Move over Shiba Inu (SHIB), a meme token marketplace is coming to Polygon

Layer-2 scaling protocol Polygon introduced as we speak that Meme.com, a market for meme-based NFTs and tokens, has launched on Polygon following their profitable IDO and can collaborate with Polygon Studios to leverage the crew’s in depth NFT experience to assist develop the meme token market.

Meme.com has developed a brand new meme-centric mode of investing, permitting customers to trace the perceived worth of memes and commerce completely different Meme Tokens on its platform.

NFTs abound on Polygon

Polygon already works with the vast majority of as we speak’s main blockchain-based Internet 3.0 video games and NFT initiatives, together with Decentraland, Opensea, Sandbox, Somnium Area, Decentral Video games and has 5x extra gaming and NFT Dapps than every other chains at round 300+.

Due to this fact, the choice for Meme.com to decide on Polygon to assist drive mainstream adoption of the meme-based market got here naturally.

Through Meme.com, customers can construct their Meme Token portfolio, sponsor their favourite memes, and earn rewards for supporting the best-performing memes in the marketplace. Customers mint tokens based mostly on the perceived worth of the meme they characterize, whereas others can stake the tokens for extra rewards.

Among the hottest memes shall be obtainable to spend money on on the platform, together with Doge, Harold, Pepe, Distracted Boyfriend, Grumpy Cat, and plenty of extra.

Polygon Studios, backed by a $100 million treasury fund, will help the Meme.com crew with entry to funding, advertising, expertise, and a group base.

In feedback, Johan Unger, co-founder of Meme.com, mentioned, “We would like meme aficionados to have the ability to have enjoyable with their ardour, whereas additionally having the ability to monetize it.”

He added, “we imagine bringing the worlds of memes, tokens, and NFTs collectively may unlock a brand new type of content material creation, and curation – that rewards individuals each creatively and monetarily.”

How Shiba Inu and Dogecoin led the meme token frenzy

This 12 months, many traditional memes have been offered as NFTs for staggering sums of cash. These embody the long-lasting and beloved Shiba Inu, Doge — the exact same answerable for the first-ever meme tokens, Dogecoin.

The unique Doge meme offered for $4 million in Ethereum—clocking in at the costliest meme ever offered. The equally in style “Nyan Cat” meme offered for $590,000, and “Catastrophe Woman” amassed a dizzying $500,000 price ticket.

In January 2019, Meme.com had rolled out its first asset class layer, MarbleCards – a platform permitting anybody to create distinctive NFT-based digital playing cards through URLs. Each net web page will be marbled solely as soon as and by one individual solely, which means as soon as a card is created, the NFT for that URL is claimed ceaselessly.

Meme.com earlier this 12 months raised $6 million from blockchain-focused enterprise capital funds together with Outlier Ventures, Digital Finance Group, Morningstar, Blockhype, and Spark Digital Capital, amongst others.

Angel buyers Gabby Dizon, CEO of Altitude Video games, and Polygon co-founder Sandeep Nailwal additionally invested to help the way forward for the platform.

The significance of scaling and reliability in DeFi, gaming, and NFT communities is just not solely of the utmost significance however basic to progress and adoption. With a sturdy full-stack scaling answer, Polygon is the pure answer for Meme.com to simply onboard the DeFi, gaming, and NFT communities to hitch in creating the Meme Token markets.

Polygon Studios was not too long ago launched by Polygon to spice up consciousness and adoption of NFTs. The studios shipped with a $100 million fund devoted to supporting gaming-related NFT initiatives.