Tag Archives: memecoin

Memecoin Trends: Insights from the Memewonder Panel Discussion

Memecoin Trends: Insights from the Memewonder Panel Discussion

The Memewonder event, co-hosted by Binance Thailand and MemeCore, brought together industry leaders to discuss the evolving landscape of memecoins. This panel, part of the Thailand Blockchain Week 2024, featured insights from key figures in the blockchain and cryptocurrency space. The discussion, moderated by Anndy Lian, a best-selling author and Managing Director of LIFT Ecofund by MemeCore, delved into the trends, challenges, and future of memecoins, particularly focusing on Community Takeover (CTO) projects.

Key Themes and Insights

The Rise of Community Takeover (CTO) Projects

Anndy Lian started off by saying that CTO projects are gaining popularity due to their community-driven nature. Unlike traditional projects led by developers, CTOs empower communities to take charge, fostering a sense of ownership and engagement. This model aligns with the decentralized ethos of blockchain, where communities can drive projects forward without relying on centralized leadership.

Jordan Jefferson, CEO of MyDoge, provided insights from the Dogecoin community, the original CTO project. He highlighted the narrative appeal of CTOs, where communities take over projects from anonymous developers. Jefferson pointed out that while CTOs offer a compelling narrative, they face challenges such as funding and coordination. He emphasized the need for sustainable models and investable opportunities within the Dogecoin ecosystem, aiming to attract more developers and projects to build on Dogecoin.

Challenges and Risks of CTO Projects

Despite their appeal, CTO projects face significant challenges. Anndy Lian highlighted issues such as fragmented communities, lack of funding, and the need for strong leadership. Without adequate resources and coordination, CTO projects risk failing, leading to the demise of the project. The panelists stressed the importance of sustainable models and the need for communities to secure funding and liquidity to thrive.

Louis Bellet, CEO & Fonder, Yellow, replied to the comment by highlighting the role of Yellow in decentralizing finance. He emphasized the importance of community-driven projects, noting that developers often lack the skills to build strong communities. Bellet argued that memecoins should naturally transition to community leadership, where new leaders emerge from within the community to drive the project forward. He also mentioned Yellow’s market-making division, which has been approached by several CTO projects for token listings, underscoring the growing interest in community-led initiatives.

The Role of Memecoins in the Broader Blockchain Ecosystem

Memecoins, often seen as speculative assets, have the potential to drive innovation and engagement in the blockchain space. The panelists discussed the entertainment value of memecoins, likening them to cultural phenomena that capture public imagination. They also noted the potential for memecoins to integrate with real-world applications, such as mobile apps and merchandise, to enhance their utility and appeal.

Eddie Li, Co-founder, AEON, shared his perspective as a payment protocol provider, focusing on the consumer attraction of memecoins. He noted that memecoins, driven by community and financial incentives, are gaining traction where traditional projects struggle. Li emphasized the importance of facilitating payments across different chains to support memecoin adoption. He also expressed concerns about the sustainability of memecoins, cautioning against projects with weak narratives or visions.

Future Trends and Innovations

Looking ahead, the panelists identified several trends that could shape the future of memecoins. They anticipated more innovation in fair launches and community involvement, with projects exploring new ways to engage and reward their communities. The panelists also highlighted the potential for memecoins to collaborate with traditional businesses, leveraging their community-driven nature to create new opportunities and partnerships.

Allan Fang, Partner, Blockchain for Good Alliance and Head of Moledao added that education is important. He stressed the importance of community support and governance in building strong projects. Fang noted that memecoins offer a unique way to engage communities, likening them to totems that foster loyalty and engagement. He also highlighted the potential for memecoins to link with real-world brands, suggesting that they could serve as effective community management tools.

Conclusion

The Memewonder panel discussion provided valuable insights into the evolving landscape of memecoins. As the blockchain industry continues to grow, memecoins are poised to play a significant role in driving innovation and community engagement. However, their success will depend on the ability of communities to navigate the challenges of funding, leadership, and sustainability. By fostering strong communities and exploring new applications, memecoins can continue to thrive and contribute to the broader blockchain ecosystem.

 

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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MemeCore Continues to Build its Footprint at the OKX MemeCoin Summit

MemeCore Continues to Build its Footprint at the OKX MemeCoin Summit

MemeCore, an innovative Layer-1 blockchain purpose-built for the meme coin space, is proud to announce its continued partnership with OKX at the recent MemeCoin Summit held on September 18, 2024. This event, an official side event of the renowned Token2049 conference in Singapore, saw MemeCore return as a sponsor, further solidifying its commitment to the burgeoning meme coin ecosystem.

MemeCore’s presence at the summit follows its successful collaboration with OKX at Korea Blockchain Week (KBW) 2024. The jointly hosted event at KBW drew an impressive 1,200 attendees and garnered significant social media exposure, reaching over 200,000 individuals. This continued partnership with OKX, a global leader in cryptocurrency exchange and Web3 technology, underscores MemeCore’s dedication to collaborating with industry leaders to drive innovation and growth within the meme coin sector.

The event was buzzing with activity, featuring a variety of engaging activities. Attendees tested their skills at game booths, with frisbee, shooting, and basketball challenges adding an element of fun competition to the event. The summit also provided a platform for thought leadership, with panel discussions delving into the future of meme coins, decentralized finance (DeFi), and the evolving landscape of the blockchain industry.

The event was further strengthened by the participation of major industry players. Gold sponsors included Polygon, a leading platform for building Ethereum-compatible blockchains; Aptos, a Layer-1 blockchain focused on scalability and security; and Ankaa, a Web3 accelerator supporting innovative projects. Other notable sponsors included 1Inch, Deeplink, Fractal, DappOS, Scallop, ME Foundation, Google, and JE Labs. Media partners such as Slow Mist, a blockchain security firm, and CoinTelegraph, a leading cryptocurrency news outlet, further amplified the summit’s reach and impact.

“The Memecoin Summit was an important event for MemeCore to showcase its vision to unite the meme coin community into one chain, as well as its commitment to shaping the future of meme coin through partnerships. MemeCore will provide the infrastructure and platform to ensure that Memecoin is not just a trend, but a cultural movement.,” said Anndy Lian, Managing Director for LIFT Ecofund at MemeCore. ” We will continue to grow with the community through creative collaboration.”

About OKX:

OKX is a leading global cryptocurrency exchange and Web3 technology company. Trusted by more than 50 million users worldwide, OKX offers a comprehensive suite of products and services, including spot and derivatives trading, NFTs, DeFi, and more. OKX Ventures, the investment arm of OKX, is committed to supporting entrepreneurs and projects that are building the future of the blockchain industry.

About MemeCore:

The MemeCore Foundation is a Meme-Chain designed to support the MemeCoin community through seamless interaction with Memes in other blockchain ecosystems. MemeCore’s priority is becoming a “memeable” space, building a community for memes, and fostering innovation to support the Meme coin community. MemeCore believes that memecoin is not just a trend but a cultural movement. Our mission is to let memecoin communities participate in a decentralized future with creativity and inclusiveness.

 

Source: https://apnews.com/press-release/marketersmedia/memecore-continues-to-build-its-footprint-at-the-okx-memecoin-summit-9a4d82d07cd123c80e49e6ae57c547d9

 

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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Panel Discussion- Future of memecoin ecosystem: DApps and innovations

Panel Discussion- Future of memecoin ecosystem: DApps and innovations

Cryptocurrency is no stranger to fleeting trends, and meme coins are a prime example. While the initial hype surrounding these tokens often centers around viral moments and community enthusiasm, the question of long-term sustainability looms large. A recent panel discussion featuring prominent figures in the blockchain space discussed this issue, exploring the evolving landscape of meme coins and the crucial elements needed to thrive beyond the initial wave of enthusiasm.

The panelists, representing various projects and perspectives, agreed that while meme coins capitalize on cultural relevance and community engagement, their longevity hinges on offering tangible utility and value propositions beyond mere price speculation. Fuji, Eco Lead of IZUMI Finance, pointed out, “The biggest advantage meme coins have is their established community. The challenge lies in translating that community into a sustainable ecosystem with real-world applications.”

Several key trends emerged from the discussion, highlighting the evolving nature of meme coins and the path forward for projects seeking lasting impact. One prominent theme was the increasing focus on utility. Andrew Chen, CEO of FHERA, noted a shift from purely speculative assets to meme coins that offer tangible benefits, such as governance rights, access to exclusive communities, and integration within decentralized applications. This emphasis on utility, they argued, is crucial for attracting a broader user base and ensuring long-term viability.

Another significant trend identified was the importance of user experience. With the proliferation of blockchain projects, simplicity and ease of use are paramount. Panelists emphasized the need for meme coin projects to prioritize user-friendly interfaces and intuitive platforms that lower the barrier to entry for both seasoned crypto enthusiasts and newcomers alike. This accessibility, they argued, is essential for driving mainstream adoption and fostering a thriving ecosystem.

The discussion also touched upon the crucial role of storytelling in the meme coin space. While technical innovation and utility are undoubtedly important, the ability to craft a compelling narrative that resonates with the community is equally vital. Jared Schwartz, Galxe’s Strategy Advisor, stressed the importance of building strong brands, fostering community engagement, and communicating a clear vision for the future. Ultimately, they argued, the most successful meme coin projects will be those that can effectively weave together technology, community, and a captivating story.

Anndy Lian, the moderator for the session, concluded with a call for greater sustainability and a focus on long-term value creation within the meme coin landscape. While the initial hype surrounding these tokens can be fleeting, the underlying principles of community engagement, accessibility, and utility offer a blueprint for building projects that can withstand the test of time. As the meme coin space continues to evolve, the projects that prioritize these core elements will be best positioned to ride the wave of enthusiasm and establish a lasting legacy in the ever-changing world of cryptocurrency.

The Pheromones Party is organized by MemeCore and co-hosted by OKX Wallet, OKX Ventures, and Shiba Inu. This event is organized in conjunction with Korea Blockchain Week 2024.

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”.

www.anndy.com
j j j