Skale chief marketing officer Andrew Saunders described memecoins as a player-versus-player situation where early investors get the most gains.
As more celebrities dive into memecoins, a former Hollywood executive who now works in the Web3 space described the flaws surrounding celebrity-backed tokens and offered a potential alternative in the form of decentralized applications (DApps).
At the Token2049 event in Singapore, Cointelegraph journalist Ciaran Lyons spoke with Andrew Saunders, the chief marketing and growth officer of the Ethereum Virtual Machine (EVM) blockchain Skale, about celebrities jumping into Web3 through memecoins.
The Skale exec criticized the current state of celebrity memecoins and said he would stay away from them. “I come from Hollywood, and I would never touch a celebrity memecoin,” Saunders told Cointelegraph.
