The first-ever memecoin funding round: Who won?
Five Latin American projects competed for NEAR token prizes in a three-day voting contest
For three days, crypto enthusiasts across Latin America cast their votes in a first-of-its-kind memecoin funding round. Backed by Meta Pool and memedotcooking, the competition awarded over $12,000 in NEAR tokens to projects aiming to make their mark in the region’s booming memecoin scene.
The winning projects were awarded NEAR tokens, with first-place winner Dom AI receiving approximately $5,500 USD (1200 NEAR). SpearOnNEAR took second place with $4,000 USD (900 NEAR), while Plebes secured third place, earning $2,700 USD (600 NEAR).
The results were announced on Thursday, with Dom AI leading the competition with 18,342,816 votes, followed by SpearOnNEAR with 16,215,162 votes, and Plebes with 11,801,870 votes.
How does memecoin funding work?
This funding round marked a significant moment in the memecoin space in Latin America, with a total of five projects participating: Dom AI, SpearOnNEAR, Plebes, Want to, and SnakeSnap.
Participants were able to cast their votes for their favorite projects, contributing to the growing engagement between token creators and the crypto community. By offering a transparent and interactive process, the event sought to foster trust and encourage greater involvement from the public.
Latin American memecoin market
The partnership between Meta Pool, memedotcooking, and Sr. Puuul was designed to reinforce the memecoin market in Latin America, which has seen significant growth in recent years.
The funding round highlights the increasing interest in memecoins, which are now viewed as more than just a passing trend in the cryptocurrency space. With platforms like Meta Pool driving these initiatives, memecoins are steadily gaining recognition as a valid investment and a key component of blockchain ecosystems.
As 2025 progresses, the memecoin market continues to expand across Latin America, with heightened adoption and growing popularity. The support of major platforms, along with the participation of large social media communities on platforms such as X and Reddit, has amplified the visibility of memecoins.
In addition, the integration of emerging technologies like artificial intelligence (AI) and decentralized finance (DeFi) has opened up new opportunities, making memecoin projects even more attractive to both investors and crypto enthusiasts.
