Iqram Magdon-Ismail, co-founder of Venmo, is working on a new app called JellyJelly, a video chatting platform for podcasters. Ahead of the app's official release, he launched a meme coin for the project which soared to a $250 million market cap. But, he didn’t have a plan for how the app would use the token so it’s since fallen to just $5.5 million.

In this episode, we speak to CEO of Jelly Jelly, Iqram Magdon-Ismail, and investor Sam Lessin about why they decided to launch the token, how they can separate the product from crypto degeneracy, and if they have a plan for the token yet.