LIBRA Developer Pursuing Nigerian Meme Coin Project

Source
JH Kim

Summary

  • Kelsier Ventures has been revealed to have pursued a Solana-based meme coin project in cooperation with the Nigerian government.
  • As criticism increased, the likelihood of the project's realization has decreased.
  • Kelsier Ventures has reportedly been in contact with other countries for similar projects.

On the 17th (local time), cryptocurrency media Wublockchain, citing cryptocurrency analyst The Big Whale, reported that "Kelsier Ventures, the developer of Argentine President's meme coin LIBRA, had been working with Nigerian government officials to pursue a meme coin project similar to LIBRA on Solana (SOL).

While it remains unconfirmed whether Nigerian President Bola Tinubu was directly involved, the project had made significant progress.

However, as criticism of LIBRA grew, the likelihood of this project being realized has diminished.

Meanwhile, Wublockchain reported that "Kelsier Ventures is understood to have contacted other countries to pursue similar projects."

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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