Memeland's $10M Token Sale: A 42-Minute Web3 Success

Web3 project Memeland, developed by the team behind the renowned meme site 9GAG, has achieved $10 million in token sale commitments within just 42 minutes of launching.

In a Nutshell:

Memeland's token sale reached $10 million in commitments within 42 minutes of its launch. The sale remains open until Friday morning, allowing previously waitlisted users to access the tokens. Memeland, created by the 9GAG team, ventures into NFTs, metaverses, gaming, and blockchain-based virtual lands. The token sale for Memeland (MEME), a Web3 project developed by the creators of 9GAG, attracted $10 million in commitments in an astonishingly short 42-minute timeframe. Community members were given the opportunity to join a waitlist by completing various activities, granting them access to the sale. The tokens, as described, come with "No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes." While the initial allocation is already sold out, the sale is set to continue until Friday morning, allowing previously waitlisted users to participate in acquiring the tokens. Memeland, initiated by the team behind 9GAG, an influential meme-sharing and news site with the support of investors like YCombinator, delves into the world of non-fungible tokens (NFTs) and various applications that bridge metaverses, gaming, and NFTs.

Metaverses represent virtual realms operating on a blockchain, often utilizing tokens for transactions. (photo source: Memecoin - X)