The novel phenomenon of NFTs (Non-Fungible Tokens) has become incredibly popular. In the last couple of years, and with it, came multiple appearances of NFT memes. These memes combine comedy and aesthetics. And the bewildering aspect of the NFT industry, making them a viral product on social media. It’s in this article that we will be looking at NFT meme. And their relevance in pop culture as well as analyzing the evolution of NFTs.
NFT Memes – Where Do They Come From?
With the rise of awareness and growing adoption of NFTs especially with the crypto rise of 2021. It was only a matter of time before memes were involved. Whether mocking the high-priced digital artwork or dialectics of the new-fangled blockchain terminology. Memes on NFTs have served as funnels through which the opinions of critics and advocates can be channeled.
For example, one popular meme might show a basic JPEG image, with the caption: “This costs $69 million as an NFT,”. This relates to the notorious artwork piece by Beeple that was sold for $69 million at a Christie’s auction. These memes are a testament to the reality that Internet users are capable of sharing anything. Including sophisticated financial products such as NFTs.
Why NFT Memes Are So Popular
Memes are by their nature an internet phenomenon, and NFTs are intrinsically connected to the internet. The idea of investing hundreds of thousands of dollars in something most people think can be replicated. Or even captured through screenshots has caused outright questions and confusion and thus the perfect meme material. Here are a few reasons why NFT memes have become so popular:
- Accessibility: Memes help to bring clarity into the challenging topic of NFTs. And share simple and familiar words on a complex topic.
- Humor in the Hype: There exists more than enough material to parody with the latest million-dollar sales. And celebrities launching their own NFT collection. Memes are a form of mockery and comedy. That can both endorse and condemn the phenomenon at the same time.
- Community Bonding: Memes are a medium that seems to give end users and buyers. And spectators a sense of participating in the NFT market. The putting up and generation of memes helps in the formation of a society’s voice. In an opinion shared among individuals.
Memes as NFTs
Notably, some forms of memes are themselves being tokenized as NFTs. Popular internet memes such as the Nyan Cat and Disaster Girl have been sold as NFTs for decent money enabling meme makers to profit off their work. This trend shows that even such temporary trends as the transmission of memes can be transferred into the world of NFTs and change the perception of the ownership of digital content.
Sharing memes as NFTs has provided digital artists or meme developers the opportunity to get paid for their viral content. What used to be forever a viral image or just a funny video can now be the rare pixel with the rightful owner. This has brought about the aspect of meme culture and digital art in an interesting manner; everyone can draw now.
NFT Memes as a Marker for Growth of the Market
On the one hand, memes in NFTs are usually humorous statements; on the other hand, the NFT market is seen by the community. Memes help shape the narrative, providing commentary on topics like
- High valuations: Many memes address the absurdity of the prices of NFTs and sarcastically ask whether there is any deep meaning behind them.
- Environmental concerns: Another topic has been the energy consumption of the blockchain and everyone shared meme images regarding the environmental impact of minting NFTs.
- FOMO (Fear of Missing Out): Some memes simply reflect the presumed panic of people not wanting to miss the next big Non-Fungible Token drop, in their rush to invest.
Bermuda Unicorn: Combining Memes and NFT
Services such as Bermuda Unicorn are already out there trying to integrate NFTs with a meme-centric approach. Thus, Bermuda Unicorn provides a platform where imagination and creative ideas go hand in hand and even the memes can be considered valuable tokens. The platform’s innovative 3D microblogging, enables one to interact with the NFT space and post his or her opinion regarding the meme-based collection.
Conclusion
It’s hard to describe just how well NFTs and memes go together like bread and butter. Because of the dynamic nature of NFTs, there is surely going to be a continuous creation of memes that relate and engage with them, positively or negatively. For those who like NFT or simply find the whole concept hilarious, at least, memes give a somewhat sane insight into the otherwise bewildering sphere of digital assets.