Jon Jordan talks to Animoca Brands' chairman Yat Siu about the rise of memecoins, the value of Telegram and TON as a distribution platform, and how AI agents could shake everything up.

• [3:56 ] What's the state of memecoins in 2025?


• [6:28 ] "We are narrative, story-telling people - money, democracy, politics are all stories."


• [8:32 ] "The part that makes me a bit negative about memes is they are being abused by snipers."


• [11:02 ] Is PENGU a pure memecoin? Can a memecoin gain utility?


• [13:18 ] Will institutions buy memecoins? There will be memecoin ETFs. But this need narrative.


• [16:45 ] "Telegram is still the most powerful distribution platform."


• [20:50 ] "TON means that Telegram will survive


• [22:52 ] Ronin demonstrates the power of community as Axie was joined by Pixels.


• [23:22 ] "In web3, they came for the money but stayed for the social."


• [27:01 ] 'AI agents can now create tokens and pay humans to do things for it.'


• [28:31 ] How Yat deals with vampire agent IP attacks such AImonica and an AI Yat agent.


• [29:25 ] AI agents will make it easier for humans to interact with blockchains and wallets.


• [31:54 ] Yat's attitude to the AImonica AI agent project.


• [34:47 ] What's next for Mocaverse and the MOCA token?


• [36:15 ] Reputation systems don't have to just be for humans, but can be for AI agents too.


• [37:22 ] How blockchains and reputation can help student loans.


• [38:07 ] Why Animoca isn't as focused on building and investing games as it once was.


• [38:51 ] "We think NFTs are going to have a pretty big comeback in 2025."