Singapore – December 14, 2024
In a bold move to reshape the intersection of blockchain and social media, the MemeCore Foundation has announced a $7 million investment in MemeX, a Web3-native platform built by former Twitter employees. This investment highlights MemeCore’s strategy to lead the blockchain ecosystem by merging decentralization with user-centric social media experiences.
MemeX: A Vision for the Future
MemeX isn’t just another social media platform -it’s a groundbreaking initiative designed to empower creators and foster decentralized communities. The platform introduces a tokenized membership model requiring users to hold blockchain-based tokens to join, ensuring security and fostering a sense of ownership.
Creators and influencers can receive tokenized donations from their audiences during live streams or while publishing content. These tokens are then channeled into a liquidity pool, creating a self-sustaining economy that rewards both creators and their communities.
“MemeX bridges the gap between Web2 familiarity and Web3 innovation,” says Anndy Lian, Managing Director of MemeCore’s LIFT Eco-fund. “It’s not just about technology—it’s about creating a space where memes, creativity, and blockchain converge to deliver real value to users.”
The LIFT Eco-fund: Building a Web3 Ecosystem
The $7 million investment in MemeX is part of MemeCore’s LIFT Eco-fund, a $10 million initiative aimed at supporting innovative blockchain projects. The fund offers more than just capital; it provides projects with access to MemeCore’s vast ecosystem, which includes over 300,000 active users and an 800,000-strong Telegram gaming community.
This strategic backing ensures that projects like MemeX not only survive but thrive, leveraging the power of community-driven growth and blockchain innovation.
Key Features of MemeX
Tokenized Memberships: A blockchain-powered entry model that enhances security and user engagement.
Creator Empowerment: Streamers and influencers can monetize their content seamlessly through token donations.
Community Rewards: Features like leaderboards, referral bonuses, and community airdrops incentivize participation and growth.
Why This Matters
MemeX represents a new frontier for social media, blending the principles of decentralization with the user engagement strategies that made platforms like Twitter and TikTok global phenomena. By focusing on blockchain technology, MemeX ensures transparency, security, and a more equitable model for creators and users alike.
For MemeCore, this investment is a strategic step toward solidifying its position as a leader in the blockchain space. With its Proof of Meme (PoM) consensus mechanism and EVM-compatible multi-chain blockchain, MemeCore is building an ecosystem that supports innovation while uniting meme coin communities worldwide.
Looking Ahead
As Web3 continues to gain traction, platforms like MemeX are leading the charge, redefining how we think about social media, ownership, and community-driven economies. MemeCore’s investment underscores its belief in the transformative power of blockchain and its commitment to fostering a decentralized, memeable future.
For more insights into the evolving blockchain landscape, visit www.memecore.org
About the Author
Myrtle Anne Ramos is the visionary CEO and Founder of Block Tides, a globally recognized PR and marketing firm specializing in Blockchain, Web3, and emerging technologies. As a Forbes Business Council Member and Cointelegraph Innovation Circle Member, she has established herself as a prominent leader in the blockchain industry. Myrtle’s influence extends beyond business development, as she also serves as a KOL for CoinMarketCap and a Binance Live & Feed Creator, shaping the future of the digital economy.
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