a16z Crypto CTO criticizes Memecoin, saying it undermines cryptocurrency's 'long-term vision'

According to BlockBeats, on April 25, according to The Block, a16z Crypto CTO Eddy Lazzarin criticized Memecoin, saying that it undermined the "long-term vision" of cryptocurrency, tarnished the "public, regulators and entrepreneurs'" view of the industry, and acted as a casino for a "relatively small number of people." Eddy Lazzarin, CTO of a16z Crypto, said in an article: "Memecoin has changed the public, regulators and entrepreneurs' views on cryptocurrency. At best, it looks like a risky casino. Or a series of false promises that cover up the casino. This deeply affects adoption, regulation/law and the behavior of blockchain builders. I see this damage every day." Michael Dempsey, managing partner of investment company Compound, said: "Seeing meme coins lead to the loss of cryptocurrency developers is even more serious than the bear market in the past few years."