MemeChat
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About
MemeChat[10] is an Indian social networking app centered around the creation and dissemination of memes. It was started in 2019 by 2019 by Taaran Chanana and Kyle Fernandes, who met during their time studying at a Delhi Public School. The platform won the "Aatma Nirbhar Bharat App Innovation Challenge" under the Entertainment category in 2020, and has since launched the MemeChat Keyboard, a meme NFT club and an artificial intelligence meme generator named AMY.
Background
MemeChat[10] was started in the summer of 2019 by Kyle Fernandes and Taaran Chanana, two classmates at a Delhi Public School and later at the SRM Institute of Science and Technology in Chennai. The app won the 2020 Aatma Nirbhar App Innovation Challenge launched by MyGov, the citizen engagement platform of the Government of India.[1] On August 7th, 2020, MemeChat quote tweeted the official MyGovIndia account to thank them for the award.[2]
Developments
By August 2020, the app had over 500,000 users.[1] By January 2021, the app had raised over $150,000 from global venture capital firms and was made part of the 500 Startups flagship accelerator program for its 27th batch in 2020.[3] The app launched MemeChat Keyboard to integrate meme creation into messaging platforms in 2020.[4]
The app's primary feature is to help users generate revenue from the creation and dissemination of memes. The MemeChat website's FAQ page offers a list of different ways a user can use the app to add money to their in-app "wallet," which can subsequently be withdrawn at a taxed rate (seen below).[5]
On January 31st, 2022, MemeChat launched its NFT project, "the Meme Club." According to the Economic Times, "MemeChat is now the largest dedicated marketplace for minting memes and has successfully sold 100 NFTs with a total of 7000 Matic GMV as of 31st Jan 2022. A total of 70 creators benefited by minting their memes on the platform in just the first 90 minutes of the launch."[6]
As of December 2022, the app has over 60,000 Instagram followers,[7] 6,000 Twitter followers,[8] and 400,000 Facebook followers.[9]
Various Examples
Search Interest
External References
[1] Insights Success – MemeChat Wins
[2] Twitter – memechat_app
[3] LinkedIn – MemeChat Funding
[4] Latestly – MemeChat Keyboard
[6] Economic Times – Meme Club
[7] Instagram – memechatapp
[8] Twitter – memechat_app
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