YouTube co-founder and former CTO Steve Chen supports a Memecoin project called Pajamas (PAJAMAS) based on the first cat video uploaded to the platform in 2005. The project was launched on the Solana blockchain and currently has a market value of over $20 million. Chen said he was not initially involved in the project, but was driven by a large number of users and found widespread distrust in the Web3 world. He has also been involved in several other tech projects, including an AI-based exchange-traded open-end index fund and investing in startups.