PANews reported on September 25 that MintRich and the MeowMemeNFT team jointly announced that they would adjust the MeowMemeNFT project to deal with the high gas fee problem on the Ethereum mainnet. The first minting of MeowMemeNFT completed 8,000 NFTs within 30 minutes, and the primary market rose by more than 1,800%. However, after entering Uniswap, the high cost of ERC404 asset transactions affected community enthusiasm and project development.

Team decision:

1. Suspend support for the Ethereum mainnet and plan to switch to Layer 2 to solve the problem of high interaction costs;

2. Map MeowMemeNFT from ERC404 standard to ERC20, airdrop new assets to holders, and restart liquidity and secondary trading.

The MintRich project originates from Ethereum’s native Layer2 network Mint Blockchain, but the developer team will continue to expand multiple chains, build the Ethereum Layer2 ecosystem, support more L2 networks including Mint Blockchain, Base, Optimism, etc., and allow Meme NFT to return to the Ethereum ecosystem.