Part 3/9:
Belmar’s journey in the crypto space began in 2016, where he witnessed the rapid rise and fall of various currencies, ultimately leading him to appreciate the role of culture in the proliferation of meme coins. As he engages with community-driven currencies, there is a palpable acknowledgment of how influencers and creators power trends in this market.
Luke points out that understanding how people perceive and relate to these coins is more crucial than merely focusing on their market potential. Belmar cites examples of coins that garnered immense traction due to their strong community backing, such as Pudgy Penguins, emphasizing the necessity for authenticity and relatability in this space.