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There's a new social network on the scene, and its name is Veme.
It's a "social video network built for communities," as founder Raamayan Ananda puts it, and it uses AI tools to turn text into viral, culturally relevant short-form video memes, TechCrunch reports.
"About 90% of internet traffic is going to be video this year," he says.
"We're filling in the gap where social video has become the predominant medium of cultural exchange engineering today."
What makes Veme different from other short-form video sites is that it has a "decentralized public library" of clips that people can use to post their own memes, reply to others' memes, and create their own memes, among other things.
"It's all about community engagement and retention," he says.
"Inside your communities, you can create debates, discussion, AMAs.
If you're in a cat community, you can share your own cat moment of the day.
You can play social media, video games.
You can add your own clips to a clip library.
That's where the name comes from the video meme generator."
The company has raised $2 million so far in two rounds of token sales.
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