What if there was a meme marketplace? The creators behind Memstagram hope to make one

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

Memstagram wants to create a meme marketplace where people can create internet memes, post them on the platform, and win crypto rewards through bidding wars.

Speaking to crypto.news on October 9, Memstagram CEO and founder Ignas Survila said that memes are a universal language that everyone understands, which is why a meme marketplace integrated with social finance plays a crucial role in unifying the Web2 and Web3 spaces.

“By providing a private platform where creators can own, trade and monetize their viral content, we enable them to monetize their creativity in ways that traditional Web2 platforms cannot,” Survilla said.

For years, meme culture has dominated social media platforms like TikTok, Instagram, and X. With Memstagram, users will have the chance to have a unique new experience of having a social platform completely dedicated to memes.

Previously, the only way to monetize a meme was to turn it into a meme coin and launch it. Now Memstagram is giving people a new alternative through its blockchain-powered meme marketplace.

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

Users can participate in the unique meme ecosystem available on the app’s Base chain through Coinbase Wallet. They can also earn rewards by participating in the decentralized meme market without compromising security.

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

With Coinbase Wallet integration, Memstagram hopes to expand its reach to millions of Coinbase Wallet users.

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

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