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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

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    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

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    Crypto Casinos Made Over $80 Billion in 2024

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Experience to Earn: Everdome’s Metaverse Frontier

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

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    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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Ethereum’s Buterin calls for ‘more good memecoins than bad ones’ as…

March 30, 2024
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  • Vitalik Buterin worried about current meme mania with “no value.”
  • However, he believes charities and on-chain games can benefit from the trend. 

Once again, Vitalik Buterin’s love-hate relationship with memecoins became apparent in a recent proposal. 

The founder of Ethereum [ETH] has always made his stand against memecoins. Penning his misgivings on the booming sector in the current bull cycle, he highlighted; 

“This time, they are heating up again, but in a way that is making many people feel uneasy because there isn’t anything particularly new and interesting about the memecoins.”

Buterin singled out the crazy meme scene in Solana [SOL], adding that; 

“Apparently a bunch of Solana memecoins have recently been openly super-racist. And even the non-racist memecoins often seem to just go up and down in price and contribute nothing of value in their wake.”

The founder emphasized that he has “zero enthusiasm for coins named after totalitarian political movements, scams, rug pulls..”

But Buterin also believes memecoins can be used for great purposes that drive value to every user. 

Memecoins for charity and on-chain games

He stressed that projects can drive fun and value at the same time. He proposed that memecoins can be helpful in charity or on-chain games.  

Buterin has gifted millions of memecoins to charities and non-profit organizations in the past. For instance, he was recently shocked after his gift of Shiba Inu [SHIB] to an AI regulation advocacy group pumped and outperformed his expectations. 

See also  Cardano TOPS this altcoin chart - Good news for ADA holders?

Beyond charity, Buterin proposed using memecoins in on-chain games, especially to elevate low-income users, citing the Axie Infinity [AXS] case in Southeast Asia. 

He summed up the proposal, stressing that, 

“At the least, more good memecoins than bad ones, ideally those that support public goods instead of just enriching insiders and creators. But also, ideally, making games rather than coins and making projects that people enjoy participating in.”

Conversely, Solana’s founder views meme mania as a network stress test for future growth. 

However, other chains like Avalanche [AVAX] and Arbitrum [ARB] opted to explore memecoins to attract growth and usage in their ecosystems. So, it seems memes are here to stay, whether for fun, user growth, or chain growth. 

Previous: Crypto Rockets: Predicting the next moonshots in April
Next: Top 5 cryptocurrencies set to skyrocket this quarter
Tags: as..BadButerincallsEthereumsgoodMemecoins

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