🚀🚀Should Celebrities Choose DApps Over Meme Coins? 🚀🚀

Speaking to Cointelegraph at the Token2049 event in Singapore, Andrew Saunders, Skale Labs’ Director of Marketing and Growth, expressed his concerns about celebrity-backed meme coins. Saunders emphasized that decentralized applications (DApps) offer a more sustainable option for celebrities to interact with their fans. Saunders, who has a Hollywood background, expressed serious concerns about celebrity meme coin launches. He stated that such projects create an environment where power is concentrated in the hands of a small number of people and new investors are exposed to manipulation.

Saunders, who described meme coins as a “player versus player” (PvP) game, emphasized that early participants profit at the expense of others. He noted that the longer investors hold such coins, the greater their risk. He also predicted that celebrities' interest in cryptocurrencies would increase as regulations become clearer. He said that the clear rules, especially in the US, would positively affect the public's view of blockchain and crypto assets. He stated that this situation could allow celebrities to go beyond short-term token launches and use blockchain to deepen fan interaction.

He stated that it offers the opportunity to create DApps. He added that celebrities can give their fans rewards for activities such as content sharing or participation in virtual events. Fans can use these rewards for privileges such as participation in special events, signed products or projects.

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