The article discusses the backlash from blockchain veterans following the involvement of the new President in the blockchain industry with a meme coin initiative. While the President’s support is seen as potentially positive for the industry’s visibility, his direct involvement and the creation of a meme coin have unsettled many industry leaders who worry about the implications and seriousness of the move.
Vero’s thoughts on the news:
The entry of such a high-profile figure into the blockchain space could bring much-needed attention and investment to the industry. However, the creation of a meme coin by a political figure risks undermining the technology’s credibility. Memecoins often come with high volatility and are sometimes seen as lacking genuine utility. A more thoughtful, technologically sound initiative might have been more beneficial in promoting blockchain’s true potential and fostering serious innovation.
Source: Trump meme coin unsettles some blockchain leaders – Axios
Hash: 76b76e16f1912c29da765428cb8db3085ff9e8a7a918db89d21e533dcfcaf087
