Meet and earn money with Meme Factory, the decentralized market for memes based on Ethereum smart contracts

Meet and earn money with Meme Factory, the decentralized market for memes based on Ethereum smart contracts

By derwin25 | Worldinfo | 31 Jul 2019


 

Based on the district0x network, a network of markets and decentralized communities built on a standard open source framework composed of Ethereum smart contracts and front libraries, called d0xINFRA, Meme Factory is an extremely interesting project.

 

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This platform was launched earlier this 2019 by the district0x team as the third district of the district-centered memes network. And what is the grace, considering that memes normally circulate freely on the web? Well, that Meme Factory aims to create, issue and exchange them as if they were real-world collectibles.

In the same way that stamps, coins, chromiums or anything else are collected, in Meme Factory digital elements of a certain rarity are collected, specifically Memes, present in the Ethereum blockchain.

In Meme Factory, users send original memes to a community execution list, usually known as a token-curated record, or TCR, which is known as the Dank Registry.

Those in possession of DANK tokens are those who decide which memes are added or not to the registry through an economically incentive voting game. They approve or dismiss them according to their tastes.

"Although DANK is an ERC20 token standard and therefore interchangeable, the actual memes themselves are the ERC721 standard, more commonly known as non-fungible tokens (NFTs). This allows a unique identification, ownership and demonstrable rarity for each meme created in the Meme Factory platform. "

Once created and approved, the memes are launched in a kind of open auction with certain stocks. Once the initial supply of any meme has been used up, it will not be created anymore, thereby ensuring its exclusivity. Collectors, as if they were football players' cards, can freely trade with memes and resell them thanks to the blockchain, both within Meme Factory and outside through the smart contract system.

So if we have a lot of creativity to make Memes for any subject, Meme factory can be a very good option to try new Horizons and earn some money.

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derwin25
derwin25

I like to look for new method of passive income.


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