I understand that the biggest difference between on-chain assets (meme) and secondary altcoins is not whether there is VC.

The biggest difference is:

🌟 There exists multiple stages of value discovery

🌟 Community participation in value shaping

Secondary altcoins basically do not have a community;

On-chain asset communities directly participate in value shaping:

Narrative; Community co-creation; Community activity; Traffic dissemination; Community operations, etc.

Currently, the on-chain "project coins" actually satisfy the first point, with multiple stages of value discovery;

AI memes have a closer connection with the community, involving community participation in the value shaping process;

Some targets in desci, due to their relevance to biomedicine, mainly have value led by the project party, seemingly lacking the second stage of community participation in value shaping.