You have to listen to the conversation about the unexpected evolution of memecoins and the changing perception of VC funds towards what initially started as a joke within the industry.
We interviewed Farkhad Shagulyamov, co-founder and CEO of Velas and founder of Alpina Capital AG, to talk about the emergence of projects that start as memecoins.
Farkhad Shagulyamov has been in the blockchain space since 2016. He issued the world’s first crypto ISIN while working with a financial and asset management firm in Sujun in 2017. He is also known for his contributions as one of the creators of BitOrbit, a decentralized social media platform.
In conversation with podcast host Andres Meneses, Farkhad Shagulyamov gave an analysis of what’s going on with memecoins today.
“If you asked me three years ago, I was not pro-memes,” Farkhad acknowledged. Now, however, he has a different view. As he pointed out, “memes can be a good engagement tool.”
He also clarified that now the crypto market is very different, among other things, because institutional capital is also entering the playing field.
“We could say that we are now officially in a meme supercycle,” Farkhad stressed, and recalled that memecoins “have been pumping.”
“The way I see memecoins, is that they are a fast way to build community,” he expressed. He also emphasized that we’re seeing a shift in the market where memecoins are acquiring utility as the time goes by, “I think to sustain it there has to be real products, real roadmaps,” he opined.
“Even if it’s a memecoin, I still look at a 3-5 years roadmap where users can monetize and use the product. It could be a quick in and out, but you could also perceive more value in the long-term” he clarified.
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