flâneur

curious gurnoor | memecoins are the first crypto-native video game

paragraph.xyz · 369 words · saved by 1 readers

We had a very interesting team research meeting last week centered on intellectualizing memecoins. We could very well be overthinking this framework, and in reality, memecoins exist as a 24/7 global casino, but it's an interesting exercise nevertheless. We were debating the extent to which memecoins actually represent something - a cultural artifact, a real-time event, a digital meme, etc. While some of us concluded that memecoins serve as a way for people to hold stake in an artifact they align themselves with, Joel brought up an interesting analogy that I agree with - memecoins are the first successful crypto-native on-chain video game. The core components of any game are goals, rules, challenges, and interactivity. Memecoins can then act as a 24/7 global game played on a multitude of platforms (exchanges and wallets) with these same principles. The goal for any player is to maximize their portfolio balance, and the value of their portfolio provides real-time updates of their perform

We had a very interesting team research meeting last week centered on intellectualizing memecoins. We could very well be overthinking this framework, and in reality, memecoins exist as a 24/7 global casino, but it's an interesting exercise nevertheless. We were debating the extent to which memecoins actually represent something - a cultural artifact, a real-time event, a digital meme, etc. While some of us concluded that memecoins serve as a way for people to hold stake in an artifact they align themselves with, Joel brought up an interesting analogy that I agree with - memecoins are the…

saved by

related reading