As more celebrities dive into memecoins, a former Hollywood executive who now works in the Web3 space expressed the flaws surrounding celebrity-backed tokens and offered a potential alternative in the form of decentralized applications (DApps). At the Token2049 event in Singapore, Cointelegraph journalist Ciaran Lyons spoke with Andrew Saunders, the chief marketing and growth officer of the Ethereum Virtual Machine (EVM) blockchain Skale, about celebrities jumping into Web3 through memecoins. The Skale CMO criticized the current state of celebrity memecoins and said that he would stay away fro…