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CoinDesk Turns 10 – The Rise of the Meme Economy in 2020

May 11, 2023
in Bitcoin
Reading Time: 1 min read
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In early 2021, out of labor, caught at house, and with loads of time on his arms, Torres experimented with NFTs. In February 2021, he offered an NFT of the Nyan Cat for 300 ETH, price roughly $590,000 on the time. To these simply skimming the headlines, the sale signaled that the crypto bull run had gone too far, that the area had misplaced its collective thoughts. To Torres, the sale was an overdue recognition of possession. “It actually wasn’t till Web3 that I used to be in a position to maintain myself,” says Torres, who now works full-time as an artist and helps different meme-creators monetize their work.

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Tags: CoinDeskeconomyMemeRiseturns
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