{"id":22077,"date":"2024-06-05T20:30:11","date_gmt":"2024-06-05T17:30:11","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22077"},"modified":"2024-06-05T18:32:18","modified_gmt":"2024-06-05T15:32:18","slug":"vitalik-buterin-criticizes-celebrity-memecoin-craze","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/","title":{"rendered":"Vitalik Buterin Criticizes Celebrity Memecoin Craze"},"content":{"rendered":"

One of Ethereum<\/a> developers, Vitalik Buterin, is unhappy with the current explosion of celebrity memecoin<\/strong> releases. According to him, the aim of a project should be that, even if the tokens finally lose value, the typical participant should still feel glad to have taken part.<\/p>\n

According to Buterin in a June 5 X post<\/a>, financialization is only justified if it advances open-source software, enhances healthcare, supports art and creativity, and so benefits society.<\/p>\n

This comment responded to a post on the likelihood that, should this cycle’s celebrity experimentation break into sustainable value creation, Iggy Azalea’s MOTHER token could become the mother of anything.<\/p>\n

Celebrity memecoins<\/strong> are digital assets\u2014or cryptocurrencies developed and supported by celebrities. Often interacting with the larger bitcoin ecosystem, they use the popularity of the celebrity to generate interest and investment.<\/p>\n

Buterin clarified that the Stoner Cats project by Ashton Kutcher and Mila Kunis was far more respectable than anything seen from the 2024 celebrity memecoin<\/strong> craze. “At least Stoner cats funded an actual show, whereas the memecoins<\/strong> lack substance and goal,”<\/em> he remarked.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of Ethereum developers, Vitalik Buterin, is unhappy with the current explosion of celebrity memecoin releases. According to him, the aim of a project should be that, even if the tokens finally lose value, the typical participant should still feel glad to have taken part. According to Buterin in a June 5 X post, financialization<\/p>\n","protected":false},"author":6,"featured_media":22078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6670,1332,1724],"class_list":["post-22077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celebrity-memecoin","tag-memecoin","tag-vitalik-buterin"],"yoast_head":"\nVitalik Buterin Criticizes Celebrity Memecoin Craze - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Buterin criticizes the 2024 celebrity memecoin trend, emphasizing the need for crypto projects to offer real societal value and substance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin Criticizes Celebrity Memecoin Craze - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Buterin criticizes the 2024 celebrity memecoin trend, emphasizing the need for crypto projects to offer real societal value and substance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-05T17:30:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-05T15:32:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1007\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/\",\"name\":\"Vitalik Buterin Criticizes Celebrity Memecoin Craze - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp\",\"datePublished\":\"2024-06-05T17:30:11+00:00\",\"dateModified\":\"2024-06-05T15:32:18+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Buterin criticizes the 2024 celebrity memecoin trend, emphasizing the need for crypto projects to offer real societal value and substance.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp\",\"width\":1792,\"height\":1007,\"caption\":\"celebrity memecoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vitalik Buterin Criticizes Celebrity Memecoin Craze\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vitalik Buterin Criticizes Celebrity Memecoin Craze - Coin Engineer","description":"Buterin criticizes the 2024 celebrity memecoin trend, emphasizing the need for crypto projects to offer real societal value and substance.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/","og_locale":"en_US","og_type":"article","og_title":"Vitalik Buterin Criticizes Celebrity Memecoin Craze - Coin Engineer","og_description":"Buterin criticizes the 2024 celebrity memecoin trend, emphasizing the need for crypto projects to offer real societal value and substance.","og_url":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/","og_site_name":"Coin Engineer","article_published_time":"2024-06-05T17:30:11+00:00","article_modified_time":"2024-06-05T15:32:18+00:00","og_image":[{"width":1792,"height":1007,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp","type":"image\/webp"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/","url":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/","name":"Vitalik Buterin Criticizes Celebrity Memecoin Craze - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp","datePublished":"2024-06-05T17:30:11+00:00","dateModified":"2024-06-05T15:32:18+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Buterin criticizes the 2024 celebrity memecoin trend, emphasizing the need for crypto projects to offer real societal value and substance.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/NL_celeb_memecoin.webp","width":1792,"height":1007,"caption":"celebrity memecoin"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Vitalik Buterin Criticizes Celebrity Memecoin Craze"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/22077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=22077"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/22077\/revisions"}],"predecessor-version":[{"id":22079,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/22077\/revisions\/22079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/22078"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=22077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=22077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=22077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}