# 2.2.1 MEME Art Mainnet

#### MEME Art - The world’s first highly creative and instantly rewarding app for creators

<figure><img src="https://raw.githubusercontent.com/KitJacky/Meme-Art/main/images/004.jpeg" alt=""><figcaption></figcaption></figure>

MEME Art is the world’s first NFT (non-fungible token) platform that allows users to create and publish memes without any coding knowledge. All memes created on the platform are minted as NFTs and stored permanently in the MEME Network blockchain, providing creators with true ownership and monetization opportunities for their works.

The Heritage System is a unique feature of MEME Art. It works as a family tree with a royalty structure, where the original creator and the derivative work creator are both incentivized in $MEME. The creation fee for MEME Art is 2000 $MEME, and the tokenomic distribution formula is designed to reward both the creators and the MEME Art Fund.

40% of the creation fee will be distributed to the creators, broken down as: Parent Reward 30%: When a MEME is recreated by another person, the previous parent will receive 30% of the creation fee. Origin Reward 10%: If the creator is the original creator, they will receive 10% of the creation fee as a reward.

{% embed url="<https://youtu.be/Sc7p5pMUTfI>" %}
Money layer of internet memes
{% endembed %}

**The tokenomic distribution formula for MEME Art is as follows:**

<figure><img src="https://raw.githubusercontent.com/KitJacky/Meme-Art/main/images/002.jpeg" alt=""><figcaption></figcaption></figure>

**40% of the creation fee is allocated to the creators, which is broken down into:**

* 30% Parent Reward: When another person creates an NFT based on your work, you will receive 30% of the creation fee as a reward.
* 10% Origin Reward: If you are the original creator, you will receive 10% of the creation fee as a reward.

**60% of the creation fee is allocated to the MEME Art Fund, which is broken down into:**

* 10% Library Contributor Fund: A fund for rewarding contributors of the MEME Art library.
* 10% Top 20 Liked MEME Fund: A fund for rewarding creators of the top 20 liked memes of the month.
* 10% Top 20 Viewed MEME Fund: A fund for rewarding creators of the top 20 viewed memes of the month.
* 15% Event Fund: A fund for supporting MEME Art related events.
* 15% MEME Art DAO Fund: A fund for supporting projects proposed by the MEME Art DAO.

<figure><img src="https://raw.githubusercontent.com/KitJacky/Meme-Art/main/images/003.jpeg" alt=""><figcaption></figcaption></figure>

**Mainnet dapp :**

[https://memeart.io](https://memeart.io/)

**Mainnet UI :**

<https://memeart.io/details/63fc3793e007fdf2ab4c8d13>

**Mainnet Metadata :**

<https://2023.memeart.io/api/nft/metadata?nftId=63fc3793e007fdf2ab4c8d13>

**Metdate Json :**

```
{
   "status":"success",
   "data":{
      "tags":[
         "Bitcoin",
         "ordinals",
         "NFT",
         "MEME",
         "Inscription"
      ],
      "title":"undefined",
      "seqNo":22,
      "nftType":0,
      "url":"https://memenetwork.infura-ipfs.io/ipfs/QmNwH9kkYroMkqHtesGNpaSjDBR831ReKqkShjGPEx8Qiy",
      "layers":"63fc37a3e007fdf2ab4c8d1b",
      "region":"",
      "description":"Bitcoin Meme\r\n\r\nhttps://ordinals.com/inscription/a718fa58d6cd1fb2751973ac9929ac9ff114853233ba3b77ed4c0bcecfe1758ci0\r\n\r\n#Bitcoin #ordinals #NFT #MEME #Inscription",
      "_id":"63fc37a3e007fdf2ab4c8d1d"
   }
}
```

**cw721-Heritage-System Contract source code**\
<https://github.com/memecosmos/MEME-Art-NFT-smart-contract>

**CosmWasm CW721 with MEME Art tokenomic contract in MEME Network mainnet:**\
<https://ping.pub/meme/account/meme1zwv6feuzhy6a9wekh96cd57lsarmqlwxdypdsplw6zhfncqw6ftqcda87z>

**Mainnet IPFS :**

<https://memenetwork.infura-ipfs.io/ipfs/QmNwH9kkYroMkqHtesGNpaSjDBR831ReKqkShjGPEx8Qiy>

**CosmWasm Contract**

Code ID : `5`

Contract Address : `meme1zwv6feuzhy6a9wekh96cd57lsarmqlwxdypdsplw6zhfncqw6ftqcda87z`


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