- Meme cash and loot bins
- “A disappointing take”
Meme cryptocurrencies have been Solana’s bread and butter, however co-founder Anatoly Yakovenko doesn’t appear to be a fan.
In a current social media publish, Yakovenko has slammed memecoins and non-fungible tokens (NFTs) as “digital slop” that lacks any semblance of intrinsic worth.
Meme cash and loot bins
Yakovenko has in contrast them to loot bins in cell video games that gamers earn throughout gameplay or purchase with actual cash. He added that individuals splurge a complete of $150 billion per yr on cell gaming.
Whereas responding to criticism, Yakovenko famous that Apple would be capable of obtain solely negligible income from iOS with out loot bins.
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“Simply because an individual is prepared to pay X for one thing doesn’t give that factor any elementary worth. It simply provides it a worth,” he stated.
“A disappointing take”
The frank admission comes even if Solana derives most of its exercise from meme cash and NFTs. Therefore, it rubbed some members of the group the fallacious manner.
“Beanie” (@beaniemaxi), a outstanding crypto influencer concerned in initiatives akin to Pixel Vault and Wolf Sport, claims that Yakovenko will not be fallacious per se, however Solana would see as little exercise as Tezos, a long-forgotten “Ethereum killer,” with out the aforementioned “digital slop.”
In the meantime, Solana (SOL) is at present valued at a whopping $104 billion, which makes it the sixth-largest cryptocurrency.
Adam Hollander, CMO at NFT market OpenSea, additionally criticized Yakovenko. “Disappointing take. And simply flat out fallacious. The idea of provable clear digital possession is not going wherever,” he commented.
Another customers have additionally recalled that they acquired into Solana due to NFTs within the first place.