189 | Yat Siu on memes, AI agents and TON

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."