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

Memstagram as a Meme Marketplace

Memstagram aims to create a platform where people can create internet memes, share them on the platform, and earn cryptocurrency rewards through bidding wars.

The CEO and founder of Memstagram, Ignas Survila, stated that memes are a universal language that everyone understands. According to him, a meme marketplace combining social finance (SocialFi) could play an important role in bridging Web2 and Web3.

"We are providing creators with a dedicated platform where they can own, trade, and monetize their viral content. This allows them to profit from their creativity in a way that traditional #Web2 platforms don’t," Survila said.

A New Era for Meme Culture

For years, meme culture has dominated platforms like TikTok, Instagram, and X. However, with Memstagram, users will be able to experience a unique world where a social platform is entirely dedicated to memes.

In the past, the only way to make money from a meme was to turn it into a meme coin and bring it to the market. Now, Memstagram offers a new alternative through its blockchain-powered meme marketplace.

Combining Memes and Blockchain

Memstagram blends meme culture with blockchain technology, allowing users to earn cryptocurrency by uploading their memes. Additionally, users can create memes using an AI-powered meme generator.

Through Coinbase Wallet, users can enter the unique meme ecosystem on the Base blockchain and earn rewards from the decentralized meme marketplace without compromising security.

“This is an incredible opportunity to share our vision and enable meme creators and crypto enthusiasts to own their content and be part of the on-chain revolution,” Survila said.

Users can participate in “meme battles” where they vote for their favorite memes. The winner will earn crypto rewards for the memes popularity | Source: Memstagram

Partnership with Coinbase Wallet

By integrating with Coinbase Wallet, Memstagram hopes to reach millions of Coinbase Wallet users and advance its mission of decentralized social media. By connecting blockchain technology with meme culture, Memstagram continues to innovate the way content is created, shared, and monetized on-chain.

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