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Exploring the Meme coin Landscape with Aguri Chan's CTO Vuzel
In this episode of Chain Chatter, Khal sat down with Vuzel, the CTO and lead developer of the Aguri Chan meme coin project, for an in-depth discussion on the evolution of the meme coin industry.
From Astrology to crypto
Vuzel shared his fascinating journey into the crypto space, which began with an interest in astrology. He explained how he initially got into Bitcoin after hearing RON Paul's views on the Federal Reserve and the need for alternative currencies. Vuzel then discovered Dogecoin in 2019 and became enamored with the community's "do only good every day" philosophy and focus on memes and humor.
However, Vuzel's early crypto investments were not without setbacks, as he recounted losing a significant amount of money after getting involved with a scam project. It was during this difficult period that he found solace in the Dogecoin community, who welcomed him back with open ARMs. This experience solidified Vuzel's appreciation for meme-driven projects and the power of community.
The Evolution of Meme coins
Discussing the broader meme coin landscape, Vuzel acknowledged the industry's rapid evolution. He noted how early meme coin success stories, like Dogecoin's rise, proved the power of having a influential "key opinion leader" (KOL) promote an undervalued project. However, Vuzel believes the space has become oversaturated, with projects nOW struggling to find the right formula for success.
Vuzel emphasized the importance of meme coins having a strong, authentic community and narrative. He drew parallels between meme coins and adopting a puppy, explaining that just as raising a dog requires patience and dedication, meme coin communities need to be nurtured and cared for over time.
Aguri Chan's Memetic Approach
Vuzel then delved into the Aguri Chan project, which he took over as CTO. Aguri Chan is positioned as the "best friend" of Nero, the new DOGE dog featured on Kabosu Mama's popular blog. Vuzel believes Aguri Chan's deep connection to the Doge ecosystem and Kabosu Mama's ongoing engagement provide a strong "memetic" foundation for the project.
Beyond this narrative, Vuzel emphasized Aguri Chan's focus on "do only good every day" values and community-driven initiatives. He shared his passion for organizing Aguri Chan community members to volunteer at local dog shelters, as he sees this as a way to authentically embody the project's ethos of friendship and loyalty.
The Role of Layer-2 Blockchains
When asked about Aguri Chan's choice to remain on Ethereum despite the rise of lower-fee Layer-2 solutions, Vuzel expressed openness to exploring expansion onto these networks. He acknowledged the benefits of reduced transaction costs but also highlighted Aguri Chan's symbolic connection to Nero's Ethereum-based contract.
Vuzel believes the proliferation of Layer-2 chains is ultimately a positive development for the industry, as it fosters competition and innovation. He views this as a natural evolutionary process that will help reveal the strongest projects and ideas.
Closing Thoughts
In closing, Vuzel encouraged the audience to join the Aguri Chan community, engage in meme creation, and participate in the project's real-world initiatives to support local dog shelters. He emphasized the importance of fostering positive, community-driven cultures within the meme coin space, drawing parallels between the loyalty of dogs and the dedication required for successful meme-based projects.
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