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07/29 00:54

Solana Co-Founder Calls NFTs and Memecoins ‘Worthl

Solana Co-Founder Calls NFTs and Memecoins ‘Worthless’, Sparks Backlash

Solana co-founder Anatoly Yakovenko has called NFTs and memecoins “digital trash” with no intrinsic value.

These comments have sparked backlash from NFT leaders and the wider crypto community.

Yakovenko has defended his position, emphasizing transparency and a cleaner market structure.

Solana is known for its fast technology and memecoin hype, but its co-founder is unimpressed.

In a controversial post on X, Solana co-founder Anatoly Yakovenko criticized the two biggest drivers of activity on his blockchain — memecoins and NFTs — calling them “digital trash with no intrinsic value.”

He compared them to loot boxes in mobile games, where people spend real money on flashy items that have no practical use.

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