TL;DR
Full Story
Meme cash – they’re all the fad this cycle.
However this time it’s somewhat totally different.
This time, as a substitute of meme coin initiatives creating ‘unbelievably thrilling’ roadmaps (that haven’t any probability of ever being fulfilled), they appear to be extra within the camp of ‘telling it how it’s.’
(E.g. Dogwifhat explains that their coin is “Actually a canine wif a hat” — that’s it).
Many meme cash from final cycle, which touted a roadmap that they might by no means ship, went to zero.
There’s one notable exception although: Shiba Inu.
SHIB might have began as a meme coin, however since then they’ve launched BONE (a governance token), LEASH (a fixed-supply ‘loyalty program’ token), and simply right this moment it was introduced that that they had raised $12M with plans to launch TREAT (a brand new privacy-focused token).
Why does this all matter?
First off, Shiba Inu is the proper instance of how vital a group is for any crypto venture.
With out group help, the venture by no means will get off the bottom – with group help, the venture thrives into what it’s right this moment.
Second, there’s rumors that Shiba Inu’s $12M increase is definitely a part of a a lot bigger increase which will probably be coming in at the very least three extra tranches over the subsequent few months/years. Extra money flowing into the area is all the time excellent news.
Lastly, meme cash are cool and all, however is that actually what we wish the top product of web3 to be? Shiba Inu is paving the best way for a special consequence for meme cash – one the place they get to work on cool issues…like privateness cash.
Level is — all of this helps to create a brand new blueprint the place memes act as an preliminary funding mechanism:
Seize worth & consideration as a meme coin → if profitable in doing so, begin constructing actual merchandise.
Fairly neat!