Memecoins have more potential upside than blue-chip governance tokens, according to VC

Quick Take

Variant general partner Li Jin explores how different types of memecoins capture and monetize attention.

Episode 20 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Variant Co-Founder & General Partner Li Jin.

Listen below, and subscribe to The Scoop on YouTube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock.co

Li Jin is a co-founder and general partner at the crypto VC firm, Variant.

In this episode, Li analyzes the memecoin phenomenon that has recently swept over the crypto market, and explores how different types of memecoins capture and monetize attention.

OUTLINE
00:35 Memecoin Zeitgeist
04:04 The Attention Economy
10:58 Classifying Memecoins
17:40 Trading Memecoins
21:05 Are Memecoins Productive?
23:14 Memetic Analysis
29:10 Memecoins & Marketing Strategies
34:42 Closing Thoughts

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.