Can money buy memes?

Memes are becoming a category that cannot be ignored, not just part of the game.

Good morning.
This is mitsui from web3researcher.

Today I will write about my own thoughts on "memes".

🐕 memes are becoming part of the chain strategy
💰Can mimes be bought with money?
💬Can't we plan to attract them?

🐕 memes are becoming part of the chain strategy.

On April 2, 2024, we announced the BNB Chain Meme Innovation Battle with a prize of up to $1M. Simply put, this is a grant to attract memes onto the BNB chain.

https://www.bnbchain.org/en/blog/meme-innovation-battle-for-a-prize-pool-of-up-to-1m

We do not know the success or failure regarding this initiative, as the results are not yet available, but it is certainly a very interesting initiative.

Already, meme tokens have grown to the point where chain projects cannot be ignored: looking at CMC, there are six meme tokens in the top 100 in terms of market capitalization, and as for DOGE and SHIB, they rank in the top 10 or so.

https://coinmarketcap.com/view/memes/

Others, such as Avalanche's launch of a memecoin liquidity program called "Memecoin Rush," have gone so far as to incorporate memecoins officially as one strategy to attract and enliven users to the chain.

If you think about it, the Base chain also has a background of a rapid increase in the number of users because of the existence of the BALD token, which soared 4 million% in the beginning, and the existence of friend .tech.

Vice President of Research at Messali, Marce Bass, said that meme coins have the potential to introduce virtual currency to a wider audience, commenting that "meme coins can be seen as a 'Trojan horse' for virtual currency to introduce new users to the concept. "Meme coins could be seen as a 'Trojan horse' for virtual currency to introduce new users to the concept of virtual currency," he said.

In short, there is a great potential for meme coins to be the catalyst for users to be attracted to cryptos.

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💰Can money buy memes?

I have previously written an article on memes, where I personallyconcluded thatmeme tokens are CultureFi. I believe that the physical heredity in human society is the gene, the cultural heredity is the meme, and the meme token is a value contour to some cultural heredity.