Vitalik Buterin has voiced several reasons meme coins benefit Ethereum and the crypto ecosystem. Meme coins are driven by viral moments and community hype. While meme coins do not offer practical advancements like other crypto innovations, they are a good place to start for people interested in crypto. While some may think of meme coin as taking the energy away from more important developments, projects do exist in zk reputation/identity/credentials, p2p cross-border payments, decentralized social, prediction markets, privacy, enterprise apps via zk validiums, and zk + censorship-resistant voting according to Buterin. 

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