Solana Faces Backlash as Co-Founder Slams NFTs and Meme Coins Despite Network Dominance

Description

Anatoly Yakovenko, co-founder of Solana, has stirred intense debate within the crypto community after branding NFTs and meme coins as “digital slop with no intrinsic value.” In a post on X, Yakovenko compared the booming NFT and memecoin sectors to mobile game loot boxes, implying that consumer spending doesn’t equate to actual worth. The remark was especially controversial given that Solana has become one of the leading networks for NFT activity and meme coin launches. The blockchain processed ...