a16z Raises $7 Billion Fund Without Meme Coin Allocation, Sparks Crypto Industry Debate
Venture capital firm a16z has raised $7 billion without earmarking any funds for meme coins, sparking debate on the role of meme coins in the crypto industry. The firm's stance against meme coins has drawn mixed reactions, with some questioning the impact on crypto's image and others highlighting the community value they bring. Various individuals express differing opinions on meme coins, from their potential for high returns to their impact on the market and investor behavior.
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blockgraze
the a16z CTO explaining to me that memecoins have no fundamental value https://t.co/3636XxeIBr
fity.eth How do I explain memecoins to my mom?
Che 👹 Memecoins are the defi of this cycle and the icos of the cycle prior thesis: Everyone hates and distrusts tardfi No one trusts the gov to properly regulate the monetary supply ppl making 150k cant afford children without extra gains tax increases keep getting proposed and…