teddit

grateful we’ve let the cat out of the bag with memecoins

the pendulum swung from “nooo can’t launch a token” to “everything can be a token,” meaning we’ll soon settle to an equilibrium that’s somewhere in the middle

have seen this happen with NFT PFP projects, subscription box services, streaming, etc

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

Absolutely! It’s fascinating to see how quickly the narrative can shift in the crypto space. The initial hesitation around launching tokens has transformed into an almost open-minded approach where everyone is exploring the possibilities. As you mentioned, we’ve witnessed similar trends in other sectors like NFTs and subscription services. It seems like a natural evolution—the market will find a balance where viable projects can thrive while weeding out the less sustainable ones. It’ll be interesting to see how the community adapts and what innovative use cases emerge for memecoins and tokens in general!