I was WRONG about MEME Coins like $PEPE and $WEN and you are too!

#NFT365 #NFTPodcast #memecoins
In this episode, Fanzo discusses his journey of understanding the nuances and cultural relevance of meme cryptocurrencies. He talks about the rise of meme coins like Shiba Inu and Dogecoin, and admits his initial misunderstanding about the Pepe coin, a cryptocurrency named after the Pepe the Frog meme.
Fanzo reveals how he initially dismissed the Pepe coin due to its controversial history, but after a deep dive into the community and its motivations, he had a change of heart. He describes how he found a sense of shared identity and representation within the Pepe community. Fanzo’s newfound understanding of the coin led him to watch a documentary about the original artist of Pepe, Matt Fury. He highly recommends this documentary titled "Feels Good Man" for anyone in the web 3.0 and NFT space as it provides insights into the digital world, art ownership, and the power of community.
Fanzo stresses the importance of conducting one's own research and understanding risk tolerance before venturing into cryptocurrency. He likens the cryptocurrency space to a casino, emphasizing that the connection, identity, and community in cryptocurrency surpass the speculative nature often associated with the stock market.
Finally, he discusses the potential intersection of NFTs and tokens, arguing that they can share in value, ownership, and execution. He refers to the ADHD coin he launched and the Winn Mint team's tokens as examples of this model in action.
Key Takeaways:
1. The importance of understanding the cultural relevance and community behind meme coins.
2. How cryptocurrencies can provide shared identity and representation for its holders.
3. The recommendation of the documentary "Feels Good Man" for a better understanding of the digital art space.
4. The need for individual research and risk evaluation in the crypto space.
5. The potential of tokens and NFTs to collaborate and create shared value.
Disclaimer:
This episode is not financial advice. Always do your own research and understand your own risk tolerance before investing in any tokens or NFTs.
00:00:32: Introduction to the complexities of cryptocurrency and meme coins. Brief overview of Ethereum and the rise of ERC 20 tokens.
00:01:22: Fanzo's initial opinions on Shiba Inu and Doge, which originated as joke memes but have since gained significant momentum in the crypto world.
00:01:50: Fanzo discusses his encounter with the Pepe coin and his initial reservations due to its association with alt-right movements.
00:02:50: Fanzo admits his mistake in not conducting thorough research about Pepe coin, discussing the success stories within his community.
00:03:37: Fanzo shares his exploration and understanding of the Pepe meme and its significance in the crypto and NFT community.
00:04:17: Recommendation to watch the documentary, "Feels Good Man", which explores the origin of the Pepe meme and its cultural impact.
00:05:36: How the documentary changed Fanzo's perspective on the Pepe coin, leading him to invest.
00:06:32: Fanzo disclaims that this episode is not a promotion for Pepe coin but rather an exploration of the significance of memes and identity in the crypto world.
00:07:36: Thoughts on the current state of the world and the importance of identity, ownership, and connection.
00:08:06: Fanzo shares his lessons from the Pepe coin experience, and the importance of understanding the communities behind these tokens.
00:08:23: Fanzo's past experience launching ADHD coin and lessons learned from its dissolution.
00:09:30: Discussion of the association between coins and casinos, highlighting the importance of understanding personal risk tolerance in the crypto world.
00:10:48: Fanzo discusses how crypto communities rally around specific tokens, creating a sense of identity and unity.
00:11:21: Introduction to the Winn token, and its rewards for participation.
00:12:20: The power of tokens and NFTs in sharing ownership and value, providing examples like Starbucks reward points.
00:13:18: A reminder to do your own research, understand your risk tolerance, and be open to different perspectives in the crypto world.

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Leaving one for the algo gods!! $WEN MOON 🌙🎉