Author: BUBBLE
A week after Trump issued a coin, the on-chain is still crazy. Today, another tech giant has issued a coin on-chain. First, the late legendary "Crypto Punk" and "Father of Cybersecurity" John Mcfee has been resurrected in the cyber world, and his widow Janice used Mcfee's X account to release $Ainti, claiming to have resurrected Mcfee's will using AI. Another living legend, one of the founders of the short video pioneer Vine, Rus yusupov, has released the $Vine Memecoin named after Vine. This should be the first well-known tech company founder to issue a coin in person after the Trump coin craze. As of the time of writing, the highest market value has reached $400 million.
What is Vine
Vine was one of the first platforms to popularize short video content. Its core feature was 6-second looping videos, forcing creators to tell a complete story or convey an idea in an extremely short time. American users began to get used to watching fast-consuming short video content, and this "short, flat and fast" model laid the foundation for later short video platforms like TikTok, Instagram Reels and Snapchat.
Vine videos became part of popular culture, with many classic short videos being repeatedly quoted or imitated, even entering the mainstream entertainment field. Such as Logan Paul and Jake Paul from Vine red people to become YouTube stars. King Bach became famous for making humorous short videos on Vine, and later became a well-known actor and producer. As well as Liza Koshy and Shawn Mendes from Vine's niche red people to mainstream artists, although Vine was acquired by Twitter in 2012 and forced to close in 2016, for American users, Vine is not only a short video platform, but also the starting point of the current individual content creation and rapid consumption culture dissemination.
How did Vine become a $250 million Token
At 8:17 this morning, the $Vine created by Pumpfun was no different from the previous on-chain meme at first, until the Token rose to a market value of $30 million, and the long-dormant Vine founder Rus's X account claimed the CA and posted a GIF holding the tweet to prove it. At the same time, multiple addresses from CoinBase's internal purchase source collectively dumped, and the market was also full of FUD comments that the GIF was produced by AI, because during the same period, the Memecoin $STONKS hacked on Nasdaq plummeted, causing the panic sentiment to cause the $Vine price to plummet 90% to only $3 million in market value.
An hour later, as if to echo the style of Vine's short videos, Rus released a 3-second video to prove he was not AI, and at the same time, multiple addresses ending in "waamGQ", "MGVWa", "qedvzf" and others distributed funds and occupied the top 30 holders, most of which are still holding. Later, Rus posted a tweet with a Bullx board and the Vine LOGO, drawing an upward arrow, and after this on-chain Degen-style tweet, the Token price soared to around $50 million in market value.
And two hours later, he announced that the DEV wallet's Tokens would be locked until 4:20 pm on April 20th, and forwarded several comments from top-tier Alpha Groups in Europe and the US on $Vine. Under the control and manipulation of the professional team, coupled with the market's expectation of Musk discussing Vine again and the double buff of Vine's 12th anniversary, the market value soared rapidly, and after consolidating at the high level, it broke through $400 million in market value. Although the market is full of discussions that Rus is closely following Musk's heat to launch the Token, and there is no announcement that benefits the development of Vine, this is the essence of a Memecoin. When it changes from a cultural core to an application core, it becomes a coin from a Memecoin, so this article will not discuss the pros and cons.
How can the relics of the Web1.0 and Web2.0 era be revived in Web3.0
Based on the heat generated by Vine, it will definitely trigger a series of internet companies that have exited the historical stage to regain attention through Crypto, whether they really want to be reborn or just use attention finance to make some profits, it is an opportunity for retail investors.
The President or First Lady may only have this one chance in the past four years, but tech companies have countless opportunities. Taking Rus's release of $Vine as an example, these companies will be more likely to participate in this game if they contain a few of the following elements.
1. The company was a pioneer in a certain field or is still well-known in a certain region, even now.
2. The company cannot be currently operating well, to avoid greater losses caused by subsequent legal troubles.
3. The company is related to Crypto, whether the founders are interested or have made investments, or the subsequent acquisition team.
The author has summarized several projects that meet the above conditions:
Napster
Established by Shawn Fanning and Sean Parker in 1999, before that, the relationship between record companies and artists was close, controlling distribution and promotion, and users could only access new songs through record stores, record stores, TV/radio and other channels, and the profit margin of physical records was relatively high, especially in the 1990s, when CD sales reached a peak. But Napster used peer-to-peer (P2P) technology to allow users to directly share their MP3 files, forming a global music download network. It accumulated tens of millions of users in a short period of time. Its decentralized server model made it impossible for record companies to cut off the source, profoundly impacting the traditional record industry, but it was also ordered by the court to shut down in 2001 due to copyright lawsuits. However, it has influenced the model of the entire music industry, as well as the subsequent consideration of legal digital music copyrights by iTunes and Spotify.
After multiple acquisitions and transformations, the Napster brand was acquired by Hivemind Capital Partners and Algorand in 2022, and plans to launch the "Napster Web3 Music Platform", and has announced the issuance of the Napster Token "but has not yet launched any Tokens".
Napster Twitter: @Napster
Shawn Fanning Twitter: @ShawnFanning
Sean Parker Twitter: @sparker
Hivemind: @HivemindCap
AIgorand: @AlgoFoundation
Myspace
Founded by Tom Anderson and Chris DeWolfe, and later sold to Specific Media, with Justin Timberlake also participating in the investment. Before the emergence of MySpace, internet social forms were scattered, with most interactions taking place in forums, instant messaging, and personal blogs. But MySpace allowed users to massively display personalized homepages, interact with friend networks, and access a huge number of music artists. If Napster was to let users hear songs, then MySpace was to help artists better promote themselves and get closer to their fans, which also laid the foundation for the later social media forms (Facebook, Instagram, Twitter, etc.).
The project currently has basically no relationship with Crypto, but the author believes that the founder Tom Anderson's tweet "Buying The Dip" with a laser eye 3 years ago makes him seem quite Meme.
Tom Anderson : @myspacetom
Chris Dewolfe : @Chris_DeWolfe
Mark Cuban
Mark Cuban, the owner of the Mavericks and a well-known investor in Silicon Valley, expressed his willingness to launch a Memecoin on X in response to $Trump, with a basically similar mechanism, the only difference being that all the profits would go to fill the US Treasury. The market is very excited about this approach, and players hope it will be more transparent than $Trump, which may end up in individuals' pockets. Although the behavior of every businessman is most likely to consider risks and returns, the narrative of the Memecoin is indeed worth looking forward to.
Mark Cuban: @mcuban
Netscape
Founded by Marc Andreessen and co-founder Jim Clark in 1994. The famous Netscape Navigator browser ushered in the era of commercial browsers. Currently, there are no Twitter accounts for Jim or NetScape.
Limeware
Like Naspter, it went online in 2000, and was also a P2P file sharing software, commonly used to download music, videos and other content. Due to copyright and infringement disputes, it was forced to shut down around 2010. In 2022, Austrian entrepreneurs Paul & Julian Zehetmayr and others bought the LimeWire brand, announcing a transformation into an Non-Fungible Token (NFT) trading platform. Although the platform already has a token, the founders may not rule out the release of a Memecoin.
Paul Zehetmayr: @pzehetmayr
Julian Zehetmayr: @julianzehetmayr
Yahoo!
In 1994, Jerry Yang and David Filo founded Yahoo!, which had global leadership in portal search, email, instant messaging and other areas, and was once the internet traffic hegemon. In the early stages of the Chinese internet, Yahoo! was widely known. After leaving Yahoo!, Jerry Yang founded AME Cloud Ventures to invest in technology and startup projects, including some in the crypto field.
Jerry Yang, David Filo: No X
AME Cloud Ventures official website "amecloudventures.com"
AME Managing Director Jeff Chung @jefchung
In addition to the projects mentioned above, there may be many other excellent products from that era that will participate in this movement, whether to bring back the memories of the 00s or just a new round of on-chain meme coin gameplay. The impact caused by the Trump Coin is gradually spreading, and at a time when influencers are issuing coins without scruples, we hope that everyone will remain calm while following the Alpha, and stay away from SCAM.
