tl;dr
Pump.fun, a major Solana-based token launchpad, has announced the temporary suspension of its livestreaming feature due to public safety concerns. The feature, which allowed users to stream video alongside the creation of meme coins, has been removed from the platform. This decision comes in respons...
Pump.fun, a major Solana-based token launchpad, has announced the temporary suspension of its livestreaming feature due to public safety concerns. This decision comes in response to controversy and criticism within the crypto community, as some livestreamed content raised serious ethical issues.
The co-founder of Pump.fun addressed these concerns, emphasizing the responsibility to prevent the dissemination of harmful or offensive content. The platform's livestreaming feature, which allowed users to stream video alongside the creation of meme coins, has been removed from the platform.
After the feature disappeared, the company confirmed that it was removed in the interest of public safety. Some notable figures in the space suggested that they would no longer use the platform if the feature remained.
The platform utilizes a content moderation team to moderate illicit content on the site, including “images, videos, live streams, and comments.” Previous controversy arose from the release of its tokenized video feature, which allowed users to create a meme coin using a video or GIF file.
Pump.fun, known for its role in fueling the surge of meme coins and as the largest token launchpad on Solana, has averaged more than 50,000 new coins daily in the last week. It has helped multiple tokens from the platform briefly reach the top 100 cryptocurrencies by market cap.
The company stated that the livestreaming functionality will be paused for an indefinite time period until the moderation infrastructure is ready to deal with the heightened levels of activity. The decision to suspend the livestreaming feature signifies a response to public safety concerns, with a focus on responsible content moderation.