NFT madness breaks out when a Nakamoto card with a green frog meme is sold for 149.99 ETH

The craze for non-fungible tokens (NFT) reveals no indicators of subsiding, as a digital trading card combining many traditional memes sells for over half a million {dollars} in Ethereum.

According to listings on the main NFT platform OpenSea, a portrait token of Dorian Nakamoto – a Californian who was attributed to Bitcoin inventor Satoshi Nakamoto in 2014 – with the title “Pepe the Frog” was sold for 149.99 ETH.

The supply: Open sea

The token is a part of a assortment of “rare pepes” created within the mid-2010s however later added to the Ethereum blockchain utilizing a protocol known as the Emblem Vault. The character Pepe was taken from a 2005 comedian ebook known as “Boy’s Club” by Matt Furie, however later turned widespread within the meme world.

NFT was minted in 2016 as a part of a assortment of 300 and sold by a consumer named Emblem.Deployer to a different consumer named TeeJayOrT who owns many different fashionable tokens, together with 4 CryptoPunks and 5 Meebits.

While some consider the NFT house is in a bubble, Meltem DeMirors is from digital asset supervisor CoinShares called NFT is the standing symbol for a new class of customers.

“Is NFT a bubble? Are not. The new wealth is the bubble …

For the primary time in historical past, greater than 1% of the world’s adults are millionaires – that is 56 million millionaires. Her whole internet value is $ 158 trillion. There are 21 million bitcoins. There are 10,000 punks. There are 100 stones …

For these of you who say it is silly to spend thousands and thousands on JPEGs and that we should always prioritize fixing world starvation, then flip to the giants of business artwork collectors first. They spend $ 200 million on splotches of paint. Why is $ 2 million for pixel blobs not being taken severely? “

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Annie

According to Dailyhodl

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