Vitalik Buterin, co-creator of Ethereum, expressed discontent with the recent surge of celebrity memecoin releases, stating that projects should focus on bringing value to society.
He emphasized that financialization should serve purposes like healthcare, open-source software, and creativity.
Buterin praised projects like Stoner Cats for funding actual content rather than merely enriching individuals. He outlined criteria for respecting celebrity crypto projects, including clear public benefit goals, longevity, and engaging features beyond trading.
Recent launches like Iggy Azalea's MOTHER token and Davido's DAVIDO token have faced criticism and skepticism within the crypto community.
June 2024, Cryptoniteuae