Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcast
In this episode of Stocks in Translation, Coinage host and founder Zack Guzman joins Markets and Data Editor Jared Blikre and Producer Sydnee Fried to discuss meme coins and the growth of cryptocurrency in the current market landscape. Guzman breaks down the significance of meme coin investment in our current “attention economy” and why attention capital can be as important as money.
To hear more of Guzman’s thoughts, watch the full interview here.
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service.
This article was written by Lauren Pokedoff
Why buy meme coins if they're not really like there's no real value there?
Yeah, I think it's been interesting if you think about the evolution of what's happening in crypto. In web two, you had this idea of the only thing that mattered was money. In web three, as the internet's come around, I think we're seeing this with influencers too, and companies working with influencers. It's not just money anymore, it's attention. And so how do you tokenize things in that era of the internet, the attention economy? If you have attention and money as your kind of two capital drivers. And so yes, it is kind of dumb to think about cartoon tokens that trade as meme coins. But think about Pina the squirrel. That thing went from like 300 million to like two billion, and of course, it's come back down, but there is a cycle here. And it's not as crazy as it might look from the outside, is how can you tokenize attention and something together. What we're doing, though, is trying to break down a wall between a creator and their audience, which is something we've talked about before. But that is powerful in the idea of, you know, web two social media giants, Facebook, all of those companies grew by letting a creator bring in followers. But now, with web three, you can actually tokenize things together and break down the wall and let those followers co-own something. And that's really what we're trying to build at my company.
