How Has The Global Meme Culture Evolved Into NFTs?
Memes on the internet are as old as the web itself. Since microblogging has become commonplace in today’s society, gentle, amusing, and cheerful content on the topic has skyrocketed in popularity.
Internet jokes weren’t the first kind, though. In his book “The Selfish Gene,” published in 1976, renowned biologist and novelist Richard Dawkins first popularized the term “meme.” The main idea of Dawkins’s book is that cultural innovations, unlike genes, move from one person to another through imitation, or in the case of internet memes, by sharing on social media.
Memes aren’t just humorous or satirical photographs, videos, GIFs, or movies; they may also be spoken phrases, ideas, behaviours, or fashion fads that spread online and then into real life.
So, what exactly are NFTs?
Non-fungible tokens (NFTs) are developing as a new investment alternative, thanks to the growing popularity of cryptocurrencies. Multimillion-dollar sales attest to their widespread acclaim among today’s youth.
Not only do millennial investors find the latest trend in digital currency fascinating, but so do many HNIs and Ultra HNIs.
Non-fungible tokens (NFTs) are a form of novel cryptocurrency that is expected to see rapid growth. It is widely believed that NFTs will make investors wealthy after the success of Bitcoin, Ethereum, and Dogecoin. Because of this, they have lately garnered attention in the crypto industry.
Why do people use NFTs to spread memes?
Memes share a single characteristic: their individuality. Many of them have become online celebrities after having their identities stolen.
While the reality that certain fictional characters have become international sensations without even their first names being known to the vast majority of people throughout the world may seem strange, awkward, or even ridiculous at times, it is an undeniable fact.
The question that emerges now is how those who have found fame through the creation of a viral internet meme face choose to capitalize on their newfound notoriety.
How can they make money off of their likeness when it has been used as a meme for years, if not decades, without their permission?
Even if copyright rules are beginning to become more uniform around the globe, the internet is not. Copyright violation is commonplace on the Internet, yet they seldom defend artists.
Internet meme creators and owners are minting and selling digital copies of their memes as non-fungible tokens (NFTs) to combat this multifaceted issue. Some of the most recognizable and widely shared memes are already making their creators into multimillionaires.
NFTs provide a means for artists or creators to be financially reimbursed for the use of their work or likeness, but they do not guarantee the holder copyright ownership of the asset.
The money made through the selling of meme NFTs is long overdue for the folks who became viral sensations by mistake. They deserve this honor very much.