NFTs or Non-fungible tokens are all around us now. So much so that it becomes hard to keep track of all the NFT trends with new projects launching every day. Despite all the chaos, a rising meme NFTs trend has made its place in the market. Memes are non-fungible i.e. very unique which makes them a perfect choice among NFT collectors.
But before we try to understand this sudden phenomenon, let’s get clear with- what a meme NFT is?
What are Meme NFTs?
NFTs are Non-fungible digital items stored on a digital ledger using blockchain technology. These items must be unique, unlike crypto coins that are all the same to make them non-fungible. It could be anything like art, gifs, music or any digital file. But when the digital file is a meme then it’s called a meme NFT.
These NFTs once minted can be sold directly or through an auction on a meme NFT marketplace. Some classic memes like “Disaster Girl”, “Success Kid”, and “Overly-attached Girlfriend” were being sold as NFTs last year. These classical memes made a huge impact in the NFT world.
Let’s take a look at why such NFTs are trending among NFT collectors.
Rising Meme NFTs
When NFTs started as a phenomenon, the most popular NFTs to look out for were art, collectables and video clips. But now NFTs are diversifying and memes have risen to the occasion. Due to the popularity of memes, their perceived value is high that making it an ideal piece to own by collectors. This is a major factor that makes meme NFTs popular.
A Way To Monetize
Earlier a meme creator couldn’t get money off such accidental popularity. But Zoe Roth who was the girl behind the classic “Disaster Girl” sold her NFT for $500,000 in an auction. This shows how NFT opens up a possibility for creators to make money through memes
Upcoming Meme NFTs
A lot of classical memes are being sold. But there are still memes that haven’t entered the marketplace yet. So, we can see a lot of them making their debut real soon in the NFT marketplace. Such classical memes are valuable because they retained popularity over the years making them collectable.
Popular memes other than the classical ones also hold a lot of potential. If such a meme sustains its popularity over some years then it becomes incredibly valuable. So a person minting a meme NFT now can flip it for a profit later on.
How MOM helps in making meme NFTs popular
MOM is a meme token with a purpose. One of the purposes that MOM fulfils is that it allows members to create, sell and buy meme NFTs on their NFT platform. This not only provides a community for everyone to popularize meme NFTs but also become an ideal marketplace to sell new NFTs.
MOM smart contract had been audited by Tech rate. So, it is one of the safest options for future memers to showcase their memes and disrupt the meme NFTs space.
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