Memenomics – The Economy of Memes
“Never before in history has humanity had the ability to laugh at something, pool their collective time, talent, and capital, and watch the value of their idea moonshot. Memecoins are the democratization of financial memes, the ultimate manifestation of internet culture becoming economic reality.”
Full article by Christopher Kocurek on the Linea Community
“Memes are the democratizing medium of our collective digital present. Easy to make, easy to share; instantly recognizable and a little nonsensical; a hilarious and at times sickly-sweet jab at the world’s blunders, scandals, protests, and hypocrisies…”
Full article on Artsy
“I have zero enthusiasm for coins named after totalitarian political movements, scams, rugpulls or anything that feels exciting in month N but leaves everyone upset in month N+1. At the same time, I value people’s desire to have fun, and I would rather the crypto space somehow swim with this current rather than against it.”
Full post by Vitalik Buterin
What Are Meme Coins? Are They Worth Investing In?
“While making money on meme coins is technically possible, it’s not a sure thing. These cryptos are subject to more volatile factors than mainstream cryptos like Bitcoin and Ethereum, and the value of a meme coin can plummet overnight.”
A well balanced article, explaining the possibilities but also the risks of investing in memecoins, on Forbes Advisor
Full article on Forbes
“Memecoins are a rebellion against traditional finance…
…People are investing money in Dogecoin instead of Apple stock, and for good reason. Well, sort of. Crypto has become the go-to escape hatch for those fed up with traditional finance. Banks freeze accounts. Regulators add more red tape. Insider trading runs rampant. Meanwhile, memecoins are a free-for-all, where anyone can win big or lose everything. No middlemen. No rules. Just vibes.”
Full article on Cointelegraph
“Pump.fun allows anyone to create Solana tokens in a minute for completely free, spawning some of the biggest memes of 2024”
Full article on Decrypt
What Are Meme Coins? Uses and Risks to Know
Meme coins can be a fun part of the cryptocurrency ecosystem, but they function more like a collectible than a long-term investment. Some traders buy them simply because they want to own them, while others do it speculatively. It’s a rapidly growing industry, and different digital tokens—or innovative technologies—may take on uses that we can’t even imagine right now.
Full article on the Charles Schwab site
The Linea Meme Manifesto
“Throughout this crypto cycle, meme coins have been a prime attractor for developers, communities, and the crypto-curious. The excitement is undeniable…”
“…teams can build more than hype. They create real connections, empower users, and contribute to the broader Web3 community.
5 Real Use Cases For Useless Memecoins
“Memes are crypto distilled to its essence: social trends, wry humor and the lure of ridiculous profits all wrapped up in a token that doesn’t do anything. It’s not for Warren Buffett, but it is for a huge range of ordinary people looking for fun, community and a lottery ticket out of the backwater they live in.”
Full article on CoinTelegraph
The Rise of Scenecoins
There’s a new trending meta on the onchain frontier: scenecoins.
According to Li Jin’s recent Taxonomy of Memecoins scenecoins are “community-first memecoins” that “launch as a schelling point for distributed communities with shared values and missions.”
Full article by William M Peaster on Bankless
Memecoins and art market share similar economics
“Memecoins and art market share similar economics
While the hype surrounding memecoins may fade, the market itself will not disappear”
Full article on Cointelegraph
A cat GIF meme that became an NFT sold for about $690,000.
Its creator explains how its value surged, the tools he used, and how he found the right platform to display his work.
The collection is known as Nyan Cat. When it finally became an NFT, a bidding war took place.
Full article on Business Insider
‘Disaster Girl’ makes over $430,000 selling the NFT of her meme
“She was the subject of a viral image that became a meme favourite for humorous (and somewhat sinister) takes on life, after the photo snapped in 2005 by her father was turned into a meme.”
Full article on MarketWatch