Inside the Wild World of Meme Coins: Interview With Expert Anndy Lian

Inside the Wild World of Meme Coins: Interview With Expert Anndy Lian

The rise of meme coins has been nothing short of meteoric. Fueled by online communities, social media hype, and the allure of quick riches, these digital tokens, often inspired by internet jokes and viral trends, have captured the attention of seasoned investors and curious newcomers alike.

But as the market explodes with new entrants, a critical question emerges: Are meme coins a legitimate investment opportunity or a speculative bubble destined to burst?

To gain deeper insights into this complex landscape, we spoke with industry expert Anndy Lian. Anndy, a seasoned observer of the crypto market, shared his perspectives on the economic drivers behind meme coin success, the role of social media, the regulatory challenges, and the potential future of this burgeoning asset class.

At the heart of the meme coin phenomenon lies a potent combination of community-driven momentum and social media amplification.

The Economic Drivers of Meme Coins

“The fundamental economic drivers behind the meteoric rise of meme coins can be attributed to the power of community-driven momentum,” Anndy Lian began. “Meme coins are often created and propelled by online communities, with no institutional backing or venture capital support. This grassroots approach allows community members from diverse backgrounds to come together and collectively drive the coin’s adoption and value.”

Lian emphasized the role of community in shaping meme coin success: “The community’s enthusiasm, creativity, and sense of ownership are the primary drivers of a meme coin’s success. As more people join the community and contribute to the coin’s ecosystem, the network effect takes hold, fueling further growth and adoption. This organic, community-led approach is a key differentiator from traditional asset classes, which often rely on institutional support and fundamental analysis.”

The Role of Social Media and Investor Sentiment

“I’ve noticed that meme coins tend to thrive on their online popularity rather than traditional market analysis,” Anndy Lian observes. “Social media platforms like X, Reddit, and Discord are the perfect storm for meme coin hype, with influencers and community leaders fueling the fire. I recently shared a post about a new meme coin called Moni on X, and it just so happens that it’s got a strong following among South Korean communities. Next thing I know, its value shot up 6 times! It’s crazy how sensitive these coins can be.”

Lian continued, “As you can imagine, meme coin prices are super volatile and can swing wildly based on what the community is saying. If a popular influencer tweets or posts something positive, the price can skyrocket. But on the flip side, a negative comment or a loss of interest from the community can send it plummeting. It’s like a rollercoaster ride, and you never know what’s going to happen next.”

Regulatory Challenges and Investor Protection

Addressing the regulatory landscape, Lian states, “The rise of meme coins has brought to the forefront the need for regulatory frameworks to get up to speed with the rapidly evolving crypto landscape. But let’s not get ahead of ourselves – meme coins aren’t some exotic asset class that requires a whole new set of rules. They’re an integral part of the broader crypto market, and our existing regulatory frameworks should be applied consistently across the board.”

He emphasizes the importance of investor education: “Rather than putting meme coins in a silo, regulators should focus on schooling investors on the unique quirks and risks that come with these community-driven cryptocurrencies. This means drilling home the importance of doing your homework, assessing the risks, and exercising caution when putting your money into meme coins.”

The Future of Meme Coins and Blockchain Technology

Lian expresses optimism about the long-term potential of meme coins: “I’m really excited about the potential long-term implications of meme coins for the crypto ecosystem and financial markets. When you think about it, community-driven meme coins are the ones that could really lead the charge in terms of adoption and innovation.”

He further elaborates, “Take the Shiba Inu token, for example. It’s got a huge global community of fans who are passionate about it. Now, imagine if each of those fans were to start their own Shiba Inu Cafe using a DAO franchise model. Suddenly, the token has real-world value and utility.”

On the role of blockchain technology, Lian states, “Blockchain tech can be a game-changer for meme coin platforms, making them more transparent and secure for investors. By leveraging blockchain’s decentralized and immutable ledger, these platforms can guarantee that all transactions are out in the open, tamper-proof, and accessible to everyone.”

Lian’s insights offer a clear-eyed perspective on the complex world of meme coins. While their meteoric rise has captivated the world, the underlying dynamics are far from simple. The power of community, the influence of social media, and the challenges of regulation converge to create a landscape fraught with both opportunities and risks.

As Lian suggests, the future of meme coins may lie in their ability to evolve beyond mere speculative assets and develop real-world utility. The integration of blockchain technology promises to enhance transparency and security, but the journey ahead is undoubtedly fraught with challenges.

Investors, enthusiasts, and regulators alike must navigate this uncharted territory with caution and discernment. Anndy’s emphasis on education and awareness is crucial for fostering a sustainable and responsible meme coin ecosystem.

About The Expert

Anndy Lian is a global business strategist and blockchain pioneer. With a deep understanding of both technology and business, he advises corporations, governments, and startups on harnessing blockchain’s potential. His roles include Chief Digital Advisor to Mongolia and leadership positions in major crypto exchanges and automotive giants. Anndy is a bestselling author and passionate advocate for blockchain’s transformative power.

 

Source: https://news.shib.io/2024/08/14/inside-the-wild-world-of-meme-coins-interview-with-expert-anndy-lian/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Exclusive: Inside Snowfro’s Collaboration With Oracle Red Bull Racing and Bybit

Exclusive: Inside Snowfro’s Collaboration With Oracle Red Bull Racing and Bybit

First launched into motion in late July, the Velocity Series, a digital art-focused joint project between Oracle Red Bull Racing (ORBR) and crypto exchange Bybit, with curation from AOI, has recently stepped into the third of its four drops.

The web3 project melds speed, technology, and artistry from globally recognized digital artists — which have included, up to this point, Rik OostenbroekPer Kristian Stoveland, and most recently Art Blocks founder and Chromie Squiggle creator Erick Calderon, aka “Snowfro.”

Digital artworks featured in the project draw inspiration from race team analytics and, more specifically, the RB19 F1 car’s telemetry. Additionally, each stage aligns with the 2023 Formula 1 races in the Netherlands, Japan, the United States, and Abu Dhabi.

For an exclusive inside look at the concept, curation, and creation of the Velocity Series, we spoke with ORBR, Bybit, AOI, and Calderon.

Concept

Taking a closer look at the concept, ORBR explained to us that “The merging of art and racing in the Velocity Series represents a dynamic fusion of two seemingly distinct worlds.”

It explained that the project was designed with a dual purpose to offer broader motorsport enthusiasts an immersive introduction to the realm of digital art, as well as provide its own fans with a tangible connection to their favorite team through unique team-inspired designs.

Other considerations included a fan engagement initiative designed to introduce web3 fans to the world of racing, with an underlying hope to transform them into lifelong ORBR supporters.

“This collaboration underscores both Oracle Red Bull Racing and Bybit’s commitment to constantly innovate and push boundaries in both motorsport and the digital space,” shared ORBR.

ORBR, known for its collaborations with traditional artists like Mr.Doodle, chose a more avant-garde path in the web3 domain. They commented, “We identified two clear markets within the world of web3 for us to focus on – native crypto enthusiasts and ORBR fans who are web3 non-rejectors, and this project aimed to serve the crypto enthusiast audience of people already appreciative of existing digital art.”

Emphasizing digital and generative art, ORBR highlights its commitment to “pushing the boundaries of technology and innovation.” In the Velocity Series, ORBR and Bybit aimed to make digital art accessible to diverse collectors, reflecting their vision of inclusivity. They stated, “This decision is rooted in our vision of inclusivity, inviting diverse participants into this pioneering movement.”

The series offers both exclusive and publicly available collectibles, evolving with the season for a richer experience. Additionally, a remix competition via Joyn.XYZ is underway until October 24. ORBR expressed their admiration for Snowfro’s /// collection, noting its minimalist yet impactful theme, and said, “As the name suggests, /// embodies a minimal yet impactful theme. We were truly inspired by how artworks with similarly simple motifs, like Dmitri Cherniak’s The Goose and Grant Yun’s Cow, successfully encouraged the artistic community to generate remixes.”

Curation

Curating the collection is AOI, a foundation for emerging art and technology with a focus on the convergence of the two — which the foundation shared it found a “vibrant expression” of in the Velocity Series project.

“The curation process was a meticulous journey, where we facilitated the creative interaction between the artistic realm and the data-driven domain of Oracle Red Bull Racing,” AOI shared, explaining, “Our role was to provide a fertile ground where artists could explore, interpret, and transcend the conventional boundaries of digital art inspired by racing data.”

Speaking to the artist selection process, AOI shared that “Our criteria were rooted not only in artistic excellence but also in the ability to synergize with big brands.”

The foundation explained that it sought out artists whose past engagements with notable brands “honed their capability to align creative prowess with brand ethos, ensuring a seamless blend of artistic and commercial objectives.”

However, one of the other and perhaps more significant considerations was identifying artists who “embrace boundary-pushing and are unafraid to explore never before seen concepts.”

“Continual innovation with each release is crucial to highlighting the technologies that underpin digital art.”

AOI

Creation

Calderon delved into the inspirations behind stage three of the Velocity Series, highlighting his love for driving and speed as major influences on the /// project. He elaborated, “As I have participated in the world of racing, mostly as a hobbyist, I see extensive use of italicized fonts to demonstrate a more dynamic vibe, and the forward slash is a character that is in an eternal state of italics and therefore felt like a great way to encapsulate motion or speed in a single character.”

The /// project aimed to distill motion into its most basic form, resonating with Calderon’s affinity for minimalism and echoing the simplicity of his renowned Chromie Squiggle collection.

In addition to its visual simplicity, /// introduces a tactile element through embroidery. Calderon commented on this choice, saying, “There are also limitations to what can be done, and while I’m excited to potentially push those boundaries in the future, this initial project was going to be complex enough simply to make it exist and work. So something simple felt critical, and I can apply my color techniques to simple shapes — although again, it was a learning process to figure out how to make gradients within the limitations of embroidery.”

Despite its physical limitations, some fans of the work on X have shared that they see a direct connection to Chromie Squiggle in ///, something Calderon said he loves to hear, as he hopes to “continue to apply a common thread to my work where it is recognizable as being part of the same body.”

He expanded on this thought, stating, “Perhaps specifically to the micro-brand element of the project, what PFPs and GenArt have taught me is an inherent desire for people in the digital realm to express themselves as individuals within a broader family or group.”

Calderon compared the constraints of embroidery to custom ceramic tile mosaics, a technique he used prior to Chromie Squiggle and employed in his recent project, heart + Craft, with Prohibition’s Jordan Lyall. Discussing the choice of embroidery, Calderon clarified that it was crucial for him, saying it was a key component of his involvement in the Velocity Series.

He confessed, “To be perfectly candid, I’m utterly overwhelmed and overcommitted as it is,” and added, “While I’m always proud and excited for new opportunities to get to express myself through art, I have had many of those opportunities already and felt that I could not justify the bandwidth that was going to go into this unless I could do something that tested new ideas.”

Calderon revealed a long-standing interest in generative embroidery, having pitched the idea of a supporting infrastructure to Art Blocks over a year ago. He remarked, “It was not utilized much, and I realize oftentimes it is critical to demonstrate a proof of concept for others to be willing to go deep into rabbit holes to want to consider a concept for their own work. I definitely had to intimately learn the craft of embroidery to pull this together, which required hours of research through trial and error.”

He expressed his enthusiasm, stating, “I’ve been really excited to demonstrate generative embroidery at scale for a really long time, and this provided the perfect opportunity to showcase what Art Blocks Engine built that facilitates this.”

Calderon emphasized the significance of the live algorithm in generative embroidery. He explained, “At Art Blocks, we render PNGs basically in an effort to be backward compatible with the majority of aggregation platforms, but the reality is that the digital artwork is animated and has options for the user to customize it based on their mood, whether in a party mood or a lonely mood, you have control of the way the digital is presented on your screen, down to the background color.” He also provided insight into the interactive features of the artwork, allowing users to modify its appearance using various keyboard controls.

Calderon emphasized the importance of aligning the physical and digital realms in the world of NFTs, stating, “What felt critical though is that the main subject would match with the embroidered output, which is also generated by the algorithm.”

He introduced a concept called “digital optional/physical optional” to promote wider adoption of NFT technology. Calderon believes that participation in the content a creator produces shouldn’t be determined solely by one’s presence in the physical or digital space.

Calderon remarked, “They can keep that physical object — imagine a scratch-off with a seed phrase or an IYK-linked product and onboard into web3 at their own pace, on their terms.” He also fondly mentioned collaborating with his wife Mara on the Velocity Series, saying, “I’ve really enjoyed collaborating with my wife Mara, as she’s been so supportive of this crazy journey I’ve been on over the last three years and here there was a project that could lean into her skillset and area of expertise.”

Catalyst

“As the curtain falls on this project, our aspiration is to leave a lasting imprint on the digital art community,” shared Anndy Lian, head of partnerships at Bybit, adding, “We envisage the Velocity Series as a catalyst for more such innovative rendezvous between new communities, fostering a culture of exploration, learning, and appreciation for digital art that transcends traditional boundaries.”

Calderon further outlined that there is a general incompatibility between the ability to prove ownership of a digital object and the ability to prove ownership of a physical object. As a result, he sees the digital object as a permission mechanism to facilitate the creation of the physical — rather than a one-to-one relationship like a COA or Soul Bound Token where the two are locked together.

In conclusion, he shared, “Projects like this one really let me test these ideas out, especially if over time we see people take the embroidery file that comes with their mints and use it to make their own stuff like backpacks and shirts, etc., because they are the owners of the work.”

Teasing at what’s to come, Oracle Red Bull Racing said, “We are announcing the fourth artist very soon. They are, in our opinion, a real innovator in the space, and they have released a number of collections recently that are pushing the boundaries in terms of digital art and interactivity.”

 

 

 

Source: https://nftnow.com/features/exclusive-inside-snowfros-collaboration-with-oracle-red-bull-racing/

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Inside Smart Cities: Blockchain, Innovation, Adoption and Reality

Inside Smart Cities: Blockchain, Innovation, Adoption and Reality

Mr Anndy Lian, an inter-government blockchain expert and advisor led and moderated a panel session on the future of blockchain smart cities at the World Smart City Expo 2019 in South Korea. This is the largest Smart City related technology exhibition in Asia, where more than 20,000 visitors from 200 cities of 60 countries gathered together to build ‘People-centered’ smart cities.

Major technological, economic and environmental impacts in smart cities have generated great interest. The panel has a good mix of experts where they gave their views on different components that made up within the smart cities.

They are not the typical speakers that touched on the usual smart cities related topics like climate change, energy, governance or sustainability. Instead, they touched on day to day aspects within the city from the advanced electronic products to engaging the cities users with new gaming and interactive apps to how healthcare is like in a futurist city. Mr Anndy Lian who curated this panel on behalf of the organiser wants to be different from the rest of the panels and also staying close to this year’s theme of being “People-centered”.

Ms Jenny Zheng, Partner and Shareholder of ea3w.com, the leading Chinese media company for online procurement service and consumer electronics buying guide shared her views: “We are already living in a smart nation and experiencing first hand on how smart electronic appliances can do for us to our daily lives. I think the leading brands like Samsung, Xiaomi, Sony have done as great job, innovating our lives, giving us a glimpse to the future and getting us used to a brand new future of smart cities+homes.”

The discussion has also touched on the fact that smart cities are not meant for everyone and not everyone in such high tech environment can understand and adapt to the changes around them. There is a need to create awareness and education programs for the users and maybe through games or other incentive schemes to get user onboard faster.

“Smart cities are no stranger to us. But getting used to it is a different thing. I can provide a service layer using our Gaimin gamification engine to encourage more users to adopt and adapt to the smart cities with ease. On top of this, users can also earn tokens and provide valuable data to the authorities.” Mr Martin Speight, CEO of Gaimin.io said.

In conclusion, Mr Anndy Lian, Book Author of Blockchain Revolution 2030 and also an Ambassador to Blockchain Special Committee of the Gyeongsangbuk-do summarised all the points made: “Smart cities are urban area that uses Internet of things to collect data and manage the lives and cities more efficiently. Enhancing the quality and performance of components such as transportation and utilities. Digital solutions and new technologies such as blockchain will help solve the trust issues and achieve higher quality of life inside the smart cities. Also the other topic we should look at is how STOs can help fund smart cities and how a regulated digital exchange can facilitate such fund raising. In Singapore, upcoming regulated property asset-backed exchange- SingDax is looking at this and they will surely change the industry. I am looking forward to this.”

The World City Expo 2019 is hosted by Republic of Korea’s Ministry of Science and ICT, Ministry of Land, Infrastructure and Transport, LH, K Water and Kintex. The expo is graced by Minister of Korea, esteem foreign VIPs and government officials from Taiwan, Europe, America, Singapore, China, South Africa and etc.

For more information about the event, visit https://www.smartcityasia.net/

 

Media Contacts

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Location: South Korea

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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