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Solana co-founder Anatoly Yakovenko denounced meme cash and non-fungible tokens (NFTs) as “digital slop.”
“Memecoins and NFTs are digital slop and don’t have any intrinsic worth,” Yakovenko wrote on X, likening them to loot bins in free-to-play cell video games. ”I’ve stated this for years.”
The feedback triggered uproar within the crypto neighborhood, with critics highlighting Solana’s reliance on meme coin and NFT exercise to drive site visitors, charges, and person engagement.
Crypto Leaders Debate Intrinsic Worth Of Meme Cash And NFTs
His publish got here throughout a heated debate with Jesse Pollak, creator of the Base layer-2 community, in regards to the belongings’ precise price.
Yakovenko argued that meme cash and NFTs solely achieve worth by hypothesis, whereas Pollak pushed again, saying their inventive content material holds worth by itself, identical to artwork in a museum.
“The content material itself is effective. identical to a portray is essentially helpful, no matter whether or not you cost individuals on the museum to see it,” he stated.
Yakavenko did, nevertheless, acknowledge that with out meme cash and NFTs, the SOL ecosystem wouldn’t be the place it’s as we speak.
the content material itself is effective. adverts are a strategy to monetize that worth. however the content material itself is effective. identical to a portray is essentially helpful, no matter whether or not you cost individuals on the museum to see it.
— jesse.base.eth (@jessepollak) July 27, 2025
Yakovenko Criticized For Meme Coin Stance
With Pump.enjoyable, one of many main meme coin launchpads, on the Solana blockchain, Yakovenko’s feedback about meme cash’ and NFTs’ drew a lot criticism.
“Mock your customers AND publish a horrible take,” stated one person on X in response.
“I’m not an enormous fan of how Vitalik dealt with memecoins (nuking them in 1 clip anytime somebody despatched them to his pockets) however I discover Toly’s method far more distasteful, actively selling them always whereas believing they’re nugatory,” wrote one other person.
Yakovenko’s newest reiteration of his meme coin stance comes after Burwick Regulation, on behalf of numerous plaintiffs, filed a lawsuit towards Pump.enjoyable, Yakavenko and different Solana ecosystem companions for allegedly operating an unlicensed meme coin on line casino.
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