Shiba Inu’s lead developer reacts to the Ethereum founder’s presentation of essential features that a celebrity meme coin must possess in order to earn his respect.
The world of meme coins witnessed a significant exchange between Vitalik Buterin, the founder of Ethereum, and Shytoshi Kusama, the lead developer of Shiba Inu. This interaction took place on X, initiated by Chris Buniske, a partner at the crypto hedge fund Placeholder.
Buniske highlighted the potential of a MOTHER meme coin linked to Iggy Azalea, suggesting that it could set a new standard for creating sustainable value in the realm of celebrity-backed cryptocurrencies. This observation comes amidst a surge of celebrity memecoins, with personalities like Caitlyn Jenner and Nigerian music artist Davido jumping on the bandwagon.
However, Buterin expressed his discontent with the current state of celebrity meme coins, stating that financialization should serve a noble purpose like healthcare or open-source software, rather than being the sole objective. He praised the “Stoner Cats” project by Ashton Kutcher and Mila Kunis for its tangible output—a funded cartoon show.
To steer celebrity crypto projects in a more positive direction, Buterin outlined key features that he believes are crucial. He emphasized that projects should aim to benefit the public good beyond enriching celebrities and early adopters, support engaging mechanics beyond token trading, and have a long-term vision lasting at least a decade.
Kusama from Shiba Inu responded positively to Buterin’s critique, revealing that they are already working on a project aligned with his vision. The Shiba Inu ecosystem team, under Kusama’s leadership, is transitioning SHIB from a meme coin project to a decentralized ecosystem, introducing various tokens and projects like ShibaSwap, Shibarium, Shiboshis, and the Shiba Inu metaverse.
In conclusion, while this article provides informative content, it is essential for readers to conduct thorough research before making any investment decisions, as opinions expressed here are personal and do not necessarily reflect The Crypto Basic’s views.