The MemeX Festival, held on February 18, 2025, during Consensus HK 2025, brought together blockchain enthusiasts, investors, and meme lovers to explore the fascinating intersection of meme intellectual property (IP) and investment opportunities. Hosted by MemeCore, a leading EVM-based Layer 1 blockchain, the event aimed to bridge Web2 and Web3 projects, enhance brand visibility, and solidify MemeCore’s position as a hub for meme-related initiatives. With over 2,000 registrations, the festival was a landmark event for the blockchain and meme communities.

One of the highlights of the festival was the panel discussion titled “Crypto Meme Magic: The Intersection of Meme IP and Investment Opportunities.” Moderated by Anndy Lian, Managing Director of MemeCore and a best-selling author, the panel featured industry leaders who shared their insights on the role of memes in the blockchain ecosystem. The panelists included Thomas Kay (Head of International Business, WEEX Global), Christian Oertel (Global Expansion Lead, Conflux Network), Larry Lundy (Chief Business Officer, Hashpower X), and Tasso Lago (Founder, Financial Move).

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The Power of Memes in Crypto

Anndy Lian opened the discussion by emphasizing the unique role memes play in the crypto space. “I’m quite a meme advocate,” he said. “Not because I love the graphics, but because I love the community behind it.” This sentiment set the tone for the panel, highlighting how memes are more than just humorous images—they are powerful abilities for community building and engagement.

Thomas Kay, representing WEEX Global, echoed this view, stating, “Meme is the main retention ability in the crypto space right now. It’s one of the easiest ways for new users from Web2 to enter Web3.” He pointed out that memes are not just about entertainment; they are a gateway for onboarding new users into the blockchain ecosystem. “It’s inevitable that memes will continue to be one of the biggest drivers in the future,” he added.

Christian Oertel of Conflux Network admitted that he was initially skeptical about memes. “A couple of years back, I didn’t believe in memes,” he said. “We were working on Layer 1 blockchain scalability, changing the world, and then someone launched a meme with no fundamentals.” However, his perspective shifted as he realized the potential of memes to attract retail users and foster community engagement. “Memes are the best entry point into the Web3 world,” he concluded.

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Memes as Cultural and Economic Drivers

Larry Lundy, Chief Business Officer at Hashpower X, took a broader view, describing memes as cultural integrators and economic enablers. “Memes are the highway,” he said. “They lower the barrier of entry by providing a safe and fun environment.” He highlighted the historical significance of meme tokens like Dogecoin and Shiba Inu, which have not only driven liquidity in the crypto market but also created a cultural phenomenon. “Without meme tokens, we wouldn’t have the large influx of liquidity in Web3 and DeFi,” he explained.

Lundy also emphasized the emotional connection that memes create. “The driving motivation for investment in memes is emotional,” he said. “People invest because they like it, and that emotional attachment creates a strong community.” He likened memes to collectible items like baseball cards and comic books, where value is determined by community perception.

Tasso Lago, a prominent crypto influencer and angel investor from Brazil, shared a similar perspective. “At first, I didn’t like memes because there was no utility,” he admitted. “But now I see that memes can build communities and evolve into businesses.” He cited Shiba Inu as an example of a meme token that has successfully built an ecosystem and engaged with new projects and features. “Memes drive users,” he said. “They are the pillar of growth in crypto.”

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The Role of IP in Meme Coins

The discussion also touched on the potential of meme IP to create lasting value. Anndy Lian noted that meme IP is becoming increasingly attractive as a business model. “When you talk about IP, it’s very generic right now,” he said. “But if you look at the great grandfather of meme coins, it would be Dogecoin.” He suggested that meme IP could be a powerful ability for branding and community building.

Christian Oertel highlighted the challenges and opportunities of integrating meme IP into blockchain networks. “From Conflux’s perspective, we’re working with IPs like McDonald’s in China, but the restriction is that you can only do NFTs,” he explained. Despite these limitations, he expressed optimism about the future of meme IP, citing examples like Pudgy Penguins and Doodles, which have successfully created IP through NFTs and token drops.

Thomas Kay added that meme IP is a significant driver of user engagement. “The beauty of IP is that it’s so recognizable,” he said. “It’s easy for people to look at one of your projects and immediately know it’s you.” He shared data from WEEX Global, showing that Trump Coin, a meme token, had a massive impact on user activity. “On the day Trump Coin launched, user activity tripled, and trading volume increased tenfold,” he revealed.

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Investment Strategies in Meme Coins

When it comes to investing in meme coins, the panelists shared diverse strategies. Tasso Lago emphasized the importance of community and ecosystem development. “When I look at a meme to invest in, I first look at the charts,” he said. “Then I try to understand if the meme is building an ecosystem.” He praised Shiba Inu for its efforts to engage with new projects and features, calling it a good example of a meme token with long-term potential.

Larry Lundy highlighted the versatility of meme tokens like Dogecoin, which is built on Litecoin’s infrastructure and operates as a minable commodity. “Doge is one of the original proof-of-work minables,” he said. “It provides a victimless environment for liquidity entry and exit.” He also pointed out that the emotional appeal of memes makes them a unique investment opportunity. “Memes are culture, and memes are business,” he concluded.

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The Future of Memes in Web3

As the panel discussion drew to a close, the speakers reflected on the future of memes in the Web3 space. Christian Oertel described memes as a social phenomenon that brings people together. “You get the full cycle of emotions and share it with thousands of people you don’t know,” he said. “There’s something mystical about it.”

Thomas Kay emphasized the role of memes as community drivers. “In the whole crypto space right now, the most activity happens in the meme community,” he said. “It’s one of the main drivers for growth and engagement.”

Anndy Lian concluded the session by reiterating the importance of memes in the blockchain ecosystem. “Meme is one of the main pillars in the Web3 space,” he said. “It’s a good door opener and the biggest community driver.”

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Final Thoughts

The Crypto Meme Magic panel at the MemeX Festival showcased the transformative power of memes in the blockchain ecosystem. From onboarding new users to driving liquidity and fostering community engagement, memes have become a cornerstone of the Web3 space. As the panelists highlighted, the future of memes lies in their ability to evolve into ecosystems, create lasting IP, and bridge the gap between Web2 and Web3. With their unique blend of humor, culture, and investment potential, memes are poised to remain a driving force in the crypto world.