🌋 Polygon Considers Boosting Select Meme Coins
posted 26 Dec 2023
Sandeep Nailwal, the co-founder of Polygon, is exploring the idea of endorsing certain popular meme coins on the Polygon blockchain to draw in a broad array of new users. He noted that there is sustained interaction with these projects, even in the absence of inherent utility.
"The communities keep tagging me in their tweets and I don't know what to do about it!" said Nailwal.
He attributes this phenomenon to the current generation's leaning towards high risk rather than functionality, drawing parallels between today's meme coins and PFP NFTs. These projects, launching in droves, quickly attracted vast numbers of users without offering any direct practical use.
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