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Featuring Memehunter: an idea developed at the AE hackathon

Featuring Memehunter: an idea developed at the AE hackathon

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Featuring Memehunter: an idea developed at the AE hackathon

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Hey Crowdholders 

 

We would like to introduce you to a hackathon idea that CEO Ethan Clime presented with a team of developers last weekend. They announce the top 3 winners at the conference (Sept. 20th & 21st) where AE will give a budget for the winners to begin their projects. 

 

 

What we need from you: 

 

Here is the video stream of the event. Please go to 9:08:18 of the stream to watch Ethan's 6-minute presentation.  

 

 

Now for our questions: 

 

  • What're your first thoughts?

 

  • Do you see popular meme creators welcoming the idea to add a newly created meme to memehunter as a way to earn from their work before publishing on the open internet?

 

  • Do you have any constructive criticism that could help adopt the model? 

 

 

Note: if we do place in the top 3, we would plan to have this project open-sourced and make sure CH and our community are directly involved. This will include a strategy that supports CH and our tokenomics. 

 

We look forward to your feedback!

 

Cheers, 

CH Team





42 COMMENTS 239 VOTES

Most recent Most voted Most verbose

I hate to be a downer, but...

While it's a fun idea, no. I don't see a value proposition here, it's the wrong market. Meme creators usualy take images from random sources (copyright issues) which they manipulate. What's the value of buying a meme when the whole concept of a meme is that you can't own it? I don't get it from a buyers perspective. From a creator I somewhat do in terms of money; but is that the incentive to create a meme? 

Now, what if noone buys the meme? The creator will put it online anyways... The incentive just isn't there.

10 months ago

Karen M guru

Good points Steven. There just doesn't seem to be a market for memes

10 months ago

If you watch the presentation again you will see the fact that there really is a market for it, there are sites where pictures are sold and up till today those sites are still existing, it will be the same for memes, we just have to give it enough push.

10 months ago

Karen M guru

I went back and watched again at your suggestion Rapheal. I agree there could be a market for memes but a big push is going to be needed.

10 months ago

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  • What're your first thoughts?

The project is nice and I find Ethan's speech very interesting because it leaves a very clear concept behind the project and very understanding.

  • Do you see popular meme creators welcoming the idea to add a newly created meme to meme hunter as a way to earn from their work before publishing on the open internet?

It's like asking a footballer if he wants to make money with his hobby, playing football. I think the answer is clear, Yes. In the end, they are people who want this world to grow and if they can contribute to it, so much the better.

  • Do you have any constructive criticism that could help adopt the model? 

The hardest thing is to sell the product. I think you have to work a lot on this part and focus the project well, make it as understandable as possible, and look for a good way to attract the target audience. One of the best ways currently used to attract users is through reward campaigns.

10 months ago

TOM STEEL guru

This is kinda sad and also kind interesting because it will mean that we will not be getting any more quality free meme, for me, it is a good thing as it will make people be able to make a living out of meme production and use it to advance their carrier.

since they will be making some cash from it I see it that meme creators will be very willing to put up their work there for the extra cash, they will be able to improve on their skills and also their web reach by using this medium.

i will say that this approach should be tested first for its success, for now, I can't think of any more way to this, just an advice that the team behind this should put effort so as not to be too money focus and lose the main aim of the project thus leading to its collapse.

great work looking forward to more from this.

10 months ago

The first line almost got me confused, but I get your point, will be expecting more from this.

10 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

1. my first for this is that, no matter the skill that you possess these days you will be able to use to make a living for yourself. the project is nice and also has a very good concept behind it i love and would like to see it grow because i have been there (a meme creator) myself.

 

2. asking if meme creators would like it is like asking if people will buy iPhone 4 when it is packed with an iPhone 11 casing, it is a big YES. anybody wants to see the market grow and expand and also most importantly wants to earn from it and now that it can be done more directly more persons will be very interested to work with it.

 

3. i will say a way to make it easily adaptable is to show to the world and the other competitors that this solution can work, it can be done by employing freelancers that can generate content that will be put there and when the others see the progress of this project they will be begging to join in.

it can also be promoted by looking for small creators and inviting them to join the site when these small ones grow and become successful, from there you have got yourself a market niche and then you can spread the word to the others who will by then be waiting for a chance to join in.

and also by doing, more campaigns here and on the other various media outlets you will be able to get more viewers and users to your site and project.

10 months ago

TOM STEEL guru

The third option is very good and is also the very proposed solution since many old creators might not want to join at first, finding new ones will be the easiest way out. to prove it success.

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

I also agree, meme creators need to be a special "guild" that is selected to prevent anyone to just find a free online meme and post it. They need to be creating original work.

10 months ago

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Very nice i can also see that you will be very much willing to participate in this project, that's very good for you.

10 months ago

Dean Walsh guru

Don't listen to me because of who I am, I'm nobody like everone else.

My first thoughts are it sounds really cool and would be great if it worked the way you describe. You talk about new memes being posted by meme creators which is awesome, but I think its probably more likely to be stuffed full of old memes posted by people who didn't create them but just found them on the internet and want to make a quick buck off someone else's work. You would also get a lot of people with zero talent who maybe wouldn't even bother making memes usually but will make and post loads of them in a vain attempt to make money because they've got nothing better to do at that time. Any good quality original memes posted by creators will just get buried under all this rubbish, won't it?

I don't know any meme creators but human nature being what it is I think some will probably be interested if it looks like there is a market and they might actually make some money.

My constructive criticism is that while keeping it as simple as possible definitely looks like a good idea, there probably needs to be some way to sort the wheat from the chaff. 

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

Hey Dean, you have some good points. How I think we can solve the issue you brought up is to have meme creators be invitation only. Meaning, artists can't just join for free... Instead, they apply and are selected. I picture reaching out to some of the top meme creators to join a meme "guild" where their new work is displayed on memehunter for sale. Meme creators who are selected would already have a large following for which they bring their followers onto memehunter to get access to their newly created memes.

10 months ago

Karen M guru

I agree there will always be those who take fr.others and claim the work as their own. We see it on here with posts.

10 months ago

Primoz Obolnar expert

Crypto enthusiast and in love with travelling

Hmm...my first thought when I had seen the video was: "not gonna work". I was thinking about all the memes out there and how easily accessible they are. So why would someone want to pay for them?

After some thought I somehow changed the mind. This could work, but of course, ONLY if it turns out that there really is market for memes.

Since the initial investment in the business/web page would not need to be so big, it could be worth to try. However, on the opposite side...even if the cost of developing such a site will not be high...advertising it, might be more costly. It will be of no use even if the web site will be super easy to use and super useful, if nobody will know about it and use it.

I believe that of course people who create meme would be glad to earn something from it, we all like when we earn something :) The most important question here is, if people will actually be willing to pay for memes and to support the authors. They are used to get memes for free after all.
 

In the end, I would still encourage the team behind Memehunter to do it. If it turns out that there is a market for it, it can earn them some profits. Moreover, of course they could add other features to the page, when they would had basic framework built. Just do not forget to invest in marketing or nobody will know that the page even exists :)

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

Cheers for the feedback, definitely your thoughts are on point. As we won 3rd place in the competition we have a budget of $600 to get it going. The budget will only allow the ability to make the first alpha (ui/ux design, a skeleton of the backend and open source help potentially utilizing Gitcoin. I'm having the meeting with the memehunter team this week to go over the plan.

10 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

Wow, this is very great news, now we have an ever-expanding community. looking forward to the starting of the project. would be very much willing to join.

10 months ago

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Karen M guru

I watched Ethan's presentation. Well done! I think meme creators would love to get paid for their work, in crypto of course. I don't know that very many people would pay to buy a meme though. Therefore, I think it would be best if the payment could come from ads, or possibly a tipping option similar to Brave or publish ox.

10 months ago

TOM STEEL guru

The tipping option is not really very useful because the value of the meme will not be gotten easily when done through that way.

10 months ago

Karen M guru

That's a good point

10 months ago

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NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

Tipping function might be used at the start to get more people there, but it is never the best means to purchase value.

10 months ago

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As memes essentially are public domain, in my opinion the meme itself ought to be published with zero copyright. However games around the meme can be profitable. 

10 months ago

I saw Ethan's meaningful presentation and I think the idea is great. I don't think there is any foolish meme creator who doesn't want any reward for his work. Maybe he wants to make more money than before. So, if he can make more money safely in adding a newly created meme to memehunter as a way to earn from his work before publishing on the open internet. he'll definitely welcome it without any doubt.
 
Of course, in order to keep the meme works safe, the decentralized blockchain can be used and recommendable. But frankly, the general public is still  unfamiliar with blockchain and cryptocurrency. In other words, most meme creators may feel bothered and uncomfortable on new payment system. Thus I think we need to come up with an alternative.

10 months ago

wow, this is very nice, i have thiought about an idea like this before and i think that this project has brought the idea into light.

Most creators will be very hapy with this idea and will likely be also very welcoming to this idea, i think that creators will be very happy to take this into consideration and also it will improve the qulaity of memes that are created and also inceraee the value of this market.

i also think that to make the project more whorth while, administrators will be created in the different platform to be able to check the quality of the memes that are created and also that they will be paid for their work, this will greatly create a very big niche here in the webspace also.

i very much hope that this project comes into light.

10 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

more success stories and work will be all there is needed, nice one namesake.

10 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

- First thoughts? I think the presentation was well done and kudos to the other two developers (Suki and Justin) for coming up with this wonderful idea. Judging from the direct and indirect competitors you gave, I believe the meme market is still at a stage where your idea can swing into a leading position giving you that leverage possessed by companies like Google and Facebook. Get it? In other words, this idea can give you a very large user base which can make you dominate the meme market and I will be very happy if this becomes the case because I'll be a part of Crowdholders who made it happen.

- With respect to meme creators welcoming the idea, I think it will be a yes. Who doesn't wanna earn a few bucks (or crypto for that matter) these days? Memehunter will surely help meme creators monetise their work. Even the meme creators on Fiverr you talked about can have multiple jobs now because they can create memes separately for their clients and other ones for meme hunter. The way I see it, your model makes sense because some creators really want to publish their work FOR FREE. It, therefore, is reasonable that you want to earn most of your revenue in the first (and maybe second) week after publishing. This way, those creators who do not want money (or too much money) for their work are also satisfied. It sorts of kills two birds with one stone.

- With your target being the crypto audience, don't you think majority of the people will be left out? Also, a lot of meme creators aren't crypto savvy either. Don't you think introducing a payment system where they can buy memes by exchanging PayPal/Credit card etc. with AE tokens will help? Not many people will like to go through the stress of downloading and installing wallets, especially non-crypto users - who are a lot by the way.

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

You might recall the go-to-market strategy is the test with AE people who have tokens and this will include CH community). This makes me think from your suggestion to skip phase 2 (the whole crypto market) and go directly to Phase 3. Thus having fiat payment gate to purchase the memes which in the backend can be exchanged to AE to fund the creator). But have a discount (5% normal bank fees gone) to just pay in AE, so people can begin using waellet to save money. However, this brings up the problem with cash reclaim, where someone can tell their bank they never received the service, and they then request the money back even if the dispute is wrongfully done. This still goes through a procedure. Some people may abuse this creating issues with a conversion payment method after it's too late and was put into AE. Will need to ponder more about this.

10 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I never knew people could do that. I guess my ignorance knows no boundaries. Maybe you could ignore banks altogether and use PayPal, Web Money and other modes of online payment only for the payment and backend exchange.

10 months ago

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NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

i think that the idea of using the crypto exchange and making it a more cheaper way of payment is good because it also encourages others and more people into the crypto market and thus increases the value of coins and tokens, which is a very good thing for our community right now.

10 months ago

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10 months ago

mike dmann guru

I am excited about the future of all crypto currency.

Yeah it is a good idea. As a professional meme maker, i would love to be payed for my artistic trolling.

I think many people would jump at this chance to make some $$$!

Most professional meme makers have to lie about their political careers and can not always claim to be the creator.

I would like to see an anonymous way to make this all work.

10 months ago

yehia tarek expert

Full stack Blockchain developer Looking for new Challenges

What're your first thoughts?

-Nice presentation I like what Ethan said and I am really exited about this project.

Do you see popular meme creators welcoming the idea to add a newly created meme to memehunter as a way to earn from their work before publishing on the open internet?

- The most beautiful thing in the world is to earn money from your hobbit. I am sure it's an interesting idea it will be popular. But again it should be more profitable than making your memes on a Facebook page.

Do you have any constructive criticism that could help adopt the model? 

Make the earning reward program  detailed and clear as possible, because the hardest thing on this kind of projects, that no one who is series about earning money will start .Unless he understand how to calculate his reward exactly.

 

10 months ago

mike dmann guru

I am excited about the future of all crypto currency.

Some people think i am a slave owner just cause i make my hobbit put in 10 hours a day. This why we need to be able to edit after we publish. I have done this way to many times.

10 months ago

Fred Blauer guru

Open for business

My first thought is I dont have any idea what you are talking about. What is the context or background? What are you trying to accomplish? What is the purpose of this? It may be obvious to you, but not to me. 

10 months ago

You should watch the presentation video. You will understand it better.

10 months ago

Excellent presentation by Ethan. I asked a few questions after the problem was presented and you answered them all.

My initial thoughts, I think it is a great idea. I have always advocated for creators and artists benefitting from their work and this is a step in the right direction.

Popular meme creators will definitely welcome the idea because it's an avenue to earn extra income.

I was hoping to here about how the distribution will be controlled. Eg. If person A buys meme from memehunter and post it on facebook, person B downloads it from facebook bad reuses it. This means the creator earned from only person A. I would like to know what measures are in place to curb that. 

Anyway, that idea is impressive.

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

Good point, how I see it is the earnings would come within the first week from being published on memehunter, as people usually have different community groups they represent, not everyone is going to know where to find the duplicate. Although some people will find it to re-share, the hope and the test would show the first wave of buyers. In fact, I see the meme creator posting on their Instagram (after a week) when purchasing dies down to add to their portfolio of memes, that is free to share. I assume people would want to buy to be the first, and not spend all their time searching to find the meme if someone had already shared.

10 months ago

Fred Blauer guru

Open for business

Link seems to be broken. I cant access the event stream

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

nice find, will fix.

10 months ago

Ethan Clime guru

CEO of Crowdholding.com

fixed

10 months ago

It works

10 months ago

TOM STEEL guru

I hope you have been finally able to view the video, the presentation was nicely done and very straight to the point.

10 months ago