Tokenized meme platform raises $5 million from several blockchain-focused funds

Tokenized meme platform raises $5 million from several blockchain-focused funds

With a registrant attributed to Sweden,, a platform dedicated to meme markets and trend exploration, has raised $5 million from Outlier Ventures, Digital Finance Group (DFG), Morningstar, Blockhype, and Spark Digital Capital. Angel Investors include Altitude Games’ CEO Gabby Dizon, and Polygon (Matic) Co-founder Sandeep Nailwal.

“We believe that memes and meme markets, such as, are a promising and innovative way to empower users who find or create trends,” comments DFG’s Head of Investment, Joanna Liang. “We have high hopes that will push the boundaries of memecoins, NFTs and digital art in unique ways as this sector continues to develop.”

According to co-founder, or Stonks, Mattias Tyrberg’s LinkedIn profile, was founded this month, and enables users to mint memetic tokens that are based on the perceived value of the trend or meme they represent. Community-selected best memes of the month received rewards that include unique NFT art.

Meme tokens can be staked on the platform to incentivise a specific meme creation as well as contribute to it. The value of each meme and trend can be compared and measured over time. Think CoinMarketCap for meme content.

If you’re still baffled by what this is exactly: Dogecoin. NFT’s have seen massive attention and popularity over the past few months and drawn tens of millions of dollars of liquidity into the crypto marketplace.

"The Meme team has a passion for viral and memetic content that is as integral to the internet as TCP/IP itself. We believe that humor and memes have the power to connect people and create unique shared experiences, united by a common culture. Memes are the web’s lingua franca and is the marketplace where the conversation starts,” concludes Tyrberg.

Editors Note: I don’t want to say that I’ve now seen everything, but this is right up there.

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