India’s Meme-Creating Platform Launches NFT Marketplace January 24, 2022 January 24, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 24, 2022 by Kelly Cromley

India’s Meme-Creating Platform Launches NFT Marketplace

MemeChat, India’s meme-creating portal famed for infectious memes, has developed The Meme Club (TMC) – a non-fungible token marketplace – in a first-of-its-kind effort to increase the monetary possibilities of memes in the blockchain environment. The site will enable meme makers, collectors, and others to purchase and trade memes internationally through NFT (non-fungible tokens).

For memes that started on MemeChat, establishing original rights is a simple and painless procedure. After establishing ownership and registering the meme, the author may monetize it by enrolling it as an NFT and then offering it on the marketplace, either directly or via an auction.

One of the club’s primary USPs is assisting artists in recognizing the true potential of meme trends and gaining access to the resources necessary to make them a reality. TMC allows community members to vote collaboratively on what will become popular in the future.

MemeChat, aided by cutting-edge technology, will execute a plan to ensure that the memes achieve a particular viral level. TMC also offers a variety of other incentives to its community, including online events, NFT airdrops, meme community meetups, and a consistent supply of products.

Apart from meme producers and collectors, The Meme Club is aimed towards corporations and brands looking to acquire famous memes for marketing purposes, as well as cryptocurrency traders looking to profit from memes’ expanding popularity. With India having the greatest concentration of cryptocurrency holders in the world, The Meme Club also presents an appealing investment chance with the possibility for huge trading activity.

Kyle Fernandes, co-founder and CEO of MemeChat, commented on the debut of The Meme Club, saying, “MemeChat has been creating viral trends for over two years.” With the establishment of The Meme Club, each NFT coined by the originator serves as a membership card for further perks.

The primary benefit is being a member of a community that has access to MemeChat’s viral capabilities. The community may have a significant impact on viral material by allowing members to vote collectively on popular memes.”

Kyle said, “Because NFT is still in its infancy in India, we will guarantee that we educate the public about the platform’s potential in the first few months.” We picked the blockchain environment to ensure the transparency and efficiency of all transactions.”

The app’s economic concept is somewhat unusual in that it lets any meme creator to participate, regardless of their follower size. Once the site approves a meme, the creator may begin earning money from its use. The app has a devoted following of over four million regular users and has spawned over twenty million memes.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.