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Home»TRADING NEWS»Memecoin is changing digital marketing
TRADING NEWS

Memecoin is changing digital marketing

By Crypto FlexsApril 14, 20245 Mins Read
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Memecoin is changing digital marketing
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Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial.

Over the past decade, video has emerged as the Internet’s dominant medium as social networks and publishers prioritize mass reach and viewership. Today, 93% of marketers include video in their content strategy. Peak Video has transformed advertising. It has also reoriented our web experiences toward passive consumption, a world we only watch.

Video is a profound and powerful medium for storytelling. It is undeniable that movies and visual content will continue to play a critical role in reaching and engaging digital audiences. But increasingly, participatory media formats will capture heart-sharing in social spaces. The proliferation of memecoins exposes a new code for digital content creation – code that will have major implications for traditional marketers.

Over the past year, the popularity of memecoins has exploded. Unlike traditional digital currencies, memecoins tend to function primarily as social experiments with limited utility. It is based on internet culture. They unite people around a common idea (no matter how stupid, niche, or stupid) it is. And their continued niche traction provides marketers with new insights.

Recently, Variant Fund co-founder Li Jin said: explanation An example of cold media revival is the memecoin explosion. To thrive, communities must actively interpret and create content, and they must do so brute force. Dogecoin He alone has close to 4 million followers. It sounds like a joke. However, memecoin projects like Dogecoin use decentralized marketing infrastructure to drive word of mouth and mass engagement, give fans an active role in brand building, create community economies, and incentivize user-generated content through tokens and airdrops. . See how memecoin is changing digital marketing.

Organic marketing is a powerful vehicle for reach and conversion. According to a report by eMarketer (formerly Insider Intelligence), 79% of consumers say user-generated content has a significant influence on their purchasing decisions. But while billions of people use social media every month, fewer and fewer people are actually posting. Creating buzz for your brand may require more than compelling content. Memecoin uses tokens to incentivize the community to post.

Projects like Tip Coin allow users to earn points by posting on X. If you post a reply, quote or tweet mentioning $TIP or #TIP, you will be awarded points equal to your token allocation percentage. In effect, fans are paid to organize and advocate for their communities. This approach allows your project to quickly trend on the platform as individuals spread the word about your new product. Organic content creation plays a critical role in increasing awareness and trust. Points and token incentive systems can provide marketers with new avenues for user-generated content and community engagement.

Memecoin is a participatory media format. As users co-create knowledge, they also create influence. Social media mentions of the project don’t just represent awareness. They become predictors of value. As a result, fans are motivated to play a role in shaping Memecoin’s brand and marketing strategy.

In 2019, the Dogwifhat meme became popular among esports celebrities on Twitter (X). In 2023, this meme inspired a new token, $WIF, a “literal dog in a hat.” $WIF’s community of holders oversees the project through real-time content creation. They also drive project advertising. In recent weeks, the community has raised more than $690,000 to brand the Las Vegas Sphere with memecoins, a media buy that has launched its own news cycle.

For many brands today, content and media strategies are centralized. Marketers can gain new efficiencies by allowing fans to make these decisions. Real-time community content creation enables rapid messaging iteration and insight generation. Community-run media buying can help you gain influence. This means you can reach your audience in places that matter to them.

The rise of games has changed the standards for content consumption. As Gen Z now spends more time playing video games than watching TV, audiences expect a variety of experiences from digital storytelling. The game story world unfolds in real time through multimedia. This goes beyond simple scripts and finite frames.

Memecoin functions as an open story world that changes through user participation. Its value and meaning can change dramatically over time. Memecoin relies on visual cues from games to give the community the opportunity to shape the success of the project across the long-term roadmap and real-time markets. The projects are endless and always updated, so there’s a reason to come back. For marketers, this type of game-centric story design can help retain audiences by treating them as players rather than passive viewers.

While memecoins have exploded in popularity, their appeal is niche and outrageous. It’s tempting to dismiss them as artifacts of this stupid, specific moment in Internet culture. But their emergence challenges us to think differently about digital experiences. It’s about imagining storytelling as an inherently participatory medium. In addition to traditional media, formats that will become increasingly important to marketers and fans are those that encode and encourage interaction.

straight shredder

straight shredder I am the Chief Creative Officer of Candy Digital. Next-generation brand engagement platform, She is responsible for partnering with artists, institutions, and IP to develop and create groundbreaking NFT experiences. Straith, who previously worked at Candy, served as creative director at Palm NFT Studio. A technology company that partners with leading artists, creators, IP owners, and entertainment companies to redefine fan engagement using NFTs. Straith previously served as Executive Creative Director at VICE Media Group and Vice President of Creative Initiatives at BitTorrent, Inc., where he worked with brands including Mozilla, Amazon Studios, and Nike.

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