People often don't understand why Memecoins increase in value because they lack a proper framework to evaluate them. Unlike other assets, you can't do a fundamental analysis on memecoins' income streams.

I've discussed what makes a good meme, but many still think they have no value. Let me explain further.

  1. How Facebook Makes Money
    Facebook, now Meta, is a tech giant with a market cap of $1.1T. It has dominated social media for nearly two decades. Why is Facebook so successful?

  2. As an early social network, Facebook excelled at creating connections between people and real-life circles online, providing engaging spaces for interaction. But how does Facebook make money?

  3. Although Facebook is free for users, 95% of its revenue comes from paid ads. They can charge companies because they successfully capture everyone's attention in one place. Companies pay for ad space due to the large audience.

  4. With Instagram & Facebook, a lot of hard work and complex execution made these apps successful. Ultimately, they succeeded in capturing people's attention, which they monetized.

  5. Back to Memecoins
    If you've spent significant time online, you know memes are crucial in how young people communicate. On Instagram, TikTok, or messages, people share relatable memes, and the most liked memes spread across all social channels.

  6. People can't value memes correctly because they don't do the right analysis. It shouldn't be about memes' cash flow, which they lack, but rather the value of the attention they garner.

  7. Facebook turned social media attention into billions in revenue. But until now, no one directly monetized memes on the internet. Cryptocurrency makes it easy to attach an altcoin to an existing meme with images and videos.

  8. It's time to rethink how we value attention in the attention economy. For example, celebrities create products to sell to their massive, loyal followings. Kylie Jenner, for instance, can make billions because she commands vast attention.

  9. This is why I'm optimistic about social tokens. The fundamental reason meme coins hold value is their ability to attract massive attention, which is highly valuable.

TL;DR: Companies use ads and celebrities launch products to convert attention into revenue. Memes are excellent at attracting similar levels of attention, and cryptocurrency allows them to be monetized in the same way.

I emphasize that attention is crucial in today's economy. Though memes don't have direct cash flow, they draw significant attention that can be monetized via crypto. Those who don't understand meme value need to adjust their analysis to appreciate the worth of the attention memes capture.