- Anshika Bhalla
- November 29, 2022
The rise of NFTs coincided with the cryptocurrency market’s explosive growth. Bitcoin, the most well-known cryptocurrency, has surged in value from around $1,000 in January 2017 to more than $60,000 in March 2021. NFTs are now the latest tools that individuals and enterprises are using to reach their audiences, and they are quickly gaining popularity.
A recent popular collection is the Memeland Potatoz PFP (Profile Picture) NFTs. They’re now in a rage on social media. Potatoz can be used to buy and sell items in Memeland. In this virtual ecosystem, users can create their avatars, utilize the NFTs, and interact & engage within a digitized holistic community. They’re similar to Bitcoin or Ethereum but can only be used in Memeland.
In this blog, we’ll tell you everything you need to know about Potatoz: What they are, How to get them, and How to use them.
What are Potatoz NFTs?
A Potatoz NFT “non-fungible token” is a digital PFP NFT with many utility possibilities. In Memeland, they are used to represent potatoes, which are the primary currency of the game. Potatoz had a rush of interest in the first three days following its release. Even though the trading price had dropped over 90% after the debut, the collection was still the eighth most exchanged collection in the preceding seven days, with a cumulative trading volume of $2.8 million.
The Memeland initiative is led by 9GAG, which also serves as the umbrella brand for The Potatoz NFT collection. 9GAG is a social media firm in Hong Kong founded in 2008. The company’s website, apps, and social media platforms receive four million visitors per day and 150 million per month.
You can purchase Potatoz NFTs on Memeland’s online marketplace, and you can use them to buy in-game items, such as skins for your character, or to rent land. You can also use them to tip other players in the game.
Loved the concept of Potatoz NFTs? Check out Blockchain Council’s NFT Developer certification and enroll today to learn all the bits and buts of NFT development.
What is the utility aspect of Potatoz NFT?
The utility aspect of Potatoz NFT is that it allows people to easily and quickly exchange Potatoz for other Potatoz or NFTs on Potatoz Exchange and other NFT exchanges. Potatoz can also be exchanged with anything that has some sort of value in terms of Potatoz. This is especially beneficial for people who are on the go and seek comprehensive interoperability.
Potatoz also has added the bonus of being encrypted, so you can rest assured that your files are safe and secure. And because it is a cloud-based storage solution, you can access your files anywhere. So whether you’re on a business trip or vacation, you’ll be able to access your files without hassle.
The utility of Potatoz NFT is still being explored, but few potential use cases have been floated so far. One is that Potatoz NFT could be used as a loyalty program for a company or brand. Another is that it could reward people for taking action on a website or participating in a contest.
It’s also possible that Potatoz NFT could be used to represent physical objects in the real world. For example, it could be used to track the ownership of a car or jewelry.
The utility of Potatoz NFT will likely be determined by the community that adopts it. So far, there is a lot of excitement around the potential of Potatoz NFT, and it will be interesting to see what uses people come up with in the future.
Who’s Behind the Potatoz Collection?
The Potatoz collection is the brainchild of Memeland, a well-known and respected brand in the industry. Memeland has been in business for over 20 years, and during that time, they have developed a reputation for creating high-quality, innovative products.
The team at Memeland comprises experienced and highly-skilled professionals passionate about making great products. They are constantly working to improve the Potatoz line and are committed to providing their customers with the best possible experience.
Learn in-depth about NFTs and their use cases. Become a NFT expert today!
What is Memeland?
Memeland or Memeverse is a social media platform web3 ecosystem, Metaverse, that allows users to create and share digital art. The art can be anything from photos and videos to 3D models and GIFs. And, like other social media platforms, users can follow each other and like or comment on each other’s work.
What sets Memeland apart from other social media platforms is that it uses blockchain technology to create unique digital assets called memes. These memes can be traded, sold, or given away like any other digital asset. And, because they’re built on the blockchain, they’re completely secure and cannot be tampered with.
Potatoz is more of a meme that can only be created on Memeland. They’re made by combining two images: a photo of a potato and a photo of a famous person or pop culture character. The result is a unique, funny, and often irreverent image that can be shared with the world.
Memeland Captains and Captions
Captains: The main collection of Memeland’s NFT is called Memeland Captains. There are 9,999 utility-enabled PFPs in this collection. All the benefits of Memeland, such as $MEME, exclusive club membership, unique accessibility to the developer NFT marketplace, IRL events, future Memeland & 9GAG drops, and more, are unlocked for each Captain. They’re available in various colors, including pink, blue, and green. And if you purchase one of the rarer color variants, you could see your investment pay off down the line.
Captions: If you’re looking for a good laugh, you’ll want to check out Memeland’s Potatoz Captions. These little spuds come with clever captions, sure to put a smile on your face.
Some of our favorites include “When you’re trying to be healthy, but potatoz are life,” “When you’re having a bad day but potatoz are there for you”, and “I’m not lazy, I’m just potatoz”.
But it’s not just the captains & captions that make these potatoz so special. What makes them special is their utility prospects. Compared to generic art-based NFTs, these PFP utility-based NFTs are interoperable, more secure, and cost-effective. Meaning you’ll get more value in lesser price.
If you’re not familiar with $MEME, it’s the native token of the Memeland economy, and it’s what you’ll need to purchase Potatoz NFTs.
$MEME is an ERC-20 token that was launched in October 2020. It has a total supply of 1 billion MEME, and at the time of writing, each MEME is worth around $0.02.
How do you get your hands on some $MEME?
You can buy $MEME on exchanges like Binance or Huobi. You can also earn $MEME by participating in Memeland’s governance system or by staking MEME tokens in the Memeland Treasury.
Or, if you’re lucky, you can try to earn Potatoz NFTs. Each Potatoz NFT comes with a certain amount of $MEME attached to it, so if you’re lucky enough to score one, you’ll earn some $MEME as well!
Where can you find Memeland’s Potatoz NFTs?
If you’re looking for Memeland’s Potatoz NFTs, the best place to start is the official website. Here, you’ll be able to browse through the different designs and find the perfect one for you.
There are also a few other places where you can find Memeland’s Potatoz NFTs, including on social media platforms like Twitter and Instagram. However, it’s important to note that not all of these platforms are official, so make sure you research before making any purchases.
Finally, if you know someone who already has a Memeland’s Potatoz NFT, you can always ask them where they got it from. This is a great way to find out about new and upcoming designs and get some insider tips on where to find the best deals.
What can you do with my Potatoz NFTs?
So you’ve bought some Potatoz NFTs, and you’re wondering what to do with them. Well, there are a few things you can do:
- Collect them: This is probably the most popular option. Just like with physical collectibles, some people just like to collect NFTs. It doesn’t matter what the NFT is; they just like having them.
- Sell them: If you’re not interested in collecting Potatoz NFTs, you can always sell them. You can list them on different NFT marketplaces, like OpenSea or Rarible. Or, if you want to get creative, you can create your auction.
- Trade them: Another option is to trade your Potatoz NFTs with other people who are also looking to trade. This is a great way to get the specific NFTs you want without spending any money.
- Use them: NFTs come with a wide range of utilities. For example, some games have in-game items that are stored as NFTs. So if you have a Potatoz NFT, you can use it in the game to get some benefits that other players don’t have.
How can you participate in the Potatoz community?
There are a few different ways you can participate in the Potatoz community.
- You can buy Potatoz NFTs. These can represent anything you want, from in-game items to digital art.
- You can trade Potatoz NFTs with others. This is a great way to get your hands on the types of Potatoz you want.
- You can participate in Potatoz forums and chat rooms. This is a great way to meet other community members and learn more about the game.
The Potatoz NFT is a great way to show your support for Memeland and the things they stand for. Potatoz NFT is growing, and so is the industry’s popularity and adoption of NFTs. If you are looking for a career in NFT development and blockchain technology, you must check out our NFT certification, which comes with a lifetime valid certification recognized by top global brands. Hope this blog has helped you to answer every concern about Memeland’s Potatoz NFT. For more such reads, you can refer to our website.