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Cryptocurrency News Articles

From Abandoned Project to Real-World Impact: How Blobless ($BLS) Transformed the Meme Coin Landscape

Mar 10, 2025 at 09:46 pm

In a crypto landscape where meme coins often live and die by hype, Blobless ($BLS) has defied expectations transforming from an abandoned project into a movement with real-world impact.

From Abandoned Project to Real-World Impact: How Blobless ($BLS) Transformed the Meme Coin Landscape

In a crypto landscape often defined by the fleeting nature of meme coins, which live and die by hype, Blobless ($BLS) has managed to transform from an abandoned project into a movement that's making a real-world difference.

Led by Chairman Ryan Merket, a former Reddit executive, and CEO Mutahir Showkat, a Kashmir-based entrepreneur and author, Blobless is showing that meme coins can be more than just speculative assets.

Blobless wasn't supposed to be a major project. Ryan Merket, an entrepreneur with multiple business exits, had been following the memecoin space closely. He saw the same pattern unfolding again and again: projects hyped to the moon, investors pouring in, and then the inevitable collapse, leaving many disappointed and even struggling with mental health problems.

Looking for something different, Merket decided to buy his first and only meme coin— Blobless ($BLS). But almost immediately, the project was abandoned. Instead of walking away, he saw an opportunity.

With experience that includes working at Facebook, leading Ads Products at Reddit, supporting startups at AWS, and mentoring founders at Microsoft, Merket wasn't new to high-stakes challenges. So, rather than letting Blobless fade into oblivion, he took matters into his own hands.

Claiming the coin for himself, he bought a large share of the token's supply and set out to rebuild Blobless as a community-driven initiative. To help him realize his vision, he brought in a partner with deep expertise in crypto and meme culture—someone who knew how to create Web3 communities that endure.

That's when Mutahir Showkat, a Kashmir-based author, investor, and blockchain expert, came on board. Having invested in some of the biggest meme projects in history, Mutahir was the perfect co-founder to help forge Blobless into a meaningful movement rather than just another token.

"To be Blobless is to reject the idea of being a 'blob'—someone who sits at home staring at a screen, doing nothing," says Ryan Merket. "This project is about getting people outside, engaging with their local communities, and making a difference. Whether it's cleaning up trash, volunteering, or making art, we believe crypto should reward impact, not just speculation."

Blobless is no longer just a meme coin; it's an ecosystem that incentivizes positive action.

"Most meme coins focus on hype and short-term gains," adds CEO Mutahir Showkat. "We're building something that lasts—a global movement where blockchain rewards people for making the world better. Blobless is where meme culture meets real-world impact."

Blobless has already attracted support from top industry professionals, including former employees of Microsoft, Google, and Reddit—many of whom see its potential to fundamentally alter how Web3 can drive positive change.

With ambitious plans to develop physical community hubs, a blockchain-powered artist marketplace, and a token-based rewards system, Blobless is demonstrating that a meme coin can be more than a product of the internet's hype—it can be a force for good.

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Other articles published on Mar 11, 2025