On Thursday, the token sale of the Web3 company Memeland (MEME) received commitments worth $10 million within just 42 minutes of going live, according to data.
Before this, community members could engage in different activities to join a waitlist, which granted them access to the token sale.
As of Thursday, these tokens are pegged to have “No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes.”
Even though all the available tokens have been sold, the sale will carry on until Friday morning. At that time, people who were previously on a waiting list will be able to access the tokens.
The creators of Memeland are the same team that started 9GAG, which is a well-known platform for sharing memes and news. Memeland has received support from notable investors like YCombinator.
It offers various digital assets known as non-fungible tokens (NFTs) and has created applications that combine virtual worlds, gaming, and NFTs.
These virtual worlds, often referred to as “metaverses,” exist on a blockchain and typically use a special token for conducting transactions.
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