What is Mr Miggles (MIGGLES)?

Deep Dive

1. Purpose & Value Proposition

Mr Miggles aims to redefine intellectual property by letting communities co-create a globally recognized brand. Originating as a memecoin in 2024, it pivoted to building a decentralized IP after surviving a rug pull. The project positions itself as "the creators’ cat," emphasizing collaborative storytelling across digital art, gaming, and physical merchandise like plushies and apparel (Meet the Miggles Team).

2. Ecosystem Fundamentals

The Miggleverse spans:
- NFTs: Limited-edition collectibles minted onchain (e.g., UNDOXXED collaborations).
- IRL products: Toys, fashion lines, and space-themed campaigns like MoonDAO’s lunar mission.
- Gaming integrations: Community-driven events like the Bitcoin Derby, where token holders boost race outcomes (Miggles Lands on the Moon).

3. Tokenomics & Governance

MIGGLES tokens fuel a creator economy flywheel:
- 50% of Zora platform fees from Miggles NFT sales buy back MIGGLES tokens.
- 60% of these buys fund a Creator Fund for artists, while 40% support ecosystem growth.
- No traditional governance structure; decisions align with Coinbase’s purrLabs partnership for IP development (Creator Fund).

Conclusion

Mr Miggles merges meme culture with decentralized brand-building, using crypto to empower creators and bridge digital/physical worlds. Its success hinges on balancing community whims with sustainable IP expansion. Can a meme-born cat outpace centralized rivals in the race for mainstream cultural relevance?