Memecoins vs. PFP NFTs - Adoption

There’s a misconception that NFTs' high prices hurt mass adoption by limiting who can afford them, making them seem "too exclusive". But that exclusivity is a feature, not a bug.

Like luxury watches or rare art, NFTs thrive on scarcity, and their value grows as people aspire to own them. Demand increases as prices rise and remain high. There's no need to directly convince people to buy these types of assets, especially when they're radically speculative.

- But how do you grow the culture if it doesn't appeal to everyone?

You grow the culture around NFTs by fostering a strong sense of belonging and aspiration even for those who don’t own one. Not everyone owns a Rolex, but the brand still influences fashion, lifestyle, and status beyond just ownership. NFTs can do the same by creating experiences that invite people to be part of the movement, whether through content, products, or events.

The desire to own one ultimately fuels the culture’s growth and keeps it asp…

There is a parallel to proof of stake economic security as well. 

As the token gains or loses value, it strengthens or weakens the entire ecosystem economy 

As strong (tho not necessarily parabolic) market cap sends a strong signal that there is high conviction and trust in the long term value of holding and participation