Meme It is not only a speculative target for gold, but also the foundation of encrypted social infrastructure.

Meme It Beyond a Gold Speculation, the Pillar of Encrypted Social Infrastructure

Author: Meow

Compilation: Deep Tide TechFlow

We live in a ridiculous world. The more absurd, the better the memes. As the world becomes wilder and scarier, we need them more and more. We find common ground through humor and cope with dreadful events through memes, which often become immortal moments in history, forever existing through memes on the internet.

Whether it’s geopolitically influential events like the Trump election or specific incidents like the Harambe incident, memes are the most compact and powerful way to recall this shared emotional memory.

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Beyond the big and famous memes, they are simply a means of communication. Throughout the conversation, there are various stickers and GIFs, and memes are their own language, an indispensable part of the internet. They are often where we find common ground, where people build communities around sharing them, celebrate them, and acknowledge their cultural relevance.

Memes, an essential part of cryptocurrency

From a literal standpoint, there is nothing more core than memes. Since cryptocurrencies are essentially internet money, why can’t memes be an integral part of cryptocurrencies?

For us, it makes perfect sense that they often dominate the discussions and imaginations of market participants. After all, the market is essentially memes driven by the most attention-grabbing narratives of the day, the week, or the year.

Cryptocurrencies just take this to the extreme. We spend a lot of time in this industry discussing why things have value and how to value these assets. Why would a meme coin have value? Ultimately, it’s really just collective belief, people believing in memes.

Communities can be built around a meme coin. If done right, they can be one of the best ways to attract users who can better understand these memes rather than reading or not understanding complex DeFi token whitepapers.

Historically, memes have had enormous upside potential in bull markets. This narrative is ingrained in the minds of market participants. People generally believe that meme coins will have astonishing gains in bull markets. Memes will continue to exist in the cryptocurrency market, and everyone should accept that.

Social coordination, storytelling, trust, and financial incentives are important factors in the development of cryptocurrencies. Memes are the language widely understood by internet natives and an indispensable part of cryptocurrencies, so meme coins will become a lasting feature of Web3.

If you can’t kill memes on the internet, you can’t eliminate meme coins in Web3 either. Therefore, we really should start taking meme coins more seriously, seeing them as powerful tools and an important aspect of cryptocurrency technology and financial infrastructure. Essentially, meme coins are social infrastructure.

In other words, we believe that Meme coins are the purest manifestation of our three core beliefs:

• New currency means the formation of a new social system

• Value is generated simply because people want something

• “Symbols” have a tremendous cohesion

For example, the reason why Bitcoin is globally renowned is because it has successfully created a global social system that many people desire, and has become a symbol of resistance against centralization.

However, Meme coins demonstrate these beliefs in an extreme way, as the formation of Meme coins is fundamentally based on the creation of a social system that generates enough demand. And we want to emphasize one point: the Meme community revolves around the symbol itself, not the technology or financial system.

Therefore, they can become one of the most important social channels in Web3, bringing teams and users together around interesting Meme-related things.

Meme coins are important

In summary, the importance of Meme coins is as follows:

• Cultural resonance: They use universally understood language to make them more relatable and appealing.

• Community building: Meme coins often have passionate communities.

• Narrative and symbolic significance: Meme coins embody captivating stories and ideas that go beyond technological or financial utility, capturing the public’s imagination.

• Simplicity: Meme coins make it easy for cryptocurrency newcomers to understand, facilitating their entry into the Web3 world.

• Leveraged investment: Meme coins can be a high-risk, high-reward investment, and investing in memes is often seen as extremely risky.

• Role in the crypto ecosystem: Meme coins add a social layer to the crypto industry, balancing the complexities of technology and finance.

• The power of symbols: Meme coins foster community cohesion and collective action, serving as a symbol for the community and highlighting the importance of symbolism in cryptocurrency.

Meme coins are not just a passing trend, but an essential part of the cryptocurrency field. They reflect the complexity of internet culture and human interaction. By capturing the essence of internet humor, symbolism, and beliefs, Meme coins reveal the profound impact of social dynamics in shaping digital currencies.

In the process of further building this Web3 economic system, let us not forget the power of community and storytelling, which are equally important as technology and financial innovation. Let us embrace these unique Meme cultures.

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