Is meme just about making quick money? I think there is a misunderstanding here, because nowadays memes are often no longer pure dogs, but asset issuance forms with more connotations and extensions Meme is an asset innovation, a form of fundraising, and a new era of ICO At present, there are two mainstream "memes" on the market, and my own classification is: -Cultural memes, mainly traditional memes and community led pure memes, with PEPE as a typical representative. In this round of Solana memes, CHILLGUY and BNBCHAIN memes are CHILLGUY, BANANA CHEEMS PERRY, and so on -Technical meme, with fair on chain launch as the core and community led fundraising as the main form, requires a certain proportion of chips for project parties and product teams to ensure profit driven and funding for continuous work. Typical representatives include ARC SWARMS GRAFFIN, etc I believe that this industry transformation has its positive significance and is not purely about making quick money. This is a difference between Mr. CZ's understanding of meme and our current understanding Culture: -In terms of cultural memes, communities often have strong cohesion. For example, even after CHEEMS is listed on bn, the community is still very united. For example, BANANA has many outreach activities to spread web3 culture, and PERRY organizes donations for charity, etc The establishment of these communities cannot be summarized by making quick money Technology: -For technical memes, AI agent start-ups and independent developers with products and teams get funding through pumpfund, which eliminates traditional picking methods such as toasting and roadshows, and reduces the valuation foam of AI sky high priced projects It is obvious that after the AI Agent fomo, the valuation of AI altcoins on exchanges has been transferred to new on chain projects. Projects like AI @ SleeplessAI_Lab, which are soft rug projects after being listed, are not worth mentioning compared to these AI Agent projects Specifically, you can take a look at my analysis here: For start-up teams, the current form of meme or on chain knockoff launch can also provide them with funding, quick market feedback, and the ability to quickly verify whether their direction can be recognized by the market. Moreover, it can enable lightweight entrepreneurship to grow bigger and bigger. And precisely because the market itself has higher requirements for team strength, the difficulty of ToC is much higher than that of ToVC, and delivery must be more industrialized. This also makes people understand that some entrepreneurial teams are actually committing fraud. Essentially, they have falsified many fraudulent projects that were previously funded and worked well for several years without doing anything. They are simply forking other people's fraudulent projects (even these fraudulent projects can raise a lot of money, and lucky ones can continue to smash the market with huge liquidity to undertake) In my opinion, many AI Agent projects have caused the catfish effect, forcing some projects in the circle to do things without actual action or accelerating the demise of these foam In the future, we can see more high-quality projects, even AI projects with financing. Due to the high threshold of the IPO fundraising model, they choose to obtain funding through fair launch on the chain. This is the core value brought by web3, a primitive fundraising form, and a positive change