According to Odaily, Steve Chen, the co-founder and former Chief Technology Officer of YouTube, has shown support for a Memecoin project named Pajamas (PAJAMAS). This project, which is based on the first cat video uploaded to YouTube in 2005, has been launched on the Solana blockchain and currently has a market value exceeding $20 million.
Chen initially did not participate in the project but decided to support it due to the encouragement of a large number of users. He also noticed a widespread phenomenon of distrust in the Web3 world. In addition to this, Chen has been involved in several other tech projects, including an open-ended index fund based on artificial intelligence and investments in start-ups.