The CEO of Avalanche (AVAX) development firm Ava Labs says that he now understands the cultural significance of memecoins.
In a series of tweets on the social media platform X, Emin Gün Sirer says memecoins do not have to be like other crypto assets that derive value from use cases.
According to Sirer, meme tokens have value because they serve a specific group of people who like to send social signals to others – similar to how luxury brands work.
“I now understand the cultural importance of coins that are just social signaling mechanisms, and I hope you do, too. A coin doesn’t need a roadmap to be legitimate. It doesn’t need moon math or future promises. It doesn’t need a bunch of techie pretenders who parrot random crypto ideas they read about online as the one big thing to finally solve scalability…
It can just be something you own because you like it, and it signals to the world that you’re in with your chosen in-crowd.
Does Balenciaga keep you warmer than other clot
We współpracy z: https://dailyhodl.com/2024/01/01/ava-labs-ceo-weighs-in-on-cultural-significance-of-memecoins-says-crypto-assets-can-derive-value-from-being-fun/
