At the Token2049 conference, attendees explored developments in consumer-focused web3 apps, highlighting the increasing impact of meme currencies.
At the “Emerging Trends in Consumer web3 Apps” discussion during Token2049 in Dubai, the speakers explored the concept of tokenizing user attention and the impact of meme coins on this progression.
Imran Khan of AllianceDAO pointed out that a fresh trend is gaining traction in the blockchain sector right now: meme tokenization. Various initiatives that have emerged in recent years have employed memes as a marketing strategy, with Khan explaining that this involves incentivizing people through tokens based on their shared perceptions.
Tristan Yver, founder of Backpack, stated that there’s currently a lot of buzz around meme coins. These tokens are playing a significant role in attracting new users to the cryptocurrency market.
Santiago Roel Santos, an investor, concurred, pointing out that the concept of attention tokenization extends to meme coins, which have gained significant popularity in the crypto world recently. He cautioned against dismissing meme coins as insignificant or “not real,” emphasizing instead their remarkable power and influence within the industry.
“They’ve been around since humans have walked on Earth, so they’re very important instruments.”
Santiago Roel Santos, investor
Although the panelists had differing opinions about the significance of meme coins in consumer web3 apps and attention tokenization, they all acknowledged their importance within the cryptocurrency sector.
In the meantime, meme coins have been breaking records. According to a report from CoinGecko, these tokens surpassed all other crypto market sectors during the first quarter of 2024, yielding an average return of 1,313% across the top ten tokens.
In contrast to other areas like real-world assets (RWA) and AI-tokens, meme coins continue to outshine them in terms of profitability within the unpredictable and volatile cryptocurrency market.
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2024-04-18 18:41