Celebrity meme coins ridiculed by famous NFT artist

Celebrity meme coins ridiculed by famous NFT artist

Andrew Tate, Iggy Azalea, and their Solana-based meme coins have once again found themselves in the spotlight of the crypto community.

Andrew Tate, Iggy Azalea, and their Solana-based meme coins have once again found themselves in the spotlight of the crypto community.

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Beeple, a renowned digital artist in the crypto space, has unveiled his latest artwork, “Mother and Daddy (2024)”. This digital piece is a modern reimagining of Grant Wood’s iconic “American Gothic,” featuring rapper Iggy Azalea and influencer Andrew Tate.

The release of this artwork comes amid a wave of celebrity meme coin releases, including the Tate-inspired Daddy Tate (DADDY) meme coin and Azalea’s Mother Iggy (MOTHER) meme coin.

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Beeple became famous after breaking a record by selling his NFT artwork for a whopping $69 million during the 2021 NFT hype. During that time, celebrities actively backed countless NFT projects, most of which , however, would not survive the massive market crash that followed.

Beeple’s new NFT offers a satirical take on celebrity crypto influencers, referencing that era. According to the artist, the participation of celebrities in meme currencies exemplifies how digital finance transcends borders, fostering economic instability and risk for many.

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Sunday, 06/02/2024 – 12:48
Iggy Azalea’s Solana Meme Coin Soars 1,875% in 2 Days

Australian rapper and entrepreneur Iggy Azalea has received a lot of attention in the cryptocurrency world recently. In early June, she launched her own token, MOTHER, which it shot itself almost 2,000% in just two days.

Azalea later clashed with Ethereum’s Vitalik Buterin, who criticized celebrity-backed digital assets that focus on direct monetization without any added value.

Related

Sunday, 06/02/2024 – 12:48
Iggy Azalea’s Solana Meme Coin Soars 1,875% in 2 Days

Andrew Tate took a chance on MOTHER’s hype with his response to Azalea’s meme coin. He announced a $1 million investment in Solana meme coins.

However, some community members doubt the initial investment claim. Several experts go as far as hinting privileged activity during the launch of DADDY.

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