MICA Daily｜CZ urges developers to focus more on developing Blockchain applications, rather than meme coins

The founder of coin, Zhao Changpeng (CZ), posted on X community, expressing his subjective opinion that developers should focus more on creating Block chain applications with practical value, rather than meaningless meme coins. However, this is not out of disgust for meme coins, but rather the hope that Block chain technology can be used for more constructive purposes. Vitalik Buterin, the founder of Ether Square, has also suggested that creators should develop interesting Block chain games rather than simple copies of meme coins. He suggested transforming meme coins into projects that contribute to the ecosystem, rather than just benefiting insiders.

While CZ feels that the development of meme coins has shifted from interesting to bizarre, some meme coins have become hugely popular due to support from celebrities like Musk, such as Dogecoin (DOGE), and the price of coins has fluctuated with such news. Currently, with the launch of platforms like Pump.fun for Solana and SunPump for Tron, the number of meme coins has surged, with thousands of new coins emerging every day. However, most lack value, becoming one of the issues in the cryptocurrency industry.

However, many people in the community believe that the value of meme coins lies in providing emotional value and driving related communities. It is also the main source of volume for small and medium-sized cryptocurrency exchanges. It is not realistic for the industry to abandon meme coins. This kind of meme coin, which is interesting and ironic, is widely loved by the community. Its main value is like a mascot.

Statement: The article represents only the author's personal views and does not represent the objective viewpoint and position of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Block will not bear any responsibility for the direct or indirect losses incurred by investors in their transactions.

<MICA Daily | CZ calls on developers to focus more on developing Blockchain applications, rather than meme coins> This article was first published in Block Client.