Memes Token is a decentralized platform that allows meme authors and fans to collaborate and trade their creations. Memes Token (MEMES) seeks to create a fully decentralized NFT (non-fungible token) marketplace designed explicitly for meme creators to generate revenue for their work. The adoption of blockchain NFTs has risen tremendously over the last few years. However, there is no dedicated platform for memes and meme creators at the moment. To address this issue, the Memes Token platform has developed a community-centric meme hub without any central authority involvement. The Memes Token ecosystem aims to integrate the current memes market into a unified and decentralized blockchain network that seeks to provide utmost transparency for sharing and interacting with the platform in a far easier manner.

According to the platform’s whitepaper, Memes Token uses the latest NFT technology to assign meme creators’ work with a unique identifier. This unique identifier on the blockchain network enables the measuring of a content rarity in order to decide its value. Additionally, below are a few platform features to explain how the Memes Token ecosystem seeks to function:

Additionally, the users can sell their NFTs in three different ways:

The Memes Token ecosystem is managed by BleuBizzare, who currently holds the CEO position in the company. The whitepaper launch of the platform took place in October 2021. Moreover, Memes Token held its ICO (initial coin offering) sale on March 22, 2021, and it continued until March 23, 2021. ICO sale is a method to raise funds for a new cryptocurrency venture. The maximum total number of tokens offered is 30 trillion.