Andre Cronje returns… to throw the same wedges
The founder of Fantom, Andre Cronje, is studying the possibility of integrating meme coins into the network of this blockchain.
Fantom's entry into this space reflects the growing trend of Layer 1 networks adopting these assets.
The meme coin industry has nearly tripled this year, reaching a market capitalization of more than $56 billion.“This quarter, demand for meme coins reached its highest level since 2021. Despite interest rates remaining high and the lack of stimulus checks being sent out, the appetite for crypto assets that appears useless was very strong. It’s unclear whether this is due to the overheating economy, or perhaps just growing “financial nihilism,” but meme coins have become the main topic in crypto in recent months,” remarked Lucas Outumuro , the head of research at IntoTheBlock.Despite the popularity of these crypto assets, several concerns persist, particularly regarding their security and their lack of practical application.
These concerns have also prompted the co-founder of Ethereum, Vitalik Buterin , to discuss the potential societal benefits of meme coins. Mr. Buterin indeed emphasized that these assets could be designed to uplift and unite communities and serve as instruments for social good and entertainment.
