TL;DR
Full Story
Meme cash – they’re all the fashion this cycle.
However this time it’s a bit of completely different.
This time, as an alternative of meme coin initiatives creating ‘unbelievably thrilling’ roadmaps (that haven’t any likelihood 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 could 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 essential a group is for any crypto undertaking.
With out group help, the undertaking by no means will get off the bottom – with group help, the undertaking prospers into what it’s right this moment.
Second, there’s rumors that Shiba Inu’s $12M elevate is definitely a part of a a lot bigger elevate which shall be coming in at the very least three extra tranches over the following few months/years. More cash 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 tip product of web3 to be? Shiba Inu is paving the way in which for a unique 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!
