{"id":196233,"date":"2021-08-04T17:00:23","date_gmt":"2021-08-04T16:00:23","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=196233"},"modified":"2021-10-16T02:38:53","modified_gmt":"2021-10-16T01:38:53","slug":"move-over-shiba-inu-shib-a-meme-token-marketplace-is-coming-to-polygon","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/move-over-shiba-inu-shib-a-meme-token-marketplace-is-coming-to-polygon\/","title":{"rendered":"Move over Shiba Inu (SHIB), a meme token marketplace is coming to Polygon"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Layer-2 scaling protocol <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/polygon\/\"><span style=\"font-weight: 400;\">Polygon<\/span><\/a><span style=\"font-weight: 400;\"> announced today that Meme.com, a marketplace for meme-based NFTs and tokens, has launched on Polygon following their successful IDO and will collaborate with Polygon Studios to leverage the team\u2019s extensive NFT expertise to help grow the meme token marketplace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meme.com has developed a new meme-centric mode of investing, allowing users to track the perceived value of memes and trade different <\/span><i><span style=\"font-weight: 400;\">Meme Tokens<\/span><\/i><span style=\"font-weight: 400;\"> on its platform.<\/span><\/p>\n<h2><b>NFTs abound on Polygon<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Polygon already works with the majority of today\u2019s 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+. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, the decision for Meme.com to choose Polygon to help drive mainstream adoption of the meme-based marketplace came naturally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Via Meme.com, users can 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In comments, Johan Unger, co-founder of Meme.com, said, \u201cWe want meme aficionados to be able to have fun with their passion, while also being able to monetize it.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He added, \u201cwe believe bringing the worlds of memes, tokens, and NFTs together could unlock a new form of content creation, and curation \u2013 that rewards people both creatively and monetarily.\u201d<\/span><\/p>\n<h2><b>How Shiba Inu and Dogecoin led the meme token frenzy<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This year, many classic memes have been sold as NFTs for staggering sums of money. These include the iconic and beloved <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/shiba-inu\/\"><span style=\"font-weight: 400;\">Shiba Inu<\/span><\/a><span style=\"font-weight: 400;\">, Doge \u2014 the very same responsible for the first-ever meme tokens, <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/dogecoin\/\"><span style=\"font-weight: 400;\">Dogecoin<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The original Doge meme sold for $4 million in Ethereum\u2014clocking in at the most expensive meme ever sold. The similarly popular \u201cNyan Cat\u201d meme sold for $590,000, and \u201cDisaster Girl\u201d amassed a dizzying $500,000 price tag.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In January 2019, Meme.com had rolled out its first asset class layer, MarbleCards \u2013 a platform allowing anyone to create unique NFT-based digital cards via URLs. Every web page can be marbled only once and by one person only, meaning once a card is created, the NFT for that URL is claimed forever.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meme.com earlier this year raised $6 million from blockchain-focused venture capital funds including Outlier Ventures, Digital Finance Group, Morningstar, Blockhype, and Spark Digital Capital, among others.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Angel investors Gabby Dizon, CEO of Altitude Games, and Polygon co-founder Sandeep Nailwal also invested to support the future of the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The importance of scaling and reliability in DeFi, gaming, and NFT communities is not only of the utmost importance but fundamental to growth and adoption. With a robust full-stack scaling solution, Polygon is the natural solution for Meme.com to easily onboard the DeFi, gaming, and NFT communities to join in creating the Meme Token markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Polygon Studios was recently launched by Polygon to boost awareness and adoption of NFTs. The studios shipped with a $100 million fund dedicated to supporting gaming-related NFT projects.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Layer-2 scaling protocol Polygon announced today that Meme.com, a marketplace for meme-based NFTs and tokens, has launched on Polygon following their successful IDO and will collaborate with Polygon Studios to leverage the team\u2019s extensive NFT expertise to help grow the meme token marketplace. Meme.com has developed a new meme-centric mode of investing, allowing users to [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":196197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,77032,76232,6849],"tags":[75502,74035,76892,76872],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Move over Shiba Inu (SHIB), a meme token marketplace is coming to Polygon<\/title>\n<meta name=\"description\" content=\"Many classic memes have been sold as NFTs for staggering sums of money. 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