Minecraft YouTuber raises $1.2M for meme prediction app

Nineteen-year-old Justin Jin has successfully raised $1,234,567 for Giggles, a new app described as a blend of a trading platform and TikTok, focused on meme prediction. The concept originated from a viral TikTok joke about a fake app, which gained significant traction, prompting Jin and co-founder Edwin Wang to develop the actual application. Giggles allows users to invest in the virality of short videos, with plans to integrate cryptocurrency trading. The app aims to capitalize on user engagement by creating a 'doomscroll feed' that taps into dopamine cycles.