The Meme Economy

The internet + crypto is starting to reveal this with the explosion of interest in meme stocks, meme coins, and NFTs.

Crypto enables the financialization of almost everything, including things you didn’t think could be financialized. This includes a meme, a song, a person’s future net worth, or a community. This amplifies the “investing as entertainment” thesis even further.

Memetic premium is a phenomenon in which people attribute higher monetary value to an idea because they:

1. See other people value an idea as well 

2. Expect more people to value the idea