news 
Solana Co-Founder Claims NFTs, Meme Coins Have ‘No Value’, Sparks Backlash
Anatoly Yakovenko, co-founder of Solana, has sparked a heated debate by claiming that Non-Fungible Tokens (NFTs) and meme coins have “no value”. This controversial statement has earned Yakovenko a strong backlash from the NFT leaders and the broader crypto community.
In a recent post on X, Yakovenko labeled both NFTs and meme coins as “digital slop with no intrinsic value”, drawing parallels between them and loot boxes in mobile games. He emphasized that just because people pay for something doesn’t mean it’s worth anything. This assertion has sparked widespread criticism from the crypto community.
Many users have taken to Twitter to express their discontent with Yakovenko’s remarks, pointing out that NFTs and meme coins are not only bought by enthusiasts but also provide a new way of storytelling and entertainment. Some have argued that while not all NFTs may offer utility, they still hold cultural or emotional value.
In response to the backlash, Yakovenko has doubled down on his stance, shifting the focus to market fairness and transparency. He expressed frustration with those who manipulate market conditions or mislead about the structure of the market, stating that he wants “the shitheads who obfuscate or mislead about market conditions or market structure nuked from orbit”.
It’s worth noting that Yakovenko has been vocal about his desire for a more transparent and fair market. His background as a systems engineer and Solana’s focus on performance suggest that his criticism of NFTs and meme coins may stem from his frustration with manipulation and hype rather than the assets themselves.
The debate sparked by Yakovenko’s comments highlights a broader conversation in the crypto space: what gives an asset value – utility, speculation, or ownership?
Source: coinpedia.org
