Kain Warwick, the founder of Synthetix and Infinex, compared the current frenzy around meme coins to the initial coin offering (ICO) craze of 2017-2018. He believes that both trends emerged due to structural inefficiencies in the industry. While ICOs faced regulatory crackdowns, meme coins are unlikely to face the same fate, opening up a unique opportunity for self-regulation within the crypto ecosystem. Warwick expressed concerns about bad actors taking over important infrastructure in crypto and highlighted the role of influencers in promoting scam projects. He called for self-regulation within the crypto community and proposed the development of a platform, such as Kaito, that can track market awareness and offer a fairer launch environment for tokens.



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