In the ever-evolving world of cryptocurrency, where hype often outpaces substance, a recent thread from @mrink0 on X has sparked intriguing discussions about the future of crypto assets. TOTAL3, commonly viewed as an index tracking speculation in the market, tends to surge during bull runs when capital floods into alternative coins—alts—and optimism runs high.

But here's the catch: most of the coins comprising TOTAL3 are essentially memecoins. These are tokens driven by viral trends and community fervor rather than real utility or value accrual. Some, like Fartcoin, wear their meme status proudly, while others masquerade as serious projects but are no different from politically themed ones like Boden. The thread argues for a shift toward a new index that focuses on legitimate crypto businesses—tokens that genuinely build value and safeguard holders from rug pulls or sudden collapses.

Enter MetaDAO ownership coins. These are positioned as the gold standard for crypto assets moving forward. The idea is straightforward: in the future, if a token isn't an ownership coin, it's just another memecoin. No middle ground. Ownership coins represent stakes in decentralized autonomous organizations (DAOs) that use futarchy—a governance model blending prediction markets with decision-making—to align incentives and drive real progress.

The accompanying chart illustrates the rapid growth in the fully diluted value (FDV) of MetaDAO launches, climbing steadily from near zero in early November to over 100 million. This visual underscores the momentum building around these innovative structures.

Why does this matter? To outpace traditional finance (TradFi), crypto needs superior assets. We already have heavyweights like Bitcoin for digital gold, Solana for high-speed transactions, and Hyperliquid for decentralized perpetuals. But the ecosystem requires more. Ownership coins, powered by MetaDAO principles, could be the key to creating tokens that not only speculate but also deliver tangible benefits through governance and value sharing.

The thread wraps up with a nod to "futardio," a playful term blending futarchy and perhaps a radio-like dissemination of ideas, hinting at the viral potential of these concepts. Replies in the thread echo this sentiment, with users discussing cash flow mechanisms, the need for real yield via buybacks or distributions, and even barbell strategies combining privacy coins like ZEC with MetaDAO setups.

For blockchain practitioners, this signals a maturation in the space. Moving beyond pure memes, ownership coins encourage building sustainable projects. If you're diving into meme tokens or alts, consider how MetaDAO models might offer a more robust alternative, blending speculation with genuine ownership and decision-making power.

As the crypto landscape shifts, keeping an eye on MetaDAO developments could be crucial for staying ahead. Whether you're a degen trader or a long-term builder, understanding these ownership coins might just redefine your portfolio strategy.