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 earn crypto rewards through bidding wars.

Speaking to crypto.news on Oct. 9, CEO and founder of Memstagram Ignas Survila said that memes are a universal language that everyone understands, therefore a meme marketplace integrated in social finance plays a crucial part 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 Survilla.

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

Previously, the only way you can earn money from a meme is if you turn it into a meme coin and put it on the market. Now, Memstagram is offering people a new alternative through its blockchain-powered meme marketplace.

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

Through Coinbase Wallet, users can participate in the app’s unique meme ecosystem that’s located on the Base chain. They can also earn rewards through participating 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.

With the integration into Coinbase Wallet, Memstagram’s hopes to expand its reach towards the millions of Coinbase Wallet users.

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

The partnership with Coinbase Wallet improves 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.