Meme pioneer launches NFT lolcats on OpenSea


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The unique “I Can Has Cheezburger?” meme has turn out to be the most recent image of in style tradition to be immortalized as an NFT.

The meme’s creator, Eric Nakagawa, introduced his foray right into a collection of lolcat NFTs on Feb. 23. “Happy Cat” — the crown jewel of Nakgawa’s NFT launch — is being auctioned on NFT market OpenSea, with the very best bid presently sitting at 0.25 ETH.

The ten piece collection, titled “No Fries Right this moment,” includes early lolcat memes and meme-inspired paintings. Some proceeds of the gross sales might be donated to charitable organizations, together with the American Society for the Prevention of Cruelty to Animals, the Web Archive, and the World Wildlife Basis.

Every NFT consists of the backstory explaining how the meme it represents was initially created, with Nakagawa stating he exhumed picture recordsdata from his “historical private archive” for the collection.

Whereas Nakagawa tells Cointelegraph that he “positively jumped the gun on Joyful Cat,” he says he has a few different collections rearing to be launched.

NFTs have been on a tear throughout 2021, pulling $60 million in daily sales on Feb. 23, with many in style tokens drawing inspiration from well-known memes..

A NFT model of “Nyan Cat” — the closely memed video of a flying toaster-shaped feline — sold on Feb. 21 for almost $580,000, on the Basis market app.

In January, American collectibles large Topps launched a collection of caricatures based on a meme-able picture of Bernie Sanders, promoting 8,876 packs of NFT playing cards over a 3 day sale.

Nakagawa is not any stranger to cryptocurrency, presently working as head of Open Supply within the Blockchain division of Novi Monetary — the Fb subsidiary overseeing development of its crypto asset project, Diem.

After co-founding the favored image sharing web site in 2007, he briefly joined Ripple Labs as Director of Progress in 2013, earlier than taking a place as Startup Outreach on the Dogecoin Basis the next yr.

Whereas working with Dogecoin, Nakagawa organized “doge4water,” a fundraiser that collected 40 million DOGE for a Kenya-based charity — value $33,000 on the time.