Ethereum News Daily Official TheBitTimes.com

Solana (SOL) co-founder Anatoly Yakovenko believes meme tokens have a role to play in advancing the product-market fit of crypto projects. Yakovenko says on the social media platform X that memecoins offer something unique to the crypto industry. According to the Solana creator, memecoins are getting so much attention from crypto traders that digital asset projects are being forced to deliver something of value in order to stand out. “I think previous cycles were also 90% meme 10% product. My theory is that memecoins today have completely absorbed the meme energy that drove other cycles, like DeFi (decentralized finance) summer. Now each product has to make it purely on value. If that’s the case, it’s a good thing for the industry.”  Yakovenko also offers his counter-argument to investors who believe that meme tokens have no fundamental value. He says the market ultimately decides whether an asset or a product is valuable. “Memecoins and NFTs (...

With the success that The Open Network has seen so far this year, TON Ventures has officially launched, with Telegram getting a $40 million investment for its crypto projects. Indeed, several senior builders from the network have created the new fund that will help develop the platform’s continued on-chain applications. TON accelerator program former head Ian Wittkopp will lead the newly launched fund. Moreover, he will be joined by the former head of gaming at the TON Foundation, Inal Kardan. The project has a clear roadmap for aiding the development of several blockchain projects. Source: Medium/Redficrypto Also Read: Toncoin (TON): The Telegram-Linked Crypto to Watch in 2024 TON Ventures Launches as Telegram Ecosystem is Set to Get a Major Boost Telegram’s TON NEtwork has made waves this year. Indeed, that fact is clearly seen in the success of its Toncoin (TON). In the last seven days, the asset has increased more than 25%, according to CoinMarketCap. Those gains contrib...