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Memes have come a long way, from niche internet jokes to full-fledged speculative trading tools. Now, with Goatsius Maximus (A goat), we also have the first AI agent millionaire. Although I initially dismissed the meme coins as gambling chips at a cryptocurrency casino, it takes insight to know what they really mean. Murat Mahmudov Presentation At TOKEN2049 in Singapore I opened my eyes.
From Dogecoin (Doug(or Shiba Inu)Gray(To Bonk)Bonk(or baby)baby), crypto-memes are rallying points in today's hyper-digital world. It provides people with a common language and identity – a guarantee of belonging – where old institutions and market structures fail them. Murad says we are experiencing a “meme supercycle,” with tribal loyalty and communal sentiment driving markets more than utility. I think he's quite right, banners are everywhere, in the trenches and abroad too.
As an OG, I had to wonder whether or not traditional business advice is mostly useless in web3. “Token is product” here. So it might be wise for innovators and developers to focus on building existing tribes and cohesive communities, not just some abstract basic benefit.
No more infrared, no more apps
Getting started with Bitcoin (Bitcoin) and Ethereum (Ethereum), the culture of chaos combined with cutting-edge technology has defined the value proposition of cryptocurrencies. It came with the promise of a decentralized, trustless world built on individual autonomy. But more than fifteen years later, cryptocurrency technology hasn't quite lived up to its promises... yet.
While more IR and more apps might make blockchain and cryptocurrencies more exciting, what it really needs — especially for mass adoption — is more touchpoints and emotional narratives around which people can gather.
The next billion users don't care about the technology or the big venture capital invested in the next shiny object. They care about having a good time with a community of like-minded people. The “public good” or social impact projects created from here are the cherry on top.
Take DOGE, the OG cryptocurrency, for example. It was born with a cynical intent and no technical funding or innovation capital to back it. I was in the room at the Ethereum Foundation in Zug when DOGE was launched. It was an intended joke. “Let's not take ourselves too seriously,” said the tech bros. Yet now it has happened more 6.9 million owners, and the community uses its money to finance Water wells in Kenya. This is what you call bottom-up facility construction.
Instead of deep-pocketed investors throwing “use cases” and overvalued coins at retail, memes foster the formation of a truly decentralized community. This is the fundamental power and beauty of meme coins.
Speculation aside, it motivates geographically, culturally and ideologically conservative people to form groups around a common idea – often fun and humorous. With no hidden, long-term end in sight, Mimkween communities come together for community.
Vibration is in a separate world
Tribalism is nothing new in the cryptocurrency space. For example, extremism in Bitcoin or loyalty to Ethereum are nothing short of quasi-religious sentiments. The genesis block is A Holy symbol Dedicated to mathematics, game theory and mythology.
This begs the question: Why are meme currencies thriving now? The short and lazy answer is that cryptocurrencies operate in cycles, and now is a good time for meme coins. They will all go to zero once the hype is over. But no.
The world is becoming increasingly distraught, and younger generations are finding it difficult to understand this fact. There is a complete lack of meaning – and disillusionment – as existing institutions collapse or betray their dark, anti-individual underbelly.
Memes are the antidote to such triviality, not just in the cryptocurrency space but everywhere. until US presidential elections Meme identities such as "Kamala is naughty'or'Bridge voteMore than just policy, performance, or extreme ideology.
Britain's exit from the European Union previously witnessed sharp divisions between the "Leave" and "Remain" camps, with tribal language such as "rebels" and "extremists" being used. Polarized Conversations in all areas. Although it is a negative aspect, it shows how integral tribalism is to the modern era and culture.
Meme currencies are great because they channel this growing demand for belonging and connection into something positive and monetizable. Thousands chanted,Goat Bible","And many will do this without caring whether LLM holders can make typos or not.
bobcat (Bobcat), a meme currency based on Solana, is another example of fun vibes and community Traction Eliminate the need for technical promises. Punk flourished on similar lines to become "Social class“Solana.
Overall, the meme currency supercycle underscores a reality where identity is the new tool. Regardless of the right-leaning narrative or giant tech innovation projects, a community-first approach will separate the winners from the losers.
Without an established community, even the best technology will find its place in the trash. While the most mundane and uninteresting technology can reach the moon with the active and loyal support of the community. Intrinsic value has taken on a completely new form.
Younger consumers place as much importance on fun, identity, and emotional connection as functionality. Web3 projects, like everything else, must pass the liveness test. Builders - especially those with Web 2 backgrounds - need to rewire themselves for building tribes, not just tools.
AI may not take your job, but failure to meet the demands of the times certainly will. The lesson here is simple: community is the currency, and identity is the ultimate asset.
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