Web3 cannot have MeMe coins, and it cannot only have MeMe

Author: Lawyer Liu Honglin

A friend said that the largest MeMeCoin in the currency circle is Bitcoin.

To a certain extent, the words are rough and not rough.

In the current Web3 ecosystem, MeMe coins have undoubtedly become the traffic responsibility of the currency circle. Although they do not have complex technical support and do not have long-term value in the traditional sense, they have become something that cannot be ignored for the entire Web3 industry.It exists, especially for those public chains and project parties that rely on TVL to dominate various rankings, it is not an exaggeration to say that MeMe coins support half of the sky.

But at the same time, there are friends who hold relevant opinions on MeMe coins, who think that the currency circle is full of various local MeMe coins every day, so that the construction of the currency circle is nine-jin old lady, and each generation is worse than the other.

How should we understand MeMe?In this article, Lawyer Honglin wants to talk to you about some of his views.

The development of the Web3 industry has undergone a difficult transition from the technology boom to the implementation of applications, but at this stage, there has not been a large-scale application and technological breakthrough in the industry that can truly ignite the mass market.The lack of clear narrative and innovation has led to a lot of money and energy not being able to rest while waiting.

Against this background, meme coins have become an outlet for market sentiment.In a simple and direct form, meme coins transform social hot spots and online popular culture into tradable assets, thereby attracting the attention of a large number of short-term speculators.

As a brand new Internet development direction, Web3’s core lies in the measurement and circulation of various values.Meme Coin directly converts social hot spots, traffic and online culture into tokens, and realizes circulation through blockchain technology. This actually reflects a basic logic of Web3: anything can be valued and passed on the Internet.

This value of traffic and attention is a major feature of meme coins.With the help of current social hotspots and network trends, they turn invisible attention into actual token value. They can quickly adapt to any topic in the market, from an internet celebrity dog ​​to a popular meme on a social platform, meme coinsAll of them can convert these elements into tokens with transaction value. This “fast-paced” market reaction is one of the reasons why meme coins can survive in Web3.By constantly catering to and leveraging online hotspots, meme coins are not just a virtual asset, but more like a cultural symbol, becoming a social currency in the global crypto community.

From this perspective, MeMe coins are the real value Internet, but the value here is not an adjective, but a verb – any popularity time on the Internet can be priced through the token and can be measured through blockchain andcirculation.

At the same time, MeMe coins are the guide of players.Compared with more complex concepts such as DeFi and NFT, the “barrier” of meme coins is very low.For new users, understanding and participating in a meme coin project does not require a profound technical background or understanding of complex financial rules. One word is: do it.

The way to participate in most MeMe coin projects is very simple, either they are dots in the TG group, or they are airdropped when they participate in forwarding. In short, through the low-threshold sense of participation, many users who have never been exposed to blockchain have begun to startExperience the charm of Web3/the power of sickle for the first time.

At the same time, the hype potential of meme coins can also stimulate users’ sense of participation and creativity.In an open Web3 environment, anyone can become the creator and disseminator of meme coins.After a hot event is “value captured”, it will spread rapidly and spread.

Compared with traditional advertising, the way meme coins are disseminated is obviously more direct, natural, and more interactive.Because of this, meme coins have become the “stepbrake” for Web3 to attract public attention and become the first cryptocurrency for young people.

But this does not mean that meme coins can become the core of Web3, just like the West cannot have Jerusalem, but the West cannot have only Jerusalem.

Most meme coins do not have substantial technological innovation or business model support, but only attract investors through repeated hot topics.This “short, flat and fast” feature makes meme coins more like a bargaining chip in a casino – they can quickly mobilize market sentiment, but cannot form real long-term value.Like an improvisational performance without a script, the performer can instantly capture the audience’s attention, but once the novelty disappears, the audience will dissipate.For most meme coin projects, their value will drop rapidly once the market stops paying attention to them.

If Web3 wants to achieve true prosperity, it must make more efforts in infrastructure, technology research and development and application implementation.As the “flavoring agent” of the market, meme coins can bring temporary prosperity, but cannot become the basis to support the entire ecosystem.Meme coins can serve as a “guide” for new users, attracting more people to understand and experience Web3, but ultimately, what can keep them in the Web3 world cannot be just a roller coaster of price fluctuations.

so,Web3 cannot be without Meme, but it cannot be all MeMe.The existence of meme coins makes the entire market more diversified, demonstrating the efficient and value-oriented ability of traffic and society in the Web3 ecosystem.However, the true future of Web3 still depends on technological innovation, infrastructure construction and diversification of application scenarios.Only by making breakthroughs in these aspects can Web3 grow from a hype-filled market to a true Internet of value.