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Illuvium co-founder warns crypto ‘meme games’ will bring ponzis, exploits

Illuvium co-founder Kieran Warwick said crypto “meme games” are coming, warning that many will be ponzis, get exploited or die instantly. In comments published alongside a report on the trend, Warwick said there will be ridiculous gains and people will get “absolutely f***ing rinsed.” The remarks point to a new wave of speculative crypto gaming that carries the same risks as memecoins.

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AI take

Warwick's warning is notable because it comes from inside crypto gaming rather than from a skeptic, giving it more weight than the usual outside criticism. The framing — meme games as memecoins with a game attached — suggests the speculative mechanics, not the gameplay, are driving the trend, which matters for players and builders alike. Whether the sector separates durable projects from the ponzi-style entrants, and how exploits shape that split, is the open question worth watching.

Generated by AI for reference only.

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