Anatoly Yakovenko, co-founder of the cryptocurrency platform Solana, made a sharp statement regarding memecoins and NFTs, calling them 'digital trash.'
Anatoly Yakovenko's Opinion
In a post on social media platform X, Yakovenko expressed his view by stating that memecoins and NFTs lack intrinsic value.
Comparison to Mobile Games
He compared memecoins and NFTs to loot boxes in free-to-play mobile games: 'It's like a mobile game loot box. People spend $150 billion a year on mobile games.'
Impact on Solana
Despite his negative outlook, Yakovenko acknowledged that memecoins have significantly contributed to Solana's growth. According to Syndica, memecoins reached an all-time high in June, accounting for 62% of the Solana network's decentralized application revenue.
Anatoly Yakovenko's statement highlights the contentious views on the value of memecoins and NFTs, despite their popularity and market influence.
