The same, although often considered as humorous internet assets, have become a popular part of crypto trading. Many investors have made profits thanks to these digital tokens, especially with the continuous increase in trading activity. However, during the weekend, the co-founder of Solana, Anatoly Yakovenko, expressed serious concerns about their true value during a series of publications on X.
In short
- The Co -founder of Solana, Yakovenko, qualified the same and the NFTs “digital waste” without fundamental value.
- Sterling Crispin said that low liquidity tokens knowing high price increases often have toxic fundamentals.
- Pollak stresses that not all tokens are equal: fundamentals count more than the platform used.
The Co -founder of Solana questions the sustainable value of the same
Yakovenko described the same and the NFT “digital slop”. He compared them to objects found in mobile games, suggesting that they are attractive in their design, but empty of substance. According to him, they work like loot boxes in free applications, which generate billions of dollars each year despite the absence of sustainable value.
I have been saying it for years. The same and nft are “digital slop” and have no intrinsic value. Like a loot box in a mobile game. People spend $ 150 billion a year in mobile games.
Anatoly Yakovenko, Co -founder of Solana
His remarks drew attention partly because Solana herself benefited a lot from the tendency of the same. The blockchain has seen its use and revenue increase thanks to the popularity of these assets, in particular via Pump.fun, a platform based on Solana where users can launch chips easily.
Opposite views of the quality and goal of the Tokens
The debate began after an artist and developer, Sterling Crispin, compared the Creator Coins emitted via the Zora protocol with the same on Pump.fun, a platform built on Solana. Crispin argued that tokens with very little liquidity and quickly ascending price curves on automated market makers often end up doing nothing.
The developer noted that, although labeled as creative or cultural, these tokens often work in the same way. He described this space Like a place where gains are generally made at the expense of others. According to him, it is mainly ordinary users who are at risk, especially when they face coordinated groups or fast trading bots.
Jesse Pollak, the basic creator, replied by defending the creators And the use of tokens to support their work. He said that digital content has real value, and that corners offer a means of transferring this value between creators and audiences. Pollak believes that tokens can give more control to the creators on their income and unlock new commercial opportunities.
He also said that not all tokens are built in the same way. According to him, grouping the pump.fun and Zora tokens together obscures the differences in their structure and their objective. For Pollak, it is the fundamentals that must guide the judgment made on the tokens, and not simply where or how they were created.
Debate value: hype or innovation?
Yakovenko maintained that the attraction of these tokens is especially fucked by the online buzz. He explained that buyers often count on entering early, in order to take advantage before the excitement falls. According to him, the creators try to maintain attention on the token as long as possible, even if it is done at the cost of their own image. He added that if a token had real value, its price would not drop simply because someone sold it. The true value, he said, should remain stable regardless of the owner.
Pollak did not agree, saying that it is wrong to treat all tokens in the same way. He pointed out that all the corners launched via platforms like Pump. Fun do not enter into one and the same label. According to him, it is important to consider each project individually, rather than rejecting them all in one category.
The same always feed the solana momentum
Solana's recent growth has been strongly supported by the same. Although Yakovenko questions the underlying value of this activity, she drew the attention and activity of users in the Solana ecosystem.
Ray Youssef, CEO of the Crypto Noones market, told Decrypt that if Solana moves away from the same and NFT, it risks losing the link with key forces that have relaunched its ecosystem. He underlined The fact that recent growth comes from enthusiasm around these tendencies, and getting away from it could weaken this momentum.
In addition, the wider market for the same remains considerable. Coinmarketcap data estimate their total value at around $ 75 billion. Many of the most recognized tokens, including Dogecoin, Shiba Inu and Pepe, recorded small price drops of around 2 % in the past 24 hours. Others, such as Floki and Pudgy Penguins, experienced slightly more marked declines, falling 4 % and 6 % respectively.
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