Odaily Planet Daily News: YouTube co-founder and former CTO Steve Chen supports a Memecoin project Pajamas (PAJAMAS) based on the first cat video uploaded to the platform in 2005. The project was launched on the Solana blockchain and currently has a market value of more than $20 million. Chen said that he did not participate in the project at first, but supported the project under the impetus of a large number of users and found that there was widespread distrust in the Web3 world. He has also participated in several other technology projects, including an AI-based exchange-traded open-end index fund and investing in start-ups.