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Solana co-founder Anatoly Yakovenko denounced meme cash and non-fungible tokens (NFTs) as “digital slop.”
“Memecoins and NFTs are digital slop and haven’t any intrinsic worth,” Yakovenko wrote on X, likening them to loot bins in free-to-play cell video games. ”I’ve mentioned this for years.”
The feedback triggered uproar within the crypto group, with critics highlighting Solana’s reliance on meme coin and NFT exercise to drive site visitors, charges, and consumer engagement.
Crypto Leaders Debate Intrinsic Worth Of Meme Cash And NFTs
His publish got here throughout a heated debate with Jesse Pollak, creator of the Base layer-2 community, concerning the belongings’ precise value.
Yakovenko argued that meme cash and NFTs solely achieve worth by hypothesis, whereas Pollak pushed again, saying their artistic content material holds worth by itself, similar to artwork in a museum.
“The content material itself is efficacious. similar to a portray is essentially beneficial, no matter whether or not you cost individuals on the museum to see it,” he mentioned.
Yakavenko did, nevertheless, acknowledge that with out meme cash and NFTs, the SOL ecosystem wouldn’t be the place it’s right this moment.
the content material itself is efficacious. adverts are a technique to monetize that worth. however the content material itself is efficacious. similar to a portray is essentially beneficial, no matter whether or not you cost individuals on the museum to see it.
— jesse.base.eth (@jessepollak) July 27, 2025
Yakovenko Criticized For Meme Coin Stance
With Pump.enjoyable, one of many main meme coin launchpads, on the Solana blockchain, Yakovenko’s feedback about meme cash’ and NFTs’ drew a lot criticism.
“Mock your customers AND publish a horrible take,” mentioned one consumer on X in response.
“I’m not an enormous fan of how Vitalik dealt with memecoins (nuking them in 1 clip anytime somebody despatched them to his pockets) however I discover Toly’s strategy rather more distasteful, actively selling them continuously whereas believing they’re nugatory,” wrote one other consumer.
Yakovenko’s newest reiteration of his meme coin stance comes after Burwick Legislation, on behalf of quite a few plaintiffs, filed a lawsuit towards Pump.enjoyable, Yakavenko and different Solana ecosystem companions for allegedly operating an unlicensed meme coin on line casino.
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