.
Memeland also revealed the launch of the Traitables Protocol and TraitStore that allow for the creation of different traits for The Captainz as well as a scoring scale for each trait. Memeland looks forward to the participation of the community in creating and developing The Captainz.
Memeland launches new images for The Captainz collection
The Captainz’s new style reminds me of ERC 6551 – a standard that can help original NFTs be equipped with additional items and accessories, and perhaps Memeland is trying to catch up with this new trend. But in the early period since its launch, The Captainz is facing difficulties with community approval and there are some errors in changing the character’s characteristics. Memeland is working on improving and rewarding 0.069 ETH for a bug discovered by the community.
Overall, Memeland is aiming for The Captainz to be a collection with endless creativity. Each NFT owner can create their own brand, and whether NFTs become valuable or not depends on each person’s creativity.
Disclosures Surrounding the MEME Token
Immediately after releasing a new image for The Captainz, a few days later on July 9, 2023, Memeland continued to reveal information about the MEME token. According to information from the team, the total supply of MEME tokens is 69,000,000,000 Tokens and all owners of MPV, The Captainz and The Potatoz will receive an airdrop with the reward point distribution process as follows:
AllowList (AL) Spots
- Human Captainz: 1X
- Shark Captainz: 2X
- Kraken Captainz: 2X
- Kong Captainz: 3X
- Kaiju Captainz: 3X
- Alien Captainz: 10X
- MVP: 12X
WaiTList (WL) Spots
- Potatoz: 1X
- Waitlist: 1X
With this information from the development team, it is likely that we will soon see the MEME Token appear on the market and many users in the Memeland community are excitedly waiting for the official launch date of the MEME token.
summary
Memeland has a new direction targeting users who love meme culture. The fact that The Captainz is built as a “Smart PFP” brings innovation not only in the Memeland ecosystem but may become a trend in the future.
In addition, the upcoming MEME token, in my opinion, only has the purpose of rewarding users who own MVP, The Potatoz and The Captainz and does not have much other meaning because the team has announced on its website that the MEME token is simply a Meme Coin and has no utility whatsoever. On top of all the interesting innovations in recent times, Memeland is perhaps one of the notable names in the NFT market.
