The CEO of Coinbase, Brian Armstrong, says that Memecoins is the canary of the coal mine, prefiguring a broader trend in the tokenization of culture.
In a new interview with CNBC, Armstrong says that he expects merecoins finally to the tokenization of identities, votes and art.
“Even in the broadest sense, I think we should find a way for artists to be paid. Everyone should be able to put illustrations and be paid for this. I think that same is a canary in the coal mine, which more and more people will become tokenized and put in the head.
Each asset class, each vote, each identity, each song, each Instagram publication, whatever – in the future, I think that more and more these things will be token. Now, we must also make sure that people follow the law and do not make pump and delight diets or negotiation of initiates, and there has probably been a little of that in the same space that does not help person.
In each crypto cycle, there seem to be people who rush and they forget these lessons from the past, but the offense of initiate should obviously be prosecuted and people should avoid doing it unless they want to go in prison. »»
However, Armstrong admits that recent controversies surrounding the same – including the promotion of the balance of Argentinian president Javier Milei – were not an excellent look for the industry. But, he says that there is still a positive underlying path for digital assets.
“I think we are at the early stages of this industry, so it’s a bit of the West West with Memecoins at the moment. There is good that comes with what happens a lot of innovation.
There is also trouble what I understand, it seems that President Milei accidentally shared this information without understanding exactly what he shared if you believe his comments.
I hope this is cleaned and that people continue to think long -term about how we are going to create real value for billions of people around the world who need a updated financial system. »»
https://www.youtube.com/watch?v=7x6ky_t8jk0
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