How Memes and Gamification Are Changing Finance As We Know It

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Ray Chan is the CEO and co-founder of 9GAG, a global cross-platform entertainment network with a 200 million global audience, and the CEO and Founder of Memeland, one of the largest SocialFi ecosystem and Web3 venture studios. An alumnus of Y Combinator and 500 Startups, Ray has a track record of fostering community-driven digital innovation.

Memes are taking over finance. And, behind the community forums, comical volumes of wealth emerging within days, and sometimes-crude humor, something tremendous and meaningful is happening.On the surface, memes are just photos and video clips that zip around the internet in text messages, social media timelines and community forums. It’s easy to overlook them and dismiss that they may carry with them more than a humorous reference.

In crypto, memecoins have always played a major role — appealing to the type of community-first finance that typically spreads through the power of memes and market gamification. Early memecoin iterations like DOGE were followed by use-case-specific versions like NFT collections, and today are accelerated by next-gen, low-cost blockchains like Solana.

It seems hard to imagine a world where such community-powered, entertaining wealth creation will do anything but grow.

 

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