jakiro
author:0xLeoDeng Source: X, @leodeng08
Meme?Resolutely not touching, it’s all air.
Once upon a time, I was still so stereotyped with Meme. Now, it is either token to convince people by making a splash, or it is a reasonable reflection on existence.The more I know about Meme, the more I keep refreshing my understanding of Meme.Here are my thoughts on the development of Meme and the crypto industry:
1. Reality: The continuous outbreak of Meme in 2024 reveals the end of the Tokenomics 1.0 era
Tokenomics 1.0, the “VC currency” model in the popular sense, is the traditional token economics model, which emphasizes the implementation of technology and long-term planning, and was once regarded as the core of crypto projects.Projects are usually driven by white papers and rely on technical narrative, scene design, lock-up mechanism and other means to give tokens long-term value.
However, Meme currency market share has surged by 45% since the beginning of the year in 2024, while most VC-backed tokens continue to perform sluggishly.The rise of Meme coins shows that the market’s patience with the VC token model is weakening – that is, from complex technical narratives to easy-to-understand, emotionally driven Meme narratives.
Tokenomics 1.0 requires long-term ecological construction, and users often need to wait for years to see value, while Meme coins can quickly capture attention without waiting.Take $GOAT as an example, its market value soared from $5 million to nearly $1 billion in a few weeks, attracting a large number of retail investors and short-term speculators.
Even the top European and American VCs have positively commented on this round of Meme frenzy, and well-known institutions such as Pantera Capital and a16z have begun to support Meme coins.Pantera partner Paul Veradittakit said Memecoin is a Trojan horse for cryptocurrencies; a16z’s Lianchuang Marc Andreessen @pmairca admitted in the podcast that Memecoin is becoming a “new entrance to the crypto market”, attracting the attention of a large number of new users.
The rise of Meme coins is not only a influx of funds and users, but also a reallocation of market attention, revealing a new trend in the crypto market: a transition from technology-driven to emotion-driven.
2. Review: The historical evidence of the crypto market is that there is Meme first and then the scene, without exception
The source of encryption is Meme, which may be reasonable.In fact, from Bitcoin to Ethereum, to Dogecoin, etc., the development of crypto projects follows an obvious rule: first there is Meme, then there is scene.Before the technology is implemented, these projects will first win market attention through simple and attractive narratives.
– Meme Stage of Bitcoin (2008-2013): Bitcoin was originally born in 2008 and its core narrative is “decentralized electronic cash”, a digital currency that is not controlled by the government and banks.In 2009, the founding block was born, further strengthening the “financial freedom” Meme and attracting early believers who distrust the traditional financial system.In the first few years, Bitcoin developed mainly based on community beliefs and aspirations for decentralization.In 2013, with the Silk Road incident and more public attention, the symbolism of Bitcoin gradually transformed into real market value.It gradually transitioned from an idea to “digital gold” with scarcity and anti-inflation characteristics, and entered a more mature stage.#BTC
– Meme stage of Ethereum (2014-2017): The initial development of Ethereum mainly relies on the concept of “world computers” and community beliefs to promote.In 2014, Vitalik Buterin released a white paper, which attracted developers and early supporters with the idea of ”decentralized applications and smart contracts”.After the main network was released in 2015, although the application ecosystem was not yet mature, Ethereum still quickly gained attention with its “future potential” and decentralized narrative.Although the DAO incident in 2016 once caused a crisis, it also strengthened Ethereum’s concept of “anti-censorship” and “trust-free”.Until 2017, with the outbreak of ICO and DApps, Ethereum gradually entered the application-driven stage, marking the end of its Meme stage.#ETH
– Dogecoin’s Meme Stage (2013-2021): Dogecoin has been positioned as a “joking token” from the very beginning.In 2013, Dogecoin quickly became popular on social platforms with the popular image of Shiba Inu emoticons on the Internet, and its culture of relying on community consensus and relaxed humor attracted a large number of users.Instead of complex technical narratives, it builds an inclusive and active community in an easy way.In 2021, with Elon Musk’s tweets and Meme culture, Dogecoin’s market value soared to $75 billion, and this “joking token” became the entrance to the crypto market for the public.Ultimately, Dogecoin evolved from a Meme to an asset with actual market capitalization, demonstrating the power of community-driven.
3. Thinking: Can the new Meme culture start the transformation of Tokenomics 2.0?
Today, Meme is no longer just entertainment or hype, behind it is a profound inspiration for token economics.The possibility of Tokenomics 2.0 is emerging in the Meme culture.
Traditional Tokenomics 1.0 relies on white papers, technical models and long-term vision, while Tokenomics 2.0 may no longer be a cold technical narrative, but an economic system with social genes, focusing on the core shift from technology to user emotions and participation.As Daewoo @BTCdayu mentioned, from the rigorous perspective of academic research: What is the relationship between $DOGE and that dog?What does $moodeng have to do with that hippo?These issues are only about communication, emotions, psychology, and speculation.
Under this framework, the Meme-driven “attention-resonance-building” model will become more important.$GOAT’s market cap soared to $300 million in a short period of time precisely because it leverages community-driven power to demonstrate the influence of emotions and attention in digital assets.$GOAT is not only a “toy” or “joke”, but a fusion of social culture and economic incentives that promotes widespread participation and high-frequency interaction in the market.
The future Tokenomics 2.0 no longer requires a single technical support, but builds a more vital economic model through user experience and emotional resonance.
We are, or are about to see:
– Smart contract-driven meme supply adjustment: Introduce smart contracts to automatically adjust the supply of meme coins, such as: AI will automatically issue or destroy additional issuance or destruction based on specific market conditions, social sentiment, transaction volume, etc.
– The project party began to release Meme token: by defining meme coins as an expansion of project tokens, cleverly linking them with project tokens, maintaining the core value of the project, and using meme coins to attract a wider user base and traffic.
– Investment institutions: Adjust the investment portfolio appropriately to balance long-term technology-driven projects and short-term meme hotspots; obtain returns through short-term arbitrage and flexible exit mechanisms.
– KOL: Project parties may be more inclined to cooperate with KOLs with meme topic manufacturing capabilities.KOLs simply call orders will be outdated, and what they will compete will be the grafting of creative content, humorous expressions, and hot topics.
– Wallet: Launch short-term savings and pledge services for meme coins, and users can put meme coins into their wallet for “light pledge” or “flexible pledge” to obtain some short-term benefits;
– Platform tools: One-click issuance of meme coins, such as http://daos.fun @daosdotfun, quickly create and deploy meme coins through these platforms, save development costs and time, and quickly seize market hotspots; community operation management tools (such as socialGroup points system, interactive event planning, etc.)
4. Investment: Which field does Meme have the most development potential?
I personally believe that in the current crypto market, Meme+AI is undoubtedly the combination with the most development potential (I threw the same question to Chatgpt, and his answer is also AI).
The Block co-founder Mike Dudas believes that Memecoin is a similar and compelling asset class to NFT. As the pace of experiments accelerates, Memecoin will take on many different styles; while AI coins will beOne of the most important directions.
The emergence of AI has brought about an explosion of creativity, allowing Meme to not only capture hot spots in real time, but also generate personalized content and accurately optimize the user experience.With the support of AI, Meme has become smarter, not only meeting users’ entertainment needs, but also adjusting narratives at any time to adapt to social trends and maintaining the continuous freshness and attractiveness of Meme culture.
@0xcryptowizard’s new “AI + Token + Social Media” trend is very much agreed with.Just imagine, in the future, users who hold $GOAT will be more willing to interact with truth terminal, and users who hold $ACT will be more willing to share or even participate in the experiments and research of acts. The community can also donate to support more AI and encryption.Combined cutting-edge research; the community has a dedicated technical research team, holder voluntarily participates free of charge, spend time dismantling related technologies, following up on various AI agent technological progress, etc…. These all contribute to the long-term development of the project.
In addition, AI also empowers Meme projects to evolve themselves.Through real-time data analysis and machine learning, the AI-driven Meme ecosystem can quickly adapt to market changes and even predict user needs.
The integration of Meme+AI not only represents the combination of social and entertainment, but also becomes the convergence point of the new generation of attention economy and technological innovation, with lasting vitality.
The “Meme+AI” that has begun to take shape and influence represents token (all closely related to a16z):
$GOAT= AI of Bitcoin; Marc Andreessen, the head of A16z, believes that $Goat is the intersection of AI and cryptocurrency, and the first instance of AI’s intersection with cryptocurrency.
CA: CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump
$ACT= AI of Etherum; A16z leader Marc Andreessen has the only two funding projects besides $Goat; focusing on the interaction of multiple AI agents and is a pioneer in AI agent collaboration.
CA: GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump
#ai16z: AI of A16z; invest in DAO, use AI agents to obtain market information on and off-chain, analyze community consensus, and automatically conduct token trading.
CA: HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC
Summarize
In 2024, the outbreak of Meme coins revealed the limitations of Tokenomics 1.0, and the possibility of Tokenomics 2.0 is quietly emerging in the Meme culture.This change has also brought new opportunities and challenges to all links of the industrial chain such as investment institutions, project parties, and trading platforms.
Through the new path of “attention capture first, and then gradually building application scenarios”, Meme coins may open up new growth opportunities for the crypto industry.The combination of Meme+AI is the most worthy of attention. It combines Meme’s social communication power with AI’s technological innovation to promote Meme culture to a deeper economic model.
Meme’s diamond hands may receive more gifts from the times in this cycle.
