2024

Coin

<ul class="news-points">
 <li><strong>Vitalik Buterin proposes 3 standards for “respectable” celebrity crypto projects.</strong></li>
 <li><strong>Projects should prioritize social good and offer interactive features.&nbsp;</strong></li>
 <li><strong>Long-term sustainability is key, not short-term gains.</strong></li>
</ul>
<p>Vitalik Buterin, co-founder of Ethereum, the world’s second-largest blockchain platform, advocates for greater responsibility in celebrity-backed cryptocurrency ventures. In a tweet, Buterin outlined three key features he believes such projects should possess to be considered “respectable.”</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A quick summary of features that a celebrity crypto project needs to have for me to be more willing to respect it:<br><br>1. Have some kind of public-good goal that it's serving, other than enriching the celebrity and early adopters. Realistically, either an art project or the…</p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1798293391144366184?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Firstly, Buterin emphasizes the importance of a commitment to a “public good goal.” This means the project should prioritize a charitable or social cause it supports, aiming for a positive impact beyond simply enriching the celebrity and early investors.</p>
<p>Secondly, he proposes “engaging mechanics.” Going beyond just trading a token, the project shoul…</p>
<p>The post <a href="https://coinedition.com/vitalik-buterins-3-pillars-for-legitimate-celebrity-backed-tokens/" rel="noopener noreferrer nofollow">Vitalik Buterin’s 3 Pillars for Legitimate Celebrity-Backed Tokens</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Vitalik Buterin’s 3 Pillars for Legitimate Celebrity-Backed Tokens

Coin Edition

Other articles published on Jun 6, 2024

Bitcoin (BTC) Eyes $100K Milestone Amidst Strong Demand and Supply Dynamics

US Unemployment Claims Affect Cryptocurrency Markets

Litecoin (LTC) Reaches Historic 250 Million Transaction: Details

Will Bitcoin fall below $70K after $2.2B options expiry?

Core Scientific Rejects $1B Offer from CoreWeave, Opts for $3.5B AI Partnership

Bitcoin Approaching All-Time Highs: Why Is Retail Interest Rapidly Declining?

Join our free newsletter for daily crypto updates!