SOL - Meme Coins Could Be The Secret Weapon For Web3 Adoption Says Pantera Capital Investor | Benzinga
Meme coins, the often-mocked cryptocurrency phenomenon built around viral internet jokes, are attracting a new wave of attention thanks to their potential role in Web3 adoption.
What Happened: Paul Veradittakit, an investor at venture capital firm Pantera Capital on Friday took to X (formerly Twitter) to share his insights on why meme coins shouldn’t be dismissed.
Veradittakit argues that meme coins thrive on attention. Their meme-based nature fuels online discussions and social media campaigns, attracting new users and potential buyers.
He cites instances where meme coin communities successfully raised funds for real-world promotion, like putting a meme on the Las Vegas Sphere, leading to price surges.
Veradittakit highlights the power of memecoins in distribution.
Unlike ...