memecoin main characters

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Club happenings:

• On the pods, we talked about the situation with Binance in Nigeria with Stefen Deleveaux. We also went full K-pop and talked about onchain fandom.

• We did BUIDL Asia with NEAR Protocol and KryptoSeoul friends. Incriminating karaoke videos coming soon.

The Boys

Writer: Deana

Famous Vegan Goes to Jail. Former billionaire and fraudmaxi Sam Bankman-Fried was sentenced to 25 years in prison this week for stealing $8 billion from FTX customers. He’ll be in his late 50’s by the time he’s released, if he serves the full sentence (unlikely). At this point I’m feeling closure on this story, ready to pack it up and unsubscribe from this man’s life. SBF, you’re done.

Memecoin Corner. Random bags are back, with “cat coin” $MEW and “Richard Dawkins coin” $DAW among the thousands of others hitting the timeline this week. From memecoin Sensei Evin McMullen, “the machinery to produce tokens has gotten faster, cheaper and easier to use, and there’s less pressure to have any roadmap of utility at all — indeed the Howey test almost deters it.” The gaycoinz group chat’s POV? “Base coins are the main character atm.” says other main character Tokengay.eth. $CRASH has captured all our hearts with their artist-first and non-extractive approach to memecoin lore creation. Folks mint $CRASH-themed creations by cool artists, and those mint rewards are then split between the $CRASH liquidity pool and artist wallets. What a beautiful ecosystem. $DEGEN being used to bootstrap new startups is the new meta. Creators are feeling good about $BONSAI rewards being dished out on Lens. Not financial advice, do your own research, etc.

• 👟 Mint LES corner of Rivington by artist Addie Wagenknecht.

• 👀 Alex is experimenting with onchain media mockups, starting with credentials.

• 🫂 Riley is hosting the State of People, a monthly stream discussing the future of marketing, community, and decentralized identity.

• 🌸 Congratulations to Erica Kang for BUIDL Asia 2024 success.