// MEH VOTE
the decentralized marketplace for intellectual property
Meh is a network of d/apps running on the decentralized internet. Meh.vote is the capitalization instrument of this network and the first d/app published by Meh Labs.
Meh.vote is the decentralized marketplace for intellectual property. It quantifies the product market fit captured from the Meh network through a gamified bidding process. This bidding process results in a series of tradable futures contracts representing the value of the intellectual property.
These ERC-721 contracts can be plugged into the Meh network as covenant to future ad and e-commerce earnings of that product.
// MEH NETWORK
The Meh network consists of artificial automation running on the centralized internet, connected to Meh d/apps on the decentralized internet. Value and information is able to flow between the Meh centralized mesh and the Meh decentralized mesh through CCIP, the Cross Chain Interoperability Protocol developed by Chainlink Labs.
This paper describes the pre-capital portion of the decentralized network, meh.vote.
The Meh network origin is a creative process of algorithmic derivatives automated through social networks. These product derivatives are created in a process of digital workflows, artificial intelligence & automation. They are served on Meh social networks just as an ad might be served in search results.
The Meh network is built on reinforcement learning & rapid iteration. It quantifies a product’s appeal through the haptic feedback received from Meh social networks. Analytics from these networks are fed back into the model to produce the next series of creative derivatives. Each iteration produces variations more likely to succeed.
The Meh network is designed to take pre-capital IP & refine it into a commercially viable product through rapid artificial prototyping. Meh vote is the capitalization instrument of this network and is designed to quantify how big the product market fit may be.
// PRODUCT CAPITALIZATION
IP on the Meh network accrues value for contract holders in a variety of ways. Physical products digitize and earn transactional revenue on meh.store. Digital products and services earn ad-tech revenue. Service oriented d/apps capture value through token issuance.
The Meh network forms a protocol enabling IP to capture value from both the centralized and decentralized internet. The Meh network transmits this value through a series of d/apps and protocols, and evenly distributes these royalties to contract deposited on the Meh network.
Founders using the Meh network are able to capitalize their IP through the fractionalization of the IP’s future earnings. These fractionalized contracts are ERC-721 tokens, enabling founder liquidity as well as a market based price discovery for the founder’s IP and execution.
// MEH STORE
Meh.store is the onchain distribution network for the digital and physical products who reach product market fit from meh.vote.
After a product is capitalized on meh.vote, it is opened on meh.store for pre-sale. Products on meh.store are themselves ERC-721 tokens & form the basis for decentralized commerce.
Please subscribe to our Substack to receive information on our second d/app, meh.store.
// CONTRACTS
The contracts open for deposit on meh.vote are ERC-721 royalty contracts. These contracts are NFT with the ticker symbol MR1 and shall be referred to as Meh contracts.
Meh ERC-721 contracts can receive, hold, and extract ERC-20 tokens. This is to say, you can deposit and hold Meh inside your Meh contract and we intend to experiment algorithmically with this feature. Anyone can deposit Meh into your contract. Only the owner of the contract can extract it.
For every tx on meh.store, owners of the Meh contract will have Meh deposited into their contract. The owner of the Meh contract can extract this passive income at any time, or keep it in the contract, algorithmically boosting its yield.
All purchasers of Meh contracts will have their ERC-721 contract loaded with Meh as a thanks for participating in our first d/app. Tokens will be distributed inside the contract and can be extracted anytime after July 4th 2024.
Meh contracts are all equal on mint. Meh contracts for deposit acquired on meh.vote are the same contracts the Meh team will own & deposit. The Meh team is selling a small portion of these contracts to demonstrate the tech and open meh.store for decentralized operation and capitalization.
// LIMITED RUNS
The Meh contract allows for a product to be digitally scarce through a limited run. Products on a limited run are special and minted to a scarce amount. Other products are commercial and have open ended periods on meh.store.
Both limited and unlimited products are distributed as ERC-721 tokens on meh.store.
// PRIZES
The wallet with the most deposits for each product will win a prize in Meh. Meh will be split in the event of a tie. Prize Meh will be distributed shortly after the game ends and have no locking or restrictions.
// PRODUCTS
This section lists the metadata of the 7 products we are launching on Wednesday, May 8th at 7PM PDT. Visual product descriptions are live on meh.vote.
// MEH SHIRT 01
total contracts - 1000
contracts available - 75
contract price - 10,000,000 Meh
prize meh - 25,000,000 Meh
opens - wednesday// MEH HAT 01
total contracts - 2000
contracts available - 150
contract price - 2,500,000 Meh
prize meh - 10,000,000 Meh
opens - wednesday// MEH DIGITAL STICKERS 01
total contracts - 250
contracts available - 250
contract price - 1 Meh
prize meh - 25,000 Meh
opens - wednesday
limited run// MEH DECK 01
total contracts - 25
contracts available - 25
contract price - 50,000,000 Meh
prize meh - 100,000,000 Meh
opens - thursday
limited run// MEH SHIRT 02
total contracts - 1000
contracts available - 250
contract price - 10,000,000 Meh
prize meh - 100,000,000 Meh
opens - friday// MEH HOODIE ERC-721
total contracts - 50
contracts available - 50
contract price - 20,000,000 Meh
prize meh - 50,000,000 Meh
opens - saturday
limited run// MEH HAT ERC-721
total contracts - 2000
contracts available - 500
contract price - 2,500,000 Meh
prize meh - 5,000,000 Meh
opens - sunday// TERMS OF SERVICE
Meh is experimental ad-tech. No future utility is conveyed with Meh digital tokens. All forward looking statements and plans represent the current ideas of Meh Labs. Meh Labs fully reserves the right to halt or alter our plans as we build out our network and products.
Meh d/apps are completely decentralized and can be accessed via EVM and a signature. UI provided on meh.vote is for convenience and ease of use but not necessary for participation. Use at your own risk.
The Meh team has freely distributed Meh to wallets to participate in our first d/app. Decentralized applications have inherent risk and none of this should be construed as financial advice. Meh is experimental and many experiments fail. DYOR/NFA.