The same memecoins merge with popular culture, and their influence will develop, explains the pioneer of the crypto Olaf Carlson-Wee

It is easy to harm the same – criticism of internet trends that have little underlying goal – like the worst type of crypto game. But look more closely and it is possible to see even as part of a new emerging information ecosystem, explains Olaf Carlson-Wee, founder of one of the very first Crypto VC companies and the star guest of the last episode of Fortune’s Crypto Playbook Vodcast (available on Spotify, Apple and Youtube).
Carlson-Wee deserves to be taken into account because it was early in most of the most important developments in the crypto. This includes writing his thesis on Bitcoin in 2012 and, after a passage as a log, joining Coinbase as the first employee. He left the company in 2016, in the first days of Ethereum and smart contracts, to start Polychain Capital.
On the Vodcast, he shared his point of view on where the industry goes afterwards. This included weighing on the recent proliferation of same, which took off thanks to sites like Pump.fun, which allows anyone to launch a cryptocurrency.
The vast majority of these parts are worthless, both for practical purposes and as an object of speculation. But many have a market capitalization of more than a million dollars, and some, like Dogecoin, even are worth tens of billions. More importantly, notes Carlson-Wee is that all the same taken together begin to press a stamp on popular culture.
“There is a very fascinating behavior where, each time a new event of news or a meme is created, everything that is viral on social networks or on the internet, you immediately see a coin launched and attached,” he said, pointing the example of a person who learned the death of Pope Francis through a same.
Carlson-Wee observed that in the future, it is easy to imagine a world where the same becomes a type of content and, on the basis of the activity of traders, are part of a flow of organic social media. For many in the world of cryptography and beyond, this could be an interesting alternative to the current system where people are contained by force based on algorithms of large technological companies.
“These new memecoins act as the information discovery system for the tip of the information markets,” said Carlson-Wee. “In social media, you might have every message, right? I think it’s a bit where we are heading.”
The Polychain founder has also weighed on other emerging trends that should be part of the crypto fabric.
On the intersection of crypto and AI, Carlson-Wee observed that blockchains represent a natural substrate for deployment agents. Indeed, traditional software systems are largely incapable of autonomous transactions, while blockchains can use smart contracts to achieve it.
“(Agents) can conclude contracts using software or mathematics such as smart blockchains, they can have assets in cryptographic wallets, and they can compromise with real people or other agents using cryptographic wallets,” he noted.
You can find the whole interview with Carlson-Wee, as well as the first four episodes of Crypto Playbookhere.
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