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Bitcoin.com
2024-04-27 04:22:47

A16z Exec Blasts Meme Coins: They Make Crypto Look ‘Like a Risky Casino’

A16z Exec Blasts Meme Coins: They Make Crypto Look ‘Like a Risky Casino’

Eddy Lazzarin, CTO of A16z Crypto, one of the largest cryptocurrency-focused venture capital funds, has criticized the meme coins’ effect on the broad appreciation of the cryptocurrency market. Lazzarin stated that meme coins undermined the “long-term vision of crypto” that has maintained some actors in the space, making it look “like a risky casino.” A16z

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