Web3 Revolution: Memeland, Spearheaded by 9GAG Team, Raises $10 Million in Minutes After Launch

The team behind the popular meme-sharing platform 9GAG has ventured into the world of Web3 with the creation of Memeland, an innovation hub focused on blockchain-based technologies.

In an astounding display of interest, the token sale for Memeland (MEME), the Web3 venture, reached a remarkable $10 million in commitments merely 42 minutes after its official launch, according to available data.

New Quest is up! You have 24 hours. ⏳

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???? Excuse me Sir/Madam, do you have a moment to talk about @Memecoin? $MEME is literally a meme coin. No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes. ????

— Memeland ❤️ Memecoin (@Memeland) October 23, 2023

Community members had the opportunity to engage in various activities that granted them a coveted spot on the waitlist, ensuring their participation in the token sale. Importantly, the tokens associated with Memeland have been described as having "No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes."

Although the initial sale allocation has been fully subscribed, the sale is slated to continue until Friday morning, providing previously waitlisted individuals with an opportunity to acquire these unique tokens.

The team behind Memeland shares its origins with the creators of 9GAG, a platform celebrated for sharing memes and curating news content. With early support from influential investors like YCombinator, 9GAG is well-established in the online entertainment space. Memeland is now actively engaged in developing diverse non-fungible token (NFT) platforms and applications that blend the elements of the metaverse, gaming, and NFT technology.

In the context of Memeland's ambitious ventures, the term "metaverses" refers to virtual environments that operate on blockchain technology, often employing tokens as a means of exchange and interaction.

Publicly disclosed information hints at forthcoming Memeland-affiliated platforms, including Holders.com, a travel service; GMGM.com, a video-sharing platform; Stakeland, a crypto staking application; and Petsland, a dedicated service catering to pet and animal enthusiasts. These platforms represent the project's broader efforts to explore the potential of Web3 and its intersection with various aspects of the digital realm.

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