Crypto news for Memeland, a Web3-based project that has secured $10 million in funding soon after its launch.
Notably, this Web3 venture capital lab is the result of the efforts of former members of the 9GAG team, known for creating a popular meme site. See below for full details.
Summary
Web3 Memeland project reaches $10 million after launch: latest crypto updates
As expected, the sale of Web3 Memeland’s MEME tokens has reportedly reached $10 million in pledges within 42 minutes of activation.
Previously, community members were able to complete various tasks to be placed on a waiting list that would allow them access to the sale.
However, since the day of the sale, the tokens have been distributed without any specific benefit, roadmap, promise or expectation of financial return, focusing 100% on the essence of the memes.
Although the sale has already sold out, it is expected to continue until Friday morning, when users on the waiting list will be able to access the tokens.
As previously mentioned, Memeland was created by the founding team of 9GAG, a popular meme and news sharing site with major investors including YCombinator.
The platform offers various non-fungible tokens (NFTs) and applications that converge metaverses, games and NFTs. Recall that metaverses are virtual environments that operate on the blockchain, often using tokens for transactions.
Upcoming Memeland platforms include Holders.com‘s travel services, video-sharing platform GMGM.com, cryptocurrency betting application Stakeland and Petsland, a service focused on pets.
More Web3 news: Mastercard and collaboration with MetaMask and Ledger
Mastercard, the payments giant and global credit card issuer, is actively collaborating with self-storage wallet providers to extend the reach of Web3.
In particular, the two leading wallets, MetaMask and Ledger, have become strategic partners in this initiative.
According to reports, Mastercard has stated that these partnerships could result in significant benefits for both the card issuer and the crypto wallets.
In addition, partnering with Mastercard offers wallet providers the valuable opportunity to access a large and established customer base, while Mastercard could enrich its customers’ experience by offering them a wider range of cryptocurrency-related payment options.
In addition to these benefits, such collaborations can play an important role in accelerating the adoption of Web3 and cryptocurrencies in general. MasterCard and its issuing partners could help cryptocurrency wallet companies overcome resource barriers by providing infrastructure and core competencies.
In addition, the payments giant is exploring innovative solutions to make global card adoption easier and more convenient by leveraging stablecoins and low-cost blockchains.
In a similar vein, it has been reported that MetaMask and Ledger have partnered with renowned online payment service PayPal to facilitate access to crypto, allowing users to easily convert their digital assets into fiat currency.
It should be noted that Ledger, the hardware wallet manufacturer, recently launched a new recovery service, although this has drawn criticism from some parts of the crypto community who argue that this could undermine the company’s commitment to privacy and security.
