Memstagram is now available on Coinbase Wallet, offering users the opportunity to upload memes and bid on their favorites through the world’s first SocialFi meme marketplace.

Memstagram aims to establish a meme marketplace where users can create internet memes, post them on the platform, and earn crypto rewards through bidding wars.

Speaking on October 9, CEO and founder of Memstagram, Ignas Survila, highlighted that memes are a universal language understood by everyone. Therefore, a meme marketplace integrated into social finance is crucial in uniting the Web2 and Web3 spaces.

“By providing a dedicated platform where creators can own, trade, and earn from their viral content, we empower them to monetize their creativity in ways that traditional Web2 platforms don’t,” said Survila.

For years, meme culture has dominated social media platforms like TikTok, Instagram, and X. With Memstagram, users can engage in a unique experience of having a social platform entirely dedicated to memes.

Previously, earning money from a meme was possible only if you turned it into a meme coin and put it on the market. Now, Memstagram offers a new alternative through its blockchain-powered meme marketplace.

How Memstagram Works

Memstagram combines meme culture with blockchain technology, allowing users to earn crypto by uploading memes to the platform. Users can create custom memes or use the app’s AI-powered meme generator.

Using Coinbase Wallet

Through Coinbase Wallet, users can participate in Memstagram’s unique meme ecosystem located on the Base chain. They can also earn rewards by engaging in the decentralized meme marketplace without compromising security.

“It’s an incredible opportunity for us to share our vision of empowering meme creators and crypto enthusiasts alike to own their content and be part of the on-chain revolution,” said Survila.

The integration into Coinbase Wallet aims to expand Memstagram’s reach to millions of Coinbase Wallet users.

Meme Battles and Rewards

Users can participate in “meme battles” where they vote for their favorite memes. The winner earns crypto rewards based on the meme’s popularity.

The partnership with Coinbase Wallet enhances Memstagram’s mission of pushing the boundaries of decentralized social media. By bridging blockchain technology and meme culture, Memstagram continues to innovate how content is created, shared, and monetized on-chain.

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