As we at Unchained begin streaming on Pump.fun, Laura sits down with James Parillo, GP at Figment Capital, to discuss his provocative thesis on how creator monetization is being reimagined.

James argues that Pump is more than a memecoin platform, it’s laying the groundwork for a new kind of live streaming where audiences aren’t just viewers, but stakeholders. He breaks down:

• The limitations of Twitch and Kick
• How creator coins reshape incentives
• Whether a token collapse is a feature, not a bug

And why speculation may become the primary medium of online culture