Vitalik Buterin Slams Celebrity Meme Coin Financialization

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Ethereum cofounder speaks out against 'celebrity experimentation' with meme coins

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Buterin made reference to Ashton Kutcher and Mila Kunis's Stoner Cats Cartoon project as more honorable than anything the crypto industry has produced thus far this year. "Financialization as a means toward an end", I can respect if the end is worthy . Financialization *as the final product*, 🤮Despite their no-value creation, many celebrity meme coins have recorded massive valuations in the days and weeks after their launch.

 

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Vitalik Buterin slams celebrity memecoinsVitalik Buterin, Ethereum's founder, criticizes celebrity memecoins for lacking purpose and substance. He prefers projects with public benefit goals, longevity, and engaging features.
Source: Cointelegraph - 🏆 562. / 51 Read more »