Ethereum co-founder Vitalik Buterin has expressed strong disapproval of the recent trend of celebrities experimenting with crypto by creating memecoins. In a June 5 social media post, Buterin pointed out that most celebrity-backed memecoins lack practical utility or a specific use case backing their creation. He added that financialization — or the process of turning something […]
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Vitalik Buterin criticizes celebrity memecoins for lack of real-world value