Coinbase’s CEO Brian Armstrong says Memo Coin is a canary of coal mines and foretells a wide range of tendency of cultural tokenization.
Armstrong said in a new interview with CNBC that Memecoins will eventually lead to tokenization of identity, voting and art.
“I think Memecoins should find a way for artists to get money in the largest sense. Anyone should be able to put money and get money. I think Memecoins is a canary of coal mines. More and more worlds will be tokenized and chains.
All asset classes, all votes, all identities, all songs, all Instagram posts, etc. Now we must also have people to follow the law and do not make a pump and dump plan or internal rich trading, and perhaps there was a little in the space that is not helpful.
All encryption cycles seem to be in a hurry and seem to have forgotten past lessons, but my rich transactions must be clearly prosecuted and people should not do so unless they want to go to prison. ”
However, Armstrong admitted that the recent controversy surrounding memo coins, including the Libra Promotion of Javier Milei, did not help the industry. But he says that there is still a positive basic path to digital assets.
“I think we are in the early stages of this industry. So now it’s Memecoins and some Wild West. There is a good thing that is happening that many innovations are happening.
Bad things are happening in what I understand. If Milei believes in his opinion, it sounds like he shared the information by mistake without understanding the actual share.
My hope is that I hope that this is a long -term thinking about how to create true value for billions of people who are cleaned and people who have updated financial systems. ”
https://www.youtube.com/watch?v=7x6ky_t8jk0
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