The chief technology officer of VC firm a16z said that memecoins are like risky casinos that deter real builders from the crypto ecosystem.
The chief technology officer (CTO) of the American venture capital firm Andreessen Horowitz, also known as a16z, has compared the ongoing memecoin frenzy to a “risky casino.”
a16z CTO 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.
