Latest The Captainz News

The CEO of 9GAG confirmed plans to launch $MEME token, with a focus on building a secure and sustainable web3 company.

The Deets

• $MEME launch confirmed by 9GAG's CEO...coming soon (probably)
• $MEME aims to make Memeland a leading web3 company
• Memeland exercising extreme focus on compliance with legal standards, recognizing the risk many tokens face

The Bulk

The launch of $MEME Coin forms part of a broader strategy to position Memeland as a top web3 company. Acknowledging the risks associated with tokens that have poor legal structures, the 9GAG affirmed his commitment to creating a secure and legally-compliant token. This sentiment was echoed in Memeland's announcement that they would be partnering with Tju Liang Chua, head of blockchain & digital assets at Drew & Napier, and the General Counsel of the Ethereum Foundation, for its corporate matters.

🎤 Founder Feedback:

🧠 Learn More

• A Comprehensive Guide to Memeland

Memeland announced today that Season 1 of Raids is live, via Twitter and on Discord.

💰 BOOTY: $USDC 40,000 💰

⚠️ RAIDS MAY LEAD TO LOSS OF MAPS, ANGER, HEART ATTACK, NON-GENERATIONAL WEALTH, CONTINUOUS BITCHING, AND OTHER RANDOM FUD. MEMELAND DOES NOT SUPPORT RAIDS IN REAL LIFE OR THE USE OF ANY VIOLENCE IN ANY MANNER. RAID AT YOUR OWN RISK. ⚠️

RULES:… pic.twitter.com/ou6TJPsFKi

— Memeland 🏴‍☠️ (@Memeland) May 13, 2023

The Details

Key changes vs. the pilot season:

• Your Booty = Your Raid Points / Total Raid Points
• The top 9 leaders enjoy a multiplier on their Raid Points
• Everyone who joins the Raids will win some booty
• Raid rates are changed to Win 45%, Loss 48.1%, and Broken Seas (burned) 6.9%
• Your Captainz will earn Experience Points (EXP) to show how "battle-tested" they are
• Every Captainz who joined the Season 0 (aka Pilot Season) received 69 EXP

❗ Why It Matters

The raiding dynamic piqued the interest of many when it was introduced two weeks ago, even though raiding was seen as a risky venture in which seemingly many reported losing their maps during the pilot season. Now, season 1 is here with some refinements.

This news is also perhaps the reason for some of the Captainz sweeps earlier today.

🧠 Learn More

• Captainz Plunder: Raid for Maps on the High Seas

$meme Tokenomics
• DAO - [REDACTED]
• INVESTORS - [REDACTED]
• COMMUNITY - 69%
• KEY PERSONS - [REDACTED]

— Meme Coin (@memecoin) May 5, 2023

❗ Why It Matters

This is about all we have to go off of for now, since we don't know much else. Are mapz related to $MEME? What would a distribution split look like across the Memeland collections (MVP, Captainz, and Potatoz)? There are just more questions than answers at this point.

So while NFTs have mostly taken a backseat over the past couple of weeks, with various memecoins dominating the spotlight, this is a reminder to not forget about the $MEME coin, which remains a highly anticipated token that many are painfully bullish about.

🎤 Community Quotes

Redacted this, redacted that.
Treasure bags? Redacted
Valuables? Redacted
Potions? Redacted
Artist? Redacted
Wen? Redacted

ffs just tell us already @9gagceo 😂 https://t.co/USqQTc4tLy

— BRYTE.eth 🍌🏴‍☠️ (@BRYTE_APE) May 5, 2023

🧠 Learn More

• A Comprehensive Guide to Memeland (February 14, 2023)

Captainz now have the ability to join raids and steal Maps from other Captainz, per Memeland's tweet today.

The Details

• Joining raids will allow you to steal Maps, but other raiding Captainz will also have the chance to steal your Maps as well.
• Raids require a Captainz to hold at least 1 Special or Extraordinary Map.
• When a Captainz joins the raid, they have a 40% chance to win a Special or Extraordinary Map, a 50% chance of losing their Map to the other Captainz, and a 10% chance of the Map being lost in the Broken Seas (burned).
• Note that Memeland is test-running the pilot season of raids for 1 week, and there will be no prizes during the pilot season. The pilot season will be closely monitored to adjust the rules if necessary.
• The raid points are reset every season.

❗ Why It Matters

Memeland is masterful at finding ways to engage with the community, and their latest move is to empower Captainz to raid. As Memeland so eloquently puts it, this is the pirate's way, and fortune favors the bold. So you can raid for whatever reason: if you're unhappy with the Mapz you got this week, need to settle a feud, or are just bored.

Raiding allows Captainz holders to take part in a game of chance centered around Maps, a key part of the Memeland ecosystem that can be earned every 7 days by Captainz who go questing. The upside of stealing a plundered Map will have to be weighed against the corresponding downside of possibly losing a Map to other raiding Captainz, or even being burned.

The dynamic is reminiscent of the mechanism in the earliest days of Wolf Game, in which wolves were able to accrue a ‘tax’ from sheep as well as steal newly minted NFTs. At their core, many in the NFT space are also gamblers who chase tantalizing rewards, so this will no doubt be a welcome new feature.

🎬 Take Action

Captainz holders can join a raid here: memeland.com/raids

🎤 Founder Feedback

Fortis Fortuna Adiuvat 🏴‍☠️

— Memeland 🏴‍☠️ (@Memeland) April 29, 2023

🕳️ Go Deeper

• Memeland: Questing is Live (January 21, 2023)
• Memeland: Treasure Mapz Are Secretly Related to $MEME (January 25, 2023)
• Captainz Reveal Process Updated, Potatoz Questing Launches Next Week (March 4, 2023)
• Captainz Getting Rewarded (March 6, 2023)
• Get Your Potatoz Ready.....Time to Quest! (March 13, 2023)

Today, Memeland tweeted that a "GmShow ☕" is coming soon.

What It Means

It's unclear when the show will debut, what the format will be, or even what the timing of the show would be as far as its time slot (given that 9GAG's CEO Ray Chan is based in Asia, in a very different time zone), but it will be something to watch out for.

❗ Why It Matters

A Memeland morning show would allow the Memeland empire to continue to expand its brand and reach even further, as @9GAG currently has 16.9 million Twitter followers and a ~200M monthly audience. Assuming that Ray is serious, of course (and there's no indication he's joking, as Memeland even owns the domain for GmShow.com), and it would make sense given that the Memeland project said a month ago that it was already building out a few other SocialFi products.

🖼️ The Big Picture

Audience numbers for web3 morning shows on Twitter Spaces took a hit after Ryan Carson left the Daily Dose and stepped away from web3 in February, although Zeneca's ZenDaily, Rug Radio's GM Web3, and Nifty Portal's The NFT Morning Show have all stepped up admirably to fill the void.

🎤 Community Quotes

We have a lot of gm shows in the space, what makes this different?

— rajin (@ionsec_co) April 14, 2023

🕳️ Go Deeper

• A Comprehensive Guide to Memeland (February 14, 2023)
• Memeland Doubling Down on ETH (April 7, 2023)

Memeland announces plans to set up 69 validators for Ethereum's upcoming Shapella hard fork on April 12.

The Deets

• Memeland holds most of its treasury in ETH
• Plans to set up 69 validators to help secure Ethereum network, earn rewards, and "dogfood Stakeland"

The Details

As Ethereum's Shanghai upgrade approaches, Memeland, a company dedicated to building in the web3 space, has announced its intention to set up 69 validators for the Ethereum network. This decision stems from the company's belief in the potential of Ethereum and the fact that most of its treasury is held in cryptocurrency, primarily in ETH.

Memeland has outlined three main reasons for setting up these validators: helping to secure the Ethereum network, generating operating revenue through earned rewards, and "dogfooding" Stakeland, their in-development project, before its public launch. More details on this bold move are expected to be shared soon.

❗Why It Matters

In a landscape ripe with migrating projects (DeGods, y00ts), real-life bank scares (SVB and beyond), Memeland has taken a different approach, more or less doubling down and committing to its future on ETH and the success of the Ethereum blockchain. While the company will now be actively participating in securing the network and earning rewards highlights the potential for increased adoption and integration of web3 technologies, it's also testing its own new product "Stakeland" in the process. 

The Stakeland Twitter was created in July 2022, but no details have been released yet. One can only assume it maybe some sort of staking service, prehaps for staking ETH (or other currencies). Memeland is not a staking rookie, as the project is also staking a significant amount of $APE, which it's providing back to questers as rewards.

🧠 Learn More

• ETH Upgrades: How Do They Impact NFTs?
• Captainz Getting Rewarded

9GAG, the company behind Memeland, has filed a trademark application with the United States Patent and Trademark Office involving "digital tokens as proof of fandom," as pointed out by trademark and copyright attorney NeerMcD.eth this morning.

❗ Why It Matters

The trademark application offers a glimpse into the future plans of one of the space's largest brands.

🔎 The Deets

Mentioned in the application are the following items:

• Providing an online non-downloadable computer software platform for the creation and distribution of digital tokens as the proof of fandom.
• Online non-downloadable computer software platform for customization of digital token metadata and enabling selectable distribution methods for digital tokens.
• Platform as a service and software as a service featuring software platforms for providing access to fandom groups, social media, virtual environments, digital arts, crypto-collectibles, non-fungible tokens, application tokens and digital currencies.
• Administration of a customer loyalty program that provides rewards.

So what exactly does 9GAG have in mind here? 9GAGCEO was tight-lipped on the issue:

🕳️Go Deeper

• A Comprehensive Guide to Memeland

Memeland Captainz holders will get another shot at weekly prizes as part of weekly "Treasure Bags," according to a tweet from the project. 

❗Why It Matters

Memeland has been a leader in rewarding holders since the inception of its Potatoz and You the Real MVP NFT collections, raffling off items and NFTs weekly to loyal holders. The latest announcement provides yet another opportunity for holders of Captainz to randomly be rewarded for merely questing their NFT. 

The Deets

Each week on Monday, Memeland will distribute $APE rewards to questing Captainz NFT holders. The company earns around ~9,500 $APE (~$46,000) each month, all of which is slated to be distributed back to holders. In the future, more prizes will be added an a raffle results page will be added to the dashboard. 

🎬 Take Action

To be eligible for $APE disbursements, Potions, or more - Captainz NFT holders must quest their NFT at the Memeland Dashboard. 

🧠 Learn More

• A Comprehensive Guide to Memeland
• Captainz Reveal Process Updated

The Captainz reveal process is skipping the Jolly Roger stage, and Potatoz Questing launches next week, according to 9GAGCEO's announcement in the Memeland Discord today.

❗ Why It Matters

There had been speculation that the Jolly Roger reveal would occur this weekend. This would've been an intermediary stage in which the flag, faction, and crew of a Captainz would be revealed (and then the full reveal would've been for the PFP, with full traits and rarities). But 9GAGCEO said today that they've updated the reveal process, and that there will be more details to follow.

Today's update also included 2 other components. Starting next week, Potatoz will be able to embark on their own quests and get "Valuables" that they keep with them (similar to Captainz' ability to hold and quest for Mapz). And more color has been given about "Potions".

🔍 The Details

• Jolly Roger Reveal
  • Updated the reveal process, based on community feedback
  • Reveal is still occurring in stages, it's just skipping Stage 2 [which had previously been floated as a possibility]
  •  “The construction of a palace takes more time than an ordinary building" 🏗️
• Potions
  • Only questing Super Crew (1 MVP + 9 Captainz + 27 Potatoz) and Full Crew (1 Captainz + 3 Potatoz) can find Potions
    • Questing Super Crews can find 1 Potion every 7 days (from the day of their formation)
    • Questing Full Crews have a chance to find the 6 Potions every week
  •  There are 9 different rarities of potions: Galaxy, Prototype, Yin Yang, Clear, Gold, Green, Red, Blue, Yellow
  • "Potions are for [redacted]"
• Potatoz Questing and Valuables
  
  • Potatoz Questing launches next week
  • Potatoz get a "Valuable" every 7 days when they're questing (even if they don't have a Captainz attached)
  • Potatoz bring their Valuables with them even when they're moved or traded, similar to Captainz and Maps
  • Existing raffle tickets (without the MVP boost) will be converted to Valuables
  • "Valuables are for [redacted]"

🧠 Learn More

• A Comprehensive Guide to Memeland (LT Ecosystem Guide)
• Treasure Mapz Transfer is Live
• Memeland: Treasure Mapz Are Secretly Related to $MEME
• Memeland: Questing Is Live
• Buried Treasure Awaits?

The Memeland Twitter account announced this morning that the project had placed a 999 WETH bid on the "Golden Key," a 1-of-1 item won by pro gamer Mongraal for his top score in Yuga Labs' Dookey Dash game.

🔍 Need to Know

• Yesterday, Mongraal let a 690 WETH bid placed on the item by Pixel Vault's UPDAO expire. At the time, Mongraal said, "Double it and I'll accept."
• While today's bid from 9GAG doesn't double the previous offer, will Mongraal turn down $1.6m for The Key?
• The latest bid was placed around 1:00 AM ET this morning and Mongraal has yet to acknowledge it on Twitter.

🎤 Community Feedback

🕳️ Go Deeper

• A Decision to Make
• Scores Verified, What Doo(key) Do Now?
• Mongraal's No. 1