Blocktower Capital founder: Only a very small number of memecoin buyers care about governance issues

Ari Paul, founder of blockchain investment company Blocktower Capital, said on social media that only a small number of memecoin buyers care about governance issues. Bidding and market value mainly come from derivative speculation. Memecoins are popular because people like gambling, and memecoins are more suitable for gambling than NFTs. With memecoins on Binance, you can gamble with just a click of a button, while dealing with NFTs requires more than 10 times the complexity. The lower threshold makes NFTs more like memecoins (simpler gambling), and we see the positive impact it brings.