Animoca Brands co-founder: Memecoin is expected to launch its own L1 or L2

Yat Siu, co-founder of Animoca Brands, said in an interview that the crypto industry is at a turning point similar to the one he observed when the Internet first changed business in the 1990s. The first part of the mass adoption of cryptocurrencies in 2025 is stablecoin adoption, and the next step is to expand memecoin more broadly to the entire blockchain ecosystem. Yat Siu said: "I expect memecoin to launch its own L1 or L2. They are no longer just tokens, they are building communities and ecosystems. Memecoins are essentially cultural symbols. They are attracting people's attention and building narratives that resonate with people beyond financial speculation."