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Web3 | Build
Blockchain Based App Concepts
Inspiration often strikes in the most unexpected places.
For me (and this piece) it emerged from the memetic energy in the $degen channel on Farcaster, a high-signal web3 social space.
Further encouragement has been derived from Onchain: a Farcaster experiment in long-form content, curated by Phil (Bright Moments).
Connect with me to share your thoughts on the concepts below e.g. in the comments below, on Twitter (@papajimjams), Farcaster (@papa), Lens (papajams.lens), and/or via email papaandthejimjams(at)gmail(dot)com.
Final piece published & collectible on paragraph.xyz, subscribe.
1. Convenience
Memecoin ETFs / Index Funds ($BUNDLE)
The proliferation of memecoins across various blockchains has made it difficult for collectors to efficiently gain broad exposure.
Problem: Holding an array of memecoin projects across chains like Ethereum, Binance Smart Chain, Polygon, Solana, Algorand, Tezos etc. requires managing many wallets, keys, and assets.
Solution: A memecoin index fund or ETF issued on a single chain like could provide convenient exposure to a basket of popular memecoins across multiple chains through a single asset.
Users could select from $bundles (baskets) of meme projects saving collectors substantial hassle. Additionally, exposure could be given to whole new categories like “farcaster memecoins” or “DAO memecoins” for thematic exposure.
