Investment Firm A16z Warns that the Memecoin "Casino" may jeopardize the Future of Crypto.

Quick Summary:

The Chief Technical Officer at one of the biggest and most influential venture capital firms active in the crypto and blockchain space wasn't pulling any punches when he decided to publicly ...

At best, it looks like a risky casino.

Or a series of false promises masking a casino" Eddy Lazzarin, CTO of Andreeson Horowitz VC fund a16z Crypto, said in one post to the social media platform X."This deeply affects adoption, regulation/laws, and builder behavior.

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Author / Journalist: The Block

Category: Technology

Markets: United States

Topics: Tech News Contributors Cryptocurrency Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-25 @ 18:39:26 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 134 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20790394

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