According to an official announcement by Memeland, the team has announced that it is incubating an L2 blockchain network exclusively for memes and meme coins. It is said that this network is compatible with EVM and can provide native ETH and stablecoin returns, which come from the underlying Ethereum staking and trusted RWA protocols.
The official website states that, in addition to this, Memeland may issue a new token and use the already circulating MEME token as the native gas payment medium. Memenet is expected to launch on the testnet in June and go live in September.
Possibly influenced by this news, the price of the MEME token has risen against the trend. According to OKX trading data, the price of MEME token once exceeded $0.043 and is currently quoted at $0.04216.
