9GAG has officially introduced 'Memeland', a Web 3.0 creative hub tailored for meme-making and NFT enthusiasts.

During a recent media briefing, Ray Chan of 9GAG, a prominent social media and meme-centric platform based in Hong Kong, emphasized the pivotal moment the industry is experiencing in championing Web 3.0 tech development. 9GAG Even with the negative spotlight from the JPEX situation, Chan remains optimistic about blockchain tech's future, especially in entertainment, reinforcing that it encompasses much more than just cryptocurrencies. Hong Kong In a media conference featuring Chan and Adrian, the Founder and Managing Partner of Newman Capital, they introduced 9GAG's latest venture, 'Memeland.' This venture is distinct from a typical studio; it positions itself as a 'community-driven company' focused on creating and investing in social products that unite creators and their audiences.

Ray Chan articulated the foundational philosophy behind Memeland, which is centered on cultivating community, employing tokens to unlock decentralized value, and ultimately delivering groundbreaking products that serve the public. Web 3.0 Memeland aims to ascend as Asia's leading NFT brand by 2023 and seeks to rank among the top three globally in market capitalization. This goal highlights the increasing power and significance of Web 3.0 amid the transforming landscape of online communities and entertainment.

A key aspect of Web 3.0, as highlighted by Ray Chan, is its shift away from the conventional model where users need to invest financially to create traffic.

Rather, Web 3.0 emphasizes the engagement and activity of community members. The transformative effects of innovations like Web 3.0, along with virtual currencies, are monumental. Ray Chan believes Hong Kong is ideally positioned to lead this tech evolution. using NFTs Adrian from Newman Capital points out that Hong Kong benefits from strong backing from the Greater Bay Area, offering a wealth of talent, capital, and users crucial for advancing Web 3.0 initiatives. The market size of Hong Kong, which is ten times larger than Singapore, further enhances its potential as an innovation hub for Web 3.0.

Aims for Top Spot in Asia’s NFT Scene

With 'Memeland's' launch, both 9GAG and Newman Capital aim to elevate Hong Kong's standing in the realms of Web 3.0 and blockchain technology.

Their objective is to unlock new opportunities for development in the Hong Kong entertainment sector, thereby reinforcing the city's reputation as a significant global tech leader.

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