00:00 Speaker A
Why buy meme coins if they’re not really like there’s no real value there?
00:06 Speaker B
Yeah, I think it’s been interesting if you think about the evolution of what’s happening in crypto. In web two, you had this idea of the only thing that mattered was money. In web three, as the internet’s come around, I think we’re seeing this with influencers too, and companies working with influencers. It’s not just money anymore, it’s attention. And so how do you tokenize things in that era of the internet, the attention economy? If you have attention and money as your kind of two capital drivers. And so yes, it is kind of dumb to think about cartoon tokens that trade as meme coins. But think about Pina the squirrel. That thing went from like 300 million to like two billion, and of course, it’s come back down, but there is a cycle here. And it’s not as crazy as it might look from the outside, is how can you tokenize attention and something together. What we’re doing, though, is trying to break down a wall between a creator and their audience, which is something we’ve talked about before. But that is powerful in the idea of, you know, web two social media giants, Facebook, all of those companies grew by letting a creator bring in followers. But now, with web three, you can actually tokenize things together and break down the wall and let those followers co-own something. And that’s really what we’re trying to build at my company.