I think meow is spot-on when it comes to the direction of tokenization. 2023-2024 was the perfect storm of lack of regulatory clarity, losing faith in ICO coins, for memecoins, with no fundamentals whatsoever to have an epic run.. but it is ending, whether people want to hear that or not.
we can, and will, do more interesting things with the blockchain and tokenization. this is where I have been vocal about numerous reasons why I think NFTs see a revival, but agree that in tokenization, the next wave has some substance, as mentioned here, between brand coins, creator/artist coins, etc.
The biggest issues we will face here is there are challenges, pitfalls, and a lot of potential scams that come along with tying promises, brands, personal tokens to things. I think this is the next frontier for tokenization, but I think the growth will be slower at first before reaching any kind of escape velocity like memecoins did. The complete lack of fundamentals in memecoins is what allowed them to go as wild as they did, but the dark side of them has now surfaced completely and just how easily they are manipulated against the people trying to trade them.
Overall, good and insightful post and jup continues to do great things for solana.
i’m actually very interested in what comes after memecoins.
along with L1 & defi, memecoins created a fundamentally new meta in value creation, proving beyond doubt that massive value can be created purely via belief.
however, memecoins have become rather… stale. there is no humor, content is just price targets, IP is just copied, the product is the chart, and if I may be frank, the only ones that find ANY kind of appeal in them is CT and the trenches.
I think we (as a space) are very very ready to build off these memecoin foundations to build new metas that advance social initiatives - brand coins, movement coins, artiste coins or even something as butt stupid like joke coins.
at least, we make the world a funnier place by incentivizing more jokes.
I would love love love to help these ideas come to life - obviously the current studio product is not suitable for all this quite yet, but the goal is definitely to get there.
Let’s see!
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