Nyan Cat NFT Sells for Over $500k as NFT Craze Continues

The Nyan Cat animation was initially uploaded to YouTube back in 2011 and achieved viral fame ever since. Now, a remastered version for its 10th anniversary has been auctioned via NFT platform Foundation for 300 Ether, about $515,817.

The original video has reached over 185 million views on YouTube and spawned multiple iterations of the original character, such as Smooth Jazz Nyan Cat, Mexican Nyan Cat, Retro Nyan, and many more, becoming one of the most recognizable memes of all time.

Nyan Cat NFT Gets Big Interest

Chris Torres, Nyan Cat creator, and owner of the trademark referred to the auction in an interview with the website Know Your Meme:

“Nyan Cat is more than just a GIF, it’s now an important part of internet history. I’m hoping by doing this it will open the floodgates to a whole new economy for meme creators and artists to validate their work.”

By using Non-Fungible Tokens (NFTs) to distribute art, content creators like Torres are able to capitalize on their art while buyers ensure they are receiving an authentic piece of digital art, the same principle applied in the traditional art market that grants more to original pieces than their copies.

Celebrities are Jumping on the NFT Bandwagon

In recent months, the Nonniche has seen growing popularity among celebrities with the likes of Lindsay Logan minting their own tokens and selling them in NFT markets. Back in early February, the actress sold an NFT with an image on her face for over $17,000 which was later resold for $57,000.

Lohan is now selling a Daft-Punk NFT for 8.8 ETH, which is around $15 at this time. The actress has also expressed her support for cryptocurrency and Decentralized Finance by Tweeting: “Exploring #DeFi and already liking $JST, $SUN on $TRX. Super fast and 0 fees. Good job @justinsuntron”

Joel Thomas Zimmerman, a Canadian DJ known professionally as Deadmau5, has also released its own NFTs since December of 2020. The first collection launched by the artist contained 6000 NFTs…

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