Venture capital firm a16z has raised $7 billion without earmarking any funds for meme coins, sparking debate on the role of meme coins in the crypto industry. The firm's stance against meme coins has drawn mixed reactions, with some questioning the impact on crypto's image and others highlighting the community value they bring. Various individuals express differing opinions on meme coins, from their potential for high returns to their impact on the market and investor behavior.
the a16z CTO explaining to me that memecoins have no fundamental value https://t.co/3636XxeIBr
How do I explain memecoins to my mom?
Memecoins are the defi of this cycle and the icos of the cycle prior thesis: Everyone hates and distrusts tardfi No one trusts the gov to properly regulate the monetary supply ppl making 150k cant afford children without extra gains tax increases keep getting proposed and…
ICYMI: @solana CO-FOUNDER @rajgokal SLAMS THOSE THAT SAY "MEME COINS ARE SCARING AWAY SERIOUS BUILDERS" - SAYS "IF YOU'RE FRAGILE ENOUGH TO GET SPOOKED BY HOW YOUNG PEOPLE CHOOSE TO USE PERMISSIONLESS SYSTEMS TO HAVE FUN, YOU WILL QUITE SIMPLY NOT MAKE IT HERE" https://t.co/ybFejIfDuL
Trading memecoins shouldn't have to be a guessing game. By understanding the historical role memecoins play in crypto cycles, they can serve as a signal to broader market moves. ✍️ by @Saypien_ 🔗 https://t.co/WNLQAzzeax https://t.co/0NERCcolsn
99% of all meme coins die very quickly 🤯 Can we use data to maximise odds of making the right bet? Guide 👇 to uncover promising Farcaster Meme Coins. Based on @andrewhong5297 comprehensive social + trading dune dashboard
Some of the memecoin founders I’ve met are seriously competent builders. It’s easy to dismiss, because these builders aren’t building “fundamental value” in the price/earnings sense. What they are building is community value; and since crypto is financialized community,… https://t.co/grvCmTl3P8
A16z coping cause they can‘t make free money off memecoins lmao
meme coins have been great at exposing accounts who clearly have relied on seed rounds and backdoor allocation for projects to larp as a great trader not having fun any more big dog?
Memecoins ➡️ Social Brand coins Think we’ll see multiple influencers / brands launch their own mEmEcOiN in < 6 months. Memecoins are basically community coins. & they’ve demonstrated their ability to capture & monetise attention around those communities: $WIF, $DOGE =…
What memecoins are we buying cousins I'm feeling the momentum shifting
What would be cool is if VCs reflected on the memecoin market and decided to focus all their efforts only on funding projects that would represent real progress for crypto + with tokens worth owning vs copy pasta projects with extractive economics that drive people to memes
VCs who funded vaporware crypto products hearing someone mention memecoins https://t.co/2lKj01QgW3
What’s your biggest memecoin bag??? https://t.co/MNxbf5vz4t
“meme coins” implies the existence of coins with utility who’s building this?
Memecoins are the future of this Bull Market and the highest appreciating asset in the world rn! #memecoins #crypto #future
Don't know who needs to hear this but a16z CTO and VCs overall don't like memecoins because they don't have their hands in the deal. It's very simple.
Okay, serious question: What’s the next memecoin to do this? 🤔👇🏼 https://t.co/aMJF6Sbg0J
THE ONLY UTILITY OF CRYPTO IS TO PROVIDE INFRA FOR MEME TRADING
In other words, all coins in crypto have been memecoins this entire time. And now, funny memes are taking relevance away from high-tech low-fee infrastructure layer memes Important to study butthole theory to understand the consequences of this Retardio in three acts
a16z: “MEMECOINS ARE BAD!” Coinbase: “hold our beer” https://t.co/5D46fVWKtV
meme coins are the best man, remember having to “care” about what utility tezos or chainlink had? dont miss that at all
Meme Coins are the Reality TV of crypto. They might not be the smartest, they might be the easiest and cheapest to make, but they certainly capture the mindshare and attention. There will be plenty of other programming besides this, but you need to fill the hours somewhere...
People in crypto: "we need to build real usecases that have PMF and users like" *meme coins exist* Same people: "no not that kind of usecase. One that I can get seed round allocation in"
Alright, 2nd Bad Loopify tweet that I'm quoting. A16z basically argues that memecoins and shitcoins "ruins" the image of crypto and makes it more "gambly and casino like." My biggest question would be, "So what?" Why are "risky" investments only allowed for the ultra-rich… https://t.co/j9Zxb1Sq2r
.@a16zcrypto's @cdixon recently wrote an oped in @FT on memecoins. Here’s a quote along with the full post on our site for your reading. “My goal here isn’t to defend or to diminish memecoins. It’s to point out the backwardness of a policy regime that lets memecoins thrive —…
The memecoin cope we are seeing today coming from buildoooooors and the @a16zcrypto is hilarious I think it means memes are gonna go astrologically higher Memecoins will light up the Earth as a new kind of magic
I buy memecoins with: - Strong communities - Based Devs - Viral meme potential - Good utility ~ maybe 🤣 It’s simple. Which project checks all 4? ✅ SHILL ME THE NEXT GEM 💎
Memes going viral make them less and less funny. So many meme coins from 2021 feel cringe af now. Attention cycles back to whatever feels tangible. Degens then wild out on the idea of shit like "blockchain to revolutionize the dental industry!" Reality crashes in, back to memes,…
What memecoins was I shilling tho? https://t.co/xeo7F66twJ
What's the next 100x gaming coin? (here are 4 I think could make it) https://t.co/79dXQImv1A
waking up and seeing @a16zcrypto slam memecoins. memes are bad for long term of crypto? BUT bitclout, fei protocol, and yuga labs are NOT? do you think we're really that dumb? also vcs: "memes are bad but BERACHAIN reminds me of the LINK MARINES COMMUNITY!" disgusting tbh.
I’ve had so many IRL friends reach out and ask me about crypto after this recent meme coin run And there are people who think meme coins are a “bad look for the industry” Insanity 💀
a16z self doxxing as not having earmarked any of their recent $7 billion fundraise for memecoins 🫵🤡