Ethereum co-founder Vitalik Buterin weighed in on the recent rise in celebrity memecoins and his unhappiness about the experimentation.
Buterin highlighted Ashton Kutcher and Mila Kunis’ 2021 Ethereum-based NFT collection and animated TV series Stoner Cats as an example of celebrity involvement in the crypto industry that was “vastly more honorable” than anything seen this year. “At least there was an actual show being funded,” he said.
Buterin also mentioned having "some kind of fun mechanics” beyond just trading a token and making something designed to last over 10 years as other key attributes. “The north star should be: to have a project where even if eventually all tokens involved go to zero, the average person who participated is happy to have done so,” he added.
“He scammed us! BIG TIME!” Jenner wrote on X. The scam allegedly involved Arora acting as a middleman and launching the token on behalf of Jenner, having Jenner promote it, and then dumping tokens in his possession to withdraw liquidity, sending the price tumbling — a common risk in the memecoin market.
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