Brian Armstrong Predicts Memecoins Will Shape the Future of Digital Culture – BitRss

In a recent interview with CNBC, Coinbase CEO Brian Armstrong interpreted memecoins as an early signal in the tokenization of culture. Armstrong expressed his belief that these digital assets would expand into various fields such as identity, voting, and the arts in the future.

Expectations for Tokenization

Armstrong pointed out that memecoins are not merely playful cryptocurrencies but herald a structure that will allow artists to receive payment for their works. He shared his view that this situation would lead to the transfer of every asset class and digital content to a blockchain environment.

“Memecoins mark the beginning of a mechanism that ensures artists receive the payment they deserve for their works. Anyone should be able to monetize their creations. This domain will be increasingly tokenized and transferred to the network.”

Although similar sentiments were expressed theoretically for NFTs in 2021, it cannot be said that anyone pays much attention to them today.

Market Regulation and Concerns

The CEO noted that the digital asset sector is still in its early stages and currently faces some regulatory gaps. Armstrong emphasized that illegal activit…