Hayden Adams, founder of the decentralized exchange Uniswap, has spoken out against the growing trend of public figures exploiting blockchain technology for self-promotion and quick profits. Reacting to high-profile cases like the NYC token launched by former New York City mayor Eric Adams, Adams criticized the lack of substance and transparency in such initiatives, calling them exploitative rather than innovative.
Blockchain Wasn’t Built for Celebrity Cash Grabs
Adams emphasized that blockchain is a transformative tool for collaboration, monetization, and equitable value distribution — already benefiting millions worldwide. Yet, too many celebrities treat it as a shortcut to profit, launching tokens with no real utility, vanishing liquidity, or long-term vision.
"There’s a better way," he stated. "Public figures can leverage blockchain ethically — by maintaining liquidity, offering real benefits to holders, and building transparent, community-driven projects. That path leads to greater rewards and lasting credibility."
Trust Is the Ultimate Asset
- Create real utility instead of fueling speculative bubbles
- Ensure full transparency with regular project updates
- Design sustainable tokenomics, not pump-and-dump schemes
- Use influence responsibly, not to mislead followers
For Adams, the future of blockchain lies in integrity and collaboration. He believes that when influential figures choose honesty over hype, the entire ecosystem benefits. "This technology deserves better than being reduced to a scammy sideshow," he concluded.