On January 4, 2023, The Captainz NFT collection began its 48-hour mint period. Priced at 1.069 ETH per mint, the collection of 9,999 pirate-themed NFTs has seen 6,790 ETH (more than $9 million) in trading volume in the first five days of its existence. With a floor price currently sitting at a healthy 5.34 ETH, The Captainz is tracking on OpenSea’s Top 10 collections list by both 24-hour and 7-day trading volume.
But The Captainz’ success didn’t come out of nowhere. The collection is just the latest iteration of one of the NFT space’s most successful and irreverent communities: Memeland. Here’s what makes the Web3 brand such a hit, and why you should expect even bigger things from the community in 2023.
What is Memeland?
Memeland is a Web3 venture studio created by Web2 mainstay 9GAG, the Hong Kong-based meme-centric entertainment website that launched in 2008. Having built up a following of more than 200 million across its various social media platforms since then, 9GAG was well-positioned to bridge into the Web3 space when it announced…