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Memeland NFT Surge as token launch approaches
Memeland, a venture backed by 9Gag, doesn’t seem to mind the bear market. The impending launch of the MEME token acted as a catalyst for a significant increase in Memeland’s NFTs. In particular, the Captainz collection saw a dramatic 365% increase in trade volume. Everyone within a single day of the token launch announcement.
TL;DR
- Memeland, backed by 9Gag, launches the MEME token. It led to a 365% increase in the trading volume of the Captainz NFT collection.
- The token launch is strategically aligned with the changing regulatory landscapes globally, with Hong Kong’s crypto-friendly environment providing a significant advantage to Memeland.
- Memeland’s NFTs, including the Captainz and Potatoz collections, are expected to experience significant value and liquidity shifts.
What is the Memeland NFT Ecosystem?
The introduction of the MEME token was teased Twitter by 9GAGCEO, CEO of 9GAG, Monday. The token is designed to establish a unique ecosystem, seamlessly merging Memeland’s NFTs.
Memeland’s token launch is strategically timed and aligned with the changing global regulatory landscapes. While the US struggles with regulatory uncertainties, Hong Kong is moving forward and fostering a crypto-friendly environment.
This gives Memeland a significant advantage. It contributes to the potential as a sustainable player in the NFT market.
Even before MEME’s official unveiling, the impact of Memeland’s token was felt on the platform’s trading activities. For example, Memeland’s NFTs, including Captainz and Potatoz, experienced notable fluctuations in trading volume.
CaptainZ and Potatoz’s NFT on the rise
According to DappRadar NFT tracking, the Captainz NFT collection recorded an impressive increase in trading volume on June 8. It generated $1.15 million, marking a 365% increase in one day. Meanwhile, Potatoz peaked its trading volume later on June 10, reaching over $244,000.
In addition, unclaimed waitlist codes associated with Potatoz and Captainz NFTs helped maintain their floor prices. These codes provide an additional incentive for potential buyers.
Furthermore, Memeland’s NFTs are at the core of the platform’s unique social stake mechanism. Going forward, Memeland’s strategic initiatives – from the timing of the token launch to social staking mechanisms – set it apart in the NFT landscape.
In conclusion, with an impending token launch, a flexible response to regulatory changes and unique trading dynamics, Memeland is poised to become a game-changer in the NFT ecosystem.
