Binance Labs, the venture arm of the leading cryptocurrency exchange Binance, has announced its investment in Memeland. This web3-focused venture studio aims to bring ownership to every community worldwide. Memeland is also the latest project to join Binance’s launch pool platform, where users can stake their BNB, BUSD, or MEME tokens to earn rewards.
Memeland is a venture studio that builds and invests in social products for the community, with the community. It connects creators and communities through creativity, memes, and NFT. The team behind 9GAG, one of the most popular online platforms for user-generated content and memes, founded Memeland.
Memeland’s first product is Potatoz, a collection of 10,000 unique NFTs that represent the different personalities and cultures of the internet. Potatoz are randomly generated from over 200 traits and have various rarities. Each Potato is also a membership card that grants access to exclusive benefits and events in the Metaverse, such as airdrops, games, and collaborations.
Memeland’s second product is Captainz, a gamified social network that allows users to create and join crews, compete in quests, and earn rewards. Captain is powered by the MEME token, which is used for governance, staking, and utility. MEME holders can also participate in the Memeland DAO, a decentralized autonomous organization that decides the future direction of the Metaverse.
Binance Labs Backs Memeland: Metaverse Innovation Unleashed
However, Binance Labs supports innovative projects that use blockchain technology to solve real-world problems and create positive social impact. Binance Labs provides access to Binance’s ecosystem, network, and resources, such as the Binance Smart Chain, Binance Launchpad, and Binance Academy.
Binance Labs has invested in over 100 projects across various sectors, including DeFi, NFT, gaming, infrastructure, and security. Some notable projects backed by Binance Labs include Audius, Axie Infinity, Dapper Labs, Injective Protocol, and PancakeSwap.
Binance Labs admired Memeland’s vision, team, and products, believing it could emerge as a premier web3 venture studio for meme enthusiasts. Binance Labs also said that it will support Memeland’s growth and development and looks forward to seeing more innovative and fun products from Memeland in the future.
Memeland expressed honor and excitement in partnering with BNB Labs, sharing Binance’s mission to enhance financial freedom and empower users through blockchain technology. Memeland also said it hopes to leverage Binance’s expertise, experience, and community to bring more value and joy to the Metaverse.
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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.
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