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 * What Is Memeland’s Potatoz NFT?

BLOCKCHAIN


WHAT IS MEMELAND’S POTATOZ NFT?

October 17, 2022
CryptoMoneyUpdate




The sheer variety of NFT projects and NFT collections has been revolutionary.
One of the significant projects which have been making a lot of noise in the
web3 space recently is the memeland NFT collection. The graphical representation
of Memelands shows what they offer, such as treasure islands, broken seas, sea
monsters, pirate crews, a Treasure Island, and particularly, memes. Each element
in memelands appears in the shape of trendy and visually appealing images.



However, the memeland is more than just a cool JPEG file and brings the potatoz
NFT into the web3 domain. What are potatoz? You can think of them as the
predecessors to the planned project ‘Memeland Captains.’ Why are people worried
about memeland and potatoz? The following discussion will try to offer some
answers to these questions with a detailed guide on potatoz non-fungible token
collection.

> Aspiring to Become a Certified NFT Expert? Enroll in Certified NFT
> Professional (CNFTP) Course Now!


WHY ARE YOU INTERESTED IN POTATOZ?

The interest in new NFT projects is valid to a certain extent as they are
generally associated with promising value. However, potatoz memeland is
something different, especially based on practical performance. The non-fungible
token was minted in July 2022 on the Ethereum blockchain and has become one of
the most-traded NFT collections. The total trading volume for potatoz
non-fungible token collection surpassed $15 million as of August 2022. The
meteoric growth of Potatoz strengthens the assumptions about the collection,
making a significant influence on the web3 space. 


WHERE ARE THE ROOTS OF POTATOZ?

Before you try to find out “what is potatoz NFT,” you must have a clear
impression of its roots, i.e., the place where it comes from. The actual ground
where the potatoz found their roots is Memeland. Have you heard of 9GAG? You
must have come across their posts on Twitter, Facebook, Instagram, or other
social media channels. The Hong Kong-based social media startup has almost 58
million followers on Instagram and has planned on introducing Memeland as their
web3 ecosystem. 

9GAG has envisioned Memeland as a metaverse with the facility of participation
through ownership of NFTs. While potatoz is an obvious candidate, the other NFTs
providing entry to memeland include ‘YOU THE REAL MVP’ and the planned ‘Memeland
Captains’ collection. The vision behind Memeland can offer a valid rationale for
developing projects like Potatoz collection and its potential growth. Let us
take a look at the two other NFT collections planned with Potatoz in the
Memeland metaverse. 

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> Enroll Now in The Complete Ethereum Technology Course


MEMELAND CAPTAINS

Memeland Captains is the primary NFT collection for the Memeland metaverse. The
Memeland Captains includes a total of 9999 utility-based NFTs. Rather than
holding on to Memeland Captains in your wallet like lonely NFTs, you can extract
value from them. Each Memeland NFT or “Captain” would help you unlock different
utilities and specific benefits. 

The distinct benefits of the Memeland PFPs include membership in a private club,
i.e., Memeland, alongside exclusive access to the marketplace for NFT creators.
Furthermore, Memeland Captains collection serves as the ticket for entering the
new 9GAG memetaverse. As the predecessors of The Potatoz, you can also explore
many other functionalities with Memeland Captains. Starting from In Real Life or
IRL events to upcoming 9GAG projects and airdrops, Memeland Captains have a lot
in store for the 9GAG metaverse users. 

 * DISTRIBUTION OF MEMELAND CAPTAINS

The discussion on Memeland NFT collections would also draw attention to the
approach followed for distributing the PFP NFTs. The distribution mechanism for
PFP NFTs for Memeland can help in obtaining a clearer impression of the
background for Potatoz. First of all, you must note that distribution is
extremely flexible with Memeland Captains PFP collection. On top of it, Memeland
does not have a specific roadmap and follows a dynamic plan. 

As of now, the launch of Memeland Captains is under wraps, and existing plans
suggest the distribution of 9,999 NFTs. According to the existing plan of
Memeland, the project would allocate 6,900 NFTs to 9GAG and partners allowlist
winners. The collection would be distributed around 3000 NFTs to the public
allowlist raffle winners. The remaining 99 NFTs would go to the Memeland
Treasury for facilitating future collaborations, marketing, hiring and other
activities.   

9GAG has created an interesting potatoz memeland equation with potatoz as an
integral part of the emerging memeland metaverse. 9GAG has entered into a
collaboration with Hong Kong Times Square to introduce the first digital
playground based in Memeland. The memeland PFP owners enjoy complete commercial
art rights over their assets. 

Another important highlight in the distribution of memeland PFP tokens would
refer to the rights of memeland itself. It would receive around 6.9% of
secondary sales of the PFPs, which would serve useful for purchasing private
jets, Lamborghinis and yachts. Well, the team behind Memeland does have some
unparalleled sense of humor when they claim such uses for their money. On the
contrary, memeland plans on using the money from secondary sales of Memeland
Captains and other NFT collections for hiring full-time team members. It also
plans on using the money to deliver more value to the community and provide
funding for new operations. 

> Want to get an in-depth understanding of non-fungible tokens (NFTs)? Become a
> member and get free access to NFT Fundamentals Course.


YOU THE REAL MVP

The Memeland community has not only come up with Potatoz NFT as a tool for
entering their metaverse but also with a rewarding collection. With the “YOU THE
REAL MVP” collection, Memeland aims to serve an innovative approach for
expressing gratitude and offering rewards to the passionate team and community. 

The “YOU THE REAL MVP” is a limited group of around 420 notable MVPs from the
Memeland ecosystem. You can define MVPs as a token of premium membership within
the world of Memeland. Interestingly, the spirit behind “YOU THE REAL MVP” comes
from the famous and inspiring speech by professional NBA player Kevin Durant. 

According to Memeland’s website, YOU THE REAL MVP is the first collection
offered on the metaverse space. How is the Potatoz non-fungible token collection
related to YOU THE REAL MVP? The answer points to their role in facilitating
access to Memeland. The MVP points at entitled access for premium membership
within the Memeland landscape. 

As the website claims, it serves as a productive approach for rewarding the
community behind memeland. What can you gain from the “YOU THE REAL MVP”
collection? A memeland MVP could earn two free mints for the Memeland Captains
NFTs, alongside eligibility for the allowlist of all the future of memeland NFT
and 9GAG NFT collections. The collection also guarantees the facility of MVP
role and MVP lounge in Discord. You can also come across many other surprises of
similar nature with the “YOU THE REAL MVP” collection in the future. 

 * DISTRIBUTION OF YOU THE REAL MVP

Your search for a detailed explanation about “what is potatoz NFT” would also
take you towards discussions on the distribution of MVP membership benefits. The
allocation of YOU THE REAL MVP involves 300 MVPs distributed through a blind
auction. 100 MVPs are rewarded to the contributors, such as investors,
moderators, advisors, and teammates. Finally, the reserve amount of 20 MVPs
makes up the total collection. 

In addition to the distribution details, you need to take note of many other
critical factors of the MVP collection. The blind auction ends within 48 hours
and does not feature any mint facility, thereby calling for safety against
scams. The winners would receive airdrops of MVP, and you would not find any
links or collections for MVPs on the different NFT marketplaces. With the blind
auction, the reserve price for the MVPs amounted to almost 0.69 ETH. The top 300
bids scored the winning amount, with only one bid allowed for each account. 

The Memeland community deployed a blind auction for “YOU THE REAL MVP” to help
the community itself determine the price. As the final price reached around 5.3
ETH, the collection asked people to send the same amount to their wallets. 

> Aspiring to Become a Certified Metaverse Expert? Enroll in Certified Metaverse
> Professional (CMP) Certification Course Now!


POTATOZ NFT

The main point of attention in discussions regarding the Memeland NFT collection
would be Potatoz. It is a new free-to-mint NFT collection that offers access to
the memeland ecosystem. Most important of all, the NFT collection can ensure
seamless access to the Memeland metaverse of 9GAG, a popular social media
website. 9GAG has garnered many followers for offering unique content in the
form of user-generated memes from different users worldwide. The varied user
base of 9GAG includes cosplayers, gamers, manga enthusiasts, and many young
people from different parts of the world. 

9GAG introduced the free mint for Potatoz NFT on July 20, 2022. In the initial
stage, the collection featured “potato sprouts” made of pixel art, which would
gradually change into unique potato-like figures. The NFT collection stores
metadata on an IPFS or InterPlanetary File System without the conventional
on-chain storage. 

However, the IPFS storage creates prominent trouble for visually distinctive NFT
collections due to the isolated storage of metadata and smart contracts. Apart
from the unprecedented release of the new non-fungible token collection,
Memeland has entered into a partnership with an NFT creator studio, Refinable.
The collaboration with Refinable helped Memeland conduct an eight-week art
display at Time Square in Hong Kong from July 30.  

> Start learning Non-Fungible Token with World’s first NFT Skill Path with
> quality resources tailored by industry experts Now!


DIVING DEEPER INTO POTATOZ BASICS

The introduction of a new NFT collection like Potatoz is one of the important
highlights in the web3 ecosystem. With the launch of Potatoz collection, the
floor price has witnessed a formidable amount of growth. The collection has
registered secondary marketplace transactions amounting to more than 9,700 ETH.
If you own an MVP from the YOU THE REAL MVP collection, then you can find
eligibility for all the future projects of 9GAG and Memeland. It would also
entitle users to three free mint spots for Potatoz through airdrops. 

In general, potato is a common starchy tuber almost everyone loves to add to
their diet. However, Potatoz is a bit different- they are a utility-based NFT
collection. The primary use of Potatoz is to work as entry tickets for the
Memeland ecosystem designed by 9GAG. In addition, Potatoz also allows buyers to
participate in the ‘stake-to-win’ mechanism. Well, potatoes have to grow, don’t
they? The new ‘stake-to-win’ mechanism, also referred to as ‘GROW-TO-WIN,’
offers the same benefits of staking with a unique twist. 

When you try staking the Potatoz, you can find an instant evolution to the first
stage. The “Growing” function in the memeland ecosystem is more or less familiar
to the ‘Nesting’ feature in the Moonbirds NFT project. Another important
highlight about potatoz reflects on their possible relations with Memelist, MVP,
and the $MEME governance token. What purpose does Potatoz serve in the memeland
ecosystem? It has some additional utilities integrated within it for a better
user experience. 

> Aspiring to Become a Certified Web3 Expert? Enroll in Certified Web3
> Professional (CW3P) Certification Course Now!


UTILITY OF POTATOZ NFT COLLECTION

The discussion about Potatoz would be incomplete without referring to their
utility. The development team has incorporated a ‘Grow-to-win’ mechanism, just
like a staking mechanism, in Potatoz. You can use Potatoz NFT for something more
than accessing the memeland ecosystem. Growing your potatoz could help in
generating unique artwork, which can guarantee promising financial returns. 

The ‘Growing’ function on Potatoz was enabled recently in August alongside the
launch of the ‘grow-to-win’ website. Users can stake their potatoz and earn
rewards with the new mechanism alongside expanding the memeland ecosystem. Most
important of all, Potatoz focuses profoundly on community ownership of the token
to ensure future benefits. Therefore, many traders do not opt for exchanging
potatoz to garner short-term profits. 


WHO ARE INVOLVED IN POTATOZ COLLECTION?

The interest in Potatoz memeland non-fungible token collection has been growing
by huge margins in recent times. Do you know why memeland or potatoz gained so
much popularity within little time? The answer points to the team behind the
vision for potatoz, i.e., 9GAG. It is a popular social media website with almost
4 million daily visitors and over 150 million monthly visitors across different
platforms. 

With a formidable social media giant at the helm of affairs, Potatoz Collection
garnered credibility within no time. Furthermore, Memeland has a massive user
base on Twitter as well as on Instagram. The project also has many prominent
investors and advisors with many popular names, such as Gary Vee and many other
startups.

> Get familiar with the terms related to non-fungible token with Non-Fungible
> Token Flashcards


BOTTOM LINE

The planned web3 ecosystem of 9GAG has the potential to deliver a shared
playground for accessing many services and exclusive offerings. From the
surface, the Potatoz non-fungible token appears as a regular NFT collection
tailored for utility within a game’s environment. However, it has been developed
with a ‘Grow-to-Win’ mechanism, similar to a staking approach.

Therefore, it is only a matter of time before potatoz grows into some unique
artwork. Can potatoz set the stage for dynamic NFTs in the 9GAG memetaverse
ecosystem? Because potatoz came to the market in July and announced the staking
mechanism in August, they have a long way to go. Stay updated with the latest
news on memeland and potatoz to learn more.

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--------------------------------------------------------------------------------

*Disclaimer: The article should not be taken as, and is not intended to provide
any investment advice. Claims made in this article do not constitute investment
advice and should not be taken as such. 101 Blockchains shall not be responsible
for any loss sustained by any person who relies on this article. Do your own
research!



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