Memes will have a price: $5 million were invested in the new NFT market

A group of big blockchain investors have poured $5 million into the new meme cryptocurrency and NFT market, Decrypt reported.

Investments were made by Morningstar, Digital Finance Group (DFG), Blockhype, Outlier Ventures and Spark Digital Capital, as well as co-founder of Polygon (MATIC) Sandeep Nailwal and CEO of mobile developer Altitude Games Gabby Dizon.

On the platform, users will be able to create “meme tokens” whose value will depend on the value of the trends or memes they represent. The best memes will be rewarded with special bonuses every month.

Mattias Tyrberg, whose LinkedIn position is listed as “Stonks at,” said each employee chose a meme instead of an official company name. He argues that memes are the universal language on the Internet, and “ is the marketplace where conversation starts.” is planning to create a “CoinMarketCap for Meme Content,” where users can see the charts of meme popularity and trends. Also, users will be able to post meme tokens to engage the community in promoting a particular meme.

The platform will also feature “meme coins” DOGE and SHIB, whose popularity has skyrocketed in recent months.

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