Blockchain Startup Polygon, Meme.com Partner To Drive Mainstream Adoption of Meme-Based Token Market

Announcements, Blockchain, News | August 4, 2021 By:

Meme.com, a bespoke marketplace for meme-based NFTs and tokens, has announced that it has launched on Polygon and will collaborate with Polygon Studios.

Meme.com enables users to build their Meme Token portfolio, sponsor their favorite memes, and earn rewards for supporting the best performing memes on the market. Users mint tokens based on the perceived value of the meme they represent, while others can stake the tokens for additional rewards. Some of the most popular memes will be available to invest in on the platform, including Doge, Harold, Pepe, Distracted Boyfriend, Grumpy Cat, and many more.

Polygon is Ethereum’s “internet of blockchains,” with its protocol allowing the building and connecting of various Ethereum-compatible blockchain networks, creating a multi-chain Ethereum ecosystem. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence.

Polygon already works with the majority of today’s major blockchain-based Web 3.0 games and NFT projects, including Decentraland, Opensea, Sandbox, Somnium Space, Decentral Games and has 5x more gaming and NFT Dapps than any other chains at around 300+. Therefore, the decision for Meme.com to choose Polygon to help drive mainstream adoption of the meme-based marketplace came naturally.

According to Polygon, Meme.com will leverage Polygon Studios’ extensive NFT expertise to help grow the meme token marketplace. Polygon Studios, backed by a $100 million treasury fund, will support the Meme.com team with access to investment, marketing, technology, and a community base.

“We’re proud to be facilitating a wealth of opportunity for NFTs through Polygon Studios,” said Shreyansh Singh, Head of Gaming & NFT at Polygon. “Meme.com represents an innovative avenue for the monetization of memes. And given the importance of scalability and reliability in the world of decentralized finance (DeFi), gaming, and NFTs, Polygon fits the bill perfectly.”

Johan Unger, Co-Founder of Meme.com, said that they want meme aficionados to be able to have fun with their passion, while also being able to monetize it.

“We believe bringing the worlds of memes, tokens and NFTs together could unlock a new form of content creation, and curation – that rewards people both creatively and monetarily,” Unger said.