Memecoins are like a ‘risky casino’ — Andreessen Horowitz exec
The chief technology officer of VC firm Andreessen Horowitz said that memecoins are like risky casinos that deter real builders from the crypto ecosystem.
The chief technology officer of the United States-based venture capital firm Andreessen Horowitz (a16z) has compared the ongoing memecoin frenzy to a “risky casino.”
A16z’s Eddy Lazzarin said in an X post that memecoins hamper the long-term vision of crypto that has kept so many of the original builders in the space.
He added that these memecoins aren’t technically exciting or attractive to builders and alter how the public, regulators and entrepreneurs see crypto:
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