Blockchain technology will be used for many different purposes over the coming years. While there is a strong focus on the financial sector right now, content creation is another industry which stands to benefit from immutable solutions. Goatse aims to facilitate meme creation with blockchain technology. Although a lot of people will shrug that off as a joke, it remains to be seen if this venture takes off.

Goatse Combines Memes and Blockchain

One has to acknowledge there is a fair amount of creativity in the world of blockchain technology right now. Indeed, we come across some rather unique use cases for this technology on a regular basis. Not every such venture will be a big success, mind you, though that doesn’t mean they’re not worth exploring. Goatse is one of those out-of-the-box projects that may not be big successes, although its business plan sounds pretty interesting.

As is always the case with a new project hosting an ICO, one has to keep in mind that this venture may not necessarily be legitimate. There have been a few “useless” tokens created through ICOs in the past, and Goatse may very well end up on that list. Meme creation on the blockchain sounds like one big joke, but one has to keep an open mind to concepts such as this one.

The Goatse team claims they will create a blockchain-based incentivized meme creation platform. No one can deny memes have become a big part of the internet in the past few years, hence the idea for a market where people could get paid to create and share memes. All of this will be powered by the Goatse Coin, which will be sold during an upcoming ICO. Whether or not there is a need for such a platform remains to be seen, though.

The project’s website contains more information as to why this venture was created in the first place. Goatse is a term most memelords will be all too familiar with. Attaching an actual “business” to this term will be pretty interesting, to say the least. Meme creation is a booming business, as these images are capable of brightening most people’s days. The Goatse team mentions how “truly dank memes are becoming increasingly rare”. There is a certain truth to this statement, although this platform may not necessarily alleviate those concerns.

A lot of people will shrug off Dogecoin as a joke coin, even though it has some real-world value. Dogecoin has been at the center of attention in multiple instances. Whether or not Goatse Coin can reach similar heights – or perhaps even surpass it – remains to be determined. There will certainly be people interested in a project like this one, even though there is a very real chance this particular creation is a joke more than anything else.

The associated whitepaper certainly doesn’t confirm the validity of this project, even though it makes for an entertaining read. Someone clearly put a lot of work into this project, and it is possible some money will be raised during the upcoming ICO. If this project is indeed real, it may become one of the biggest blockchain-based content creation solutions in existence. And if it isn’t? Most people will get a good chuckle out of it regardless.