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David Furlong pfp
David Furlong
@df
Should long term, non-casino builders in this space consider leveraging memecoins to achieve their goals? What are the emerging learnings of memegtm from tokens like $degen?
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Jayme Hoffman pfp
Jayme Hoffman
@jayme
No!
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Jayme Hoffman pfp
Jayme Hoffman
@jayme
I don't think $DEGEN was/is a memecoin. It launched as a points system for Farcaster activity > then a tipping mechanism > then a sort of token-as-a-service for degen-ish apps > and now infrastructure for the $degen community. At first, I thought it was like dogecoin for farcaster; now it's more like the next Solana.
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Jayme Hoffman pfp
Jayme Hoffman
@jayme
Also don't think companies can launch enduring memecoins IMO memes and memecoins must organically come from the community. A memecoin can launch a company (i.e. bonk) but not the other way around.
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