Memes becoming the dominant narrative was a reaction function to regulatory scrutiny making anything of fundamental substance in crypto almost impossible to pursue due to regulation by enforcement from the SEC. I don't think it's a coincidence that as soon as a lot of that got cleared up there's been a pivot towards building things of substance again.
I still love memes and memecoins and all that but I'm also glad to see things thriving again too and innovation occurring. That was a super weird 3 years.
Now crypto is a serious industry
In 2024, the biggest Token2049 takeaway was @MustStopMurad's legendary Memes talk, which ignited the AI-meme rally by the end of the year.
We were all buying $GOAT, $FARTCOIN, $ZEREBRO in addition to $SPX, $RETARDIO, $PNUT, etc.
Launching a meme was the only legal thing left to build, buy, or trade. Even presidents launched their own meme after that run.
Twelve months later, we’re back at Token2049, and the big theme is: Institutions are finally here
DATs, RWAs and Stablecoins are all worthwhile of Institutional interest.
Half the speakers were in suits, and most side events had big institutional sponsors.
Finally, we’re a mature, respectable industry…
…until Trump drops his next meme coin
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