Viral Memes and NFTs: How Monetization Would Shape Communication on the Internetby@edward-moon

Viral Memes and NFTs: How Monetization Would Shape Communication on the Internet

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NFTs are non-fungible tokens that are digital, minted on a public blockchain like BNB Chain. Artist Beeple, a contemporary artist, sold his collection for $69 million in 2021, triggering a boom in NFT memes. Artists embrace NFT for the efficiency it brings to the table and allows them to bypass intermediaries, including auction houses, reaping more from their creations. For instance, the viral YouTube video "Charlie Bit My Finger" was converted into an NFT and sold for $760,999.

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