Binance Labs, the venture capital and incubation arm of Binance, has invested in Memecoin (MEME), the native ecosystem token of Memeland, the Web3 venture studio by 9GAG, the globally popular meme platform. Memecoin is also Binance's 39th new launchpool project, which allows Binance users to stake their BNB, TUSD and FDUSD into separate pools to farm MEME tokens over 30 days, starting from October 28, 2023.
An independent Web3 venture studio of 9GAG
Memeland's core focus is on building and investing in SocialFi and creator economies with the aim of connecting creators and communities through its MEME token and NFTs by leveraging the meme internet culture. Memeland serves as an independent Web3 venture studio of 9GAG, which has a monthly audience of 200 million users worldwide across its channels. The team behind Memeland has over fifteen years of experience building community-based products with the mission of bringing ownership to every community in the world.
A Land of NFTs and Memes
Memeland has launched three NFT collections, including You The Real MVP, The Captainz, and The Potatoz since June 2022. Beyond its NFTs and MEME token, Memeland offers MEME Farming and has plans to introduce several upcoming features and services.
These features are aimed at enhancing user experiences and promoting community involvement, including unique NFT staking mechanisms, social networks for community members to collaborate, and liquid staking of ETH. The vision is for Memeland to evolve into a fully-decentralized, community-driven platform, where current NFT holders will have access to govern the Memeland DAO.
A Game-changer for SocialFi
"We are thrilled to partner with Binance Labs and bring Memecoin to the Binance Launchpool, where millions of users can access and farm our token. Memecoin is a game-changer for SocialFi, as it allows us to leverage the power and popularity of memes in a seamless way," said Ray Chan, the co-founder and CEO of Memeland.
Binance Labs has invested in and incubated more than 100 projects from over 25 countries since 2018, including industry-leading projects such as 1inch, Audius, Axie Infinity, Dune Analytics, Elrond, Injective, Polygon, Optimism, The Sandbox, and STEPN. Binance Labs closes a new 500 million USD investment fund with support from leading global institutional investors in June 2022, with the goal of discovering and supporting projects and founders with the potential to build and lead Web3 across DeFi, NFTs, gaming, Metaverse, social, and more.
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