Binance Labs Investment Soared Token Price.

#BinanceLabs announced its investment in Memeland (MEME) on Thursday, January 4. The MEME token, which represents the Web3 project run in collaboration with NFT Memeland, experienced a staggering 30% increase following a significant capital infusion from Binance Labs. The investment arm of Binance, the world's largest cryptocurrency exchange, announced its official support for the Web3 project, which is intertwined with NFT #Memeland (MEME). The specific investment figure was not disclosed by Binance's incubation department. However, it should be noted that the funds are allocated to support the project's efforts to create a SocialFi and economic base.

Simultaneously, the investment aims to bridge the gap between creative minds and the community through the #MEME token and NFTs, leveraging the evolving meme culture. The brainchild of 9GAG, the hugely popular meme platform with 200 million monthly users across its global channels, Memeland functions as an independent Web3 startup studio. The team behind Memeland has over fifteen years of experience building community-centric products with the mission of democratizing ownership in communities around the world. Memeland's vision is to transform it into a fully decentralized, community-driven platform where existing NFT holders will exercise authority within the Memeland DAO.

#Memecoin (MEME) stands as the underlying token fueling Memeland's thriving NFT ecosystem. Under the management of Memeland, the Web3 startup studio born by 9GAG, the focus is on nurturing SocialFi and strengthening the creative economy. MEME token and NFTs act as conduits connecting creators to their communities, fostering a symbiotic relationship. Notably, Memeland became the sixth project to receive funding from Binance Labs in the last three months, starting in October 2023. Following the announcement, MEME token increased by 53% in a short time.
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