Memecoins
Vitalik Buterin Criticizes Celebrity Memecoins — TradingView News
The recent wave of celebrity memecoin releases has left Vitalik Buterin dissatisfied. The Ethereum co-founder believes that the goal of a project should be that, even if the tokens eventually lose value, the average participant should still feel satisfied and happy to have been involved.
In a June 5 post, Buterin argued that financialization is justified only if it serves a purpose that brings value to society, such as improving health care, supporting open source software, and promoting art and culture. creativity.
His statement came in response to a post about the possibility of Iggy Azalea’s Mother Iggy (MOTHER) token becoming the mother of this cycle’s celebrity experimentation if it breaks into sustainable value creation.Cointelegraph
Celebrity tokens are digital assets or cryptocurrencies created and endorsed by celebrities. They leverage celebrity popularity to drive interest and investment, often integrating with the broader cryptocurrency ecosystem.
Buterin’s “worthy” checklist
Buterin explained that Ashton Kutcher and Mila Kunis’ Stoner Cats project was much more respectable than anything seen from the celebrity memecoin trend of 2024. He said: “At least Stoner Cats funded a real show, whereas memecoins lack substance and purpose.”