Risks and Skepticism Surrounding Celebrity-Driven Cryptocurrencies
Matt Wright, CEO of GaiaNet, criticized the celebrity token trend, saying it is just marketing and does not add real value to blockchain technology. He warns that these tokens are not sustainable unless they bring significant utility and innovation. Andreas Brekken,
SideShift.ai’s CEO was also strongly critical, saying the tokens are just pump-and-dump schemes and predicting they will lose all value within days or months.
Read more: Vitalik Buterin criticizes celebrity memecoins
