🚀 Dan Finlay, co-founder of MetaMask, has just experimented with memecoins to explore the issue of consensus and trust in Web3.
🔍 Minting 2 tokens “Consent” on Ethereum and “I Don’t Consent” on Solana, Finlay sees the intersection of hype and responsibility.
💡 The results show the need for clearer systems of consensus, trust and responsibility in blockchain and AI.
💸 Memecoins are fraught with financial risks; their value increases rapidly but lacks a clear structure, leading to losses for participants.
🤔 Finlay calls for improved tools and incentives in the memecoin ecosystem to increase fun and usefulness.
🌐 What do you think about the future of memecoins and Web3? Share in the comments! 👇