The team members who previously worked at the extremely popular meme site, 9GAG, now known as Memeland, created the Web3 startup lab. According to data, the Web3 company’s token sale for Memeland (MEME) reached $10 million in commitments just 42 minutes after going live on Thursday. Community members previously had the opportunity to complete various activities to enter a waiting list for sale access.
However, as of Thursday, the tokens were set as “No function. No roadmap. No commitment. There’s no material return expectation. Just 100% humor.”
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Even though all the tokens have already sold out, the team plans to continue the sale until Friday morning, allowing users previously added to the waiting list to access the tokens. The team that founded 9GAG, a popular humor sharing and news site, created Memeland and influential investors, like YCombinator, have backed it. Memeland offers a few unique tokens and applications that combine metaverses, gaming, and NFTs. Metaverses refer to virtual spaces operating on a blockchain that usually uses a token for transactions.
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