YouTube Co-Founder Steve Chen Announces Support for Innovative Memecoin Project – $MEME

<ul>
  <li>YouTube's co-founder Steve Chen is backing a memecoin project inspired by one of the platform's first cat videos.</li>
  <li>This project has garnered significant attention, boasting a market cap exceeding $20 million.</li>
  <li>Chen has expressed his deep commitment to the project, dedicating 80 to 100 hours per week to support it.</li>
</ul>
<p><strong>Discover how YouTube co-founder Steve Chen is revolutionizing the crypto space with a memecoin inspired by an iconic cat video, now valued at over $20 million.</strong></p>
<h2><strong>YouTube Co-Founder Backs Memecoin Inspired by Iconic 'First Cat' Video</strong></h2>
<p>The memecoin, named Pajamas (PAJAMAS), draws inspiration from a cat video Chen filmed 20 years ago. The video, featuring Chen's cat Pajamas "playing and dancing to a Nick Drake melody," was uploaded to YouTube on May 22, 2005. It is one of the first cat videos uploaded to the site and has become a part of internet history.</p>
<p>Chen, whose net worth is estimated to be over $1 billion, has shown his deep commitment to the project. He dedicates between 80 to 100 hours per week to support Pajamas, which is hosted on the Solana blockchain.</p>
<h3><strong>Chen's Deep Involvement and Broader Tech Ventures</strong></h3>
<p>Chen's involvement began after being tagged by approximately a hundred users on X, urging him to purchase the token. Since then, he has become an active supporter of the memecoin. Pajamas is just one of many tech ventures Chen is involved in, including an AI-based exchange-traded fund and investments in Taiwan-based startups.</p>
<p>Reflecting on his experiences in the Web3 world, Chen expressed concerns about trust within the community. "Whenever I want to meet someone significant or influential in the Web3 space, at least one person warns me against meeting or talking to them," he said.</p>
<h3><strong>Conclusion</strong></h3>
<p>Steve Chen's foray into the crypto world with the Pajamas memecoin underscores the evolving landscape of digital assets and the growing intersection between technology and finance. As Chen continues to support and develop this project, it will be interesting to see how it impacts the broader crypto community and whether it inspires other tech entrepreneurs to explore similar ventures.</p>