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

Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, wrote that many people compare meme coins to lottery tickets, but meme coins are assets and their market size could be 100 times larger than the gambling industry. Some people see meme coins as a zero-sum game, which is incorrect. The market will continue to create higher highs and higher lows in each cycle, and the total market value of meme coins will increase over the next decade. This represents the emergence of a new asset class.