GraFun, a memecoin launchpad on the BNB Chain, has recently announced the launch of GraFun Labs, a new initiative aimed at supporting the growth of the meme ecosystem through strategic partnerships with DWF Labs and Floki.
The primary goal of GraFun Labs is to assist new memecoin projects in developing a unique narrative through its Growth Program. By collaborating with trading firm DWF Labs and Floki, the largest memecoin on the BNB Chain in terms of market capitalization, GraFun Labs aims to provide support in community growth, branding, marketing, engagement, and influencer marketing for smaller memecoins.
According to a representative for GraFun, memecoins play a significant role in driving the crypto market, influencing on-chain volume, and shaping the cultural identity of the crypto space. The establishment of GraFun Labs is expected to empower upcoming memecoin projects to reach their full potential.
Developers behind GraFun emphasized the importance of a strong narrative and a unique approach for memecoin projects, encouraging interested parties to apply for the Growth Program through GraFun Labs’ online submission form.
GraFun made its debut on the BNB Chain in September with a “Fair Curve” mechanism for issuing new memecoins, which aims to minimize the risks of rug-pulls, reduce price manipulation, and protect users from financial losses. The platform saw over $250 million in trading volume within its first 24 hours on PancakeSwap.
In other news related to the cryptocurrency industry, Tesla’s recent decision to move Bitcoin, the struggles of a Trump-supported token, MoneyGram’s announcement of the MoneyGram Wallet, and the impact of Bitcoin ETFs on adoption have been making headlines.
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Shaurya, the Deputy Managing Editor for the Data & Tokens team at CoinDesk, focuses on decentralized finance, markets, on-chain data, and governance across various blockchains. For more updates, you can follow @shauryamalwa on Twitter.