Binance Labs has announced an investment in Memecoin (MEME), the native token of the Memeland ecosystem. Memeland focuses on leveraging meme internet culture to connect content creators and communities through SocialFi and creative economies, utilizing MEME tokens and NFTs.
Memeland operates as an independent Web3 venture studio under the popular meme platform 9GAG, which boasts a global monthly user base of 200 million. The team behind Memeland has over fifteen years of experience in creating community-based products with a mission to bring ownership to communities worldwide.
Beyond NFTs and MEME tokens, Memeland offers MEME Farming and plans to introduce various features and services in the future. These include unique NFT staking mechanisms, social networks for community collaboration, and fully liquid ETH staking, aimed at enhancing user experiences and encouraging community engagement.
The vision for Memeland is to transform into a fully decentralized, community-focused platform where existing NFT holders will have governance access to the Memeland DAO.
Following Binance Labs’ investment announcement, the price of the MEME token surged, rising from approximately $0.024 to $0.031. Currently, the MEME token is trading at $0.0304, marking a 7.35% increase in the last 24 hours and a 5.41% gain over the past week.