The problem Memeschain solves

Balaji Srinivasan perfectly outlines the problem and our solution here in this tweet https://twitter.com/balajis/status/1370373708506750977

The meme economy will become real.

• Meme creators will make NFTs
• Timestamps give proof-of-first
• Memegen partially goes on-chain
• Memetic spread is more traceable
• Memers become millionaires
• Risky art becomes uncensorable & monetizable
• Art moves outside regime control

Memers can monetize privately.

• use real names, pseudonyms, or be anonymous
• persistent pseudonyms are distinct from anonymity
• digital sigs allow persistent pseudonymity (eg “Satoshi”)
• on-chain tracking will eventually be at creator discretion, via view keys or equivalent

Challenges I ran into

Searching for duplicates or very similar memes using an AI suite on the blockchain. To achieve this I made a copy of the metadata of every NFT meme that was created to the db and then ran pHash + Levenshtein distance on the db and a string match on ETH nodes to figure out the duplicates.

Using a oracle for auction pricing determination.