Central African Republic's land tokenization plan, originally a state-backed crypto project, faces controversy linked to a memecoin and deepfake claims.
A memecoin 'CAR' symbolizing unity turned questionable, with concerns over centralization and manipulation due to its concentration in few wallets.
Issues intensified as Persian media highlighted doubts about an AI-generated video featuring President Touadéra and suspicions around the project's legitimacy.
The land tokenization on Solana lacks official legal backing, casting doubt on its legitimacy and positioning the initiative more as a hype-driven experiment with uncertain outcomes.