Andrew Kang: Memecoins are not a zero-sum game, but a new asset class

BlockBeats news, on March 18, Andrew Kang, co-founder and partner of crypto venture capital company Mechanism Capital, wrote that many people compare meme coins to lottery tickets, but “meme coins are assets, and the market size may be larger than the gambling industry. It’s 100 times bigger.” Others view memecoins as a zero-sum game, which is incorrect. “The market will continue to create higher highs and higher lows in each cycle. Over the next ten years, the total memecoin market capitalization will be It will increase. This is the emergence of a new asset class.”