Memecoins are fusing with popular culture and their influence will grow, says crypto pioneer Olaf Carlson-Wee.
It’s easy to write off memecoins—cryptocurrencies tied to internet trends that have little underlying purpose—as the worst type of crypto gambling. But look a little closer and it’s possible to see memecoins as part of an emerging new information ecosystem, says Olaf Carlson-Wee, founder of one of the very first crypto VC firms and the featured guest on the newest episode of Fortune’s Crypto Playbook vodcast (available on Spotify, Apple, and YouTube).
Carlson-Wee is worth heeding as he’s been early to many of the most significant developments in crypto. That includes writing his thesis on Bitcoin way back in 2012 and, after a stint as a lumberjack, joining Coinbase as its first employee. He left the company in 2016, back in the early days of Ethereum and smart contracts, to start Polychain Capital.
On the vodcast, he shared his views on where the indus
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