The MemeFi project was initiated in 2023, focusing on developing its core gameplay mechanics and community engagement. In Q4 2023, MemeFi conducted proof-of-concept testing and launched a pre-alpha version to gather user feedback.
In Q1 2024, the team expanded public testing and introduced gamified campaigns to enhance user interaction. By Q2 2024, they refined gameplay elements, including player-versus-player (PvP) battle modes and character customization options.
A significant development occurred in October 2024 when MemeFi announced a strategic partnership with Mysten Labs, leading to a migration from Ethereum's Linea network to the Sui blockchain. This transition aimed to leverage Sui's scalability and low transaction fees to improve the gaming experience.
The official launch of the MEMEFI token was initially scheduled for October 9, 2024, but was postponed to November 22, 2024, to ensure a smooth rollout. The token will be listed on major exchanges, including KuCoin.