Elon Musk is well-known for his fondness of memes. He frequently retweets them on Twitter, where he has 61 million followers.
Others, on the other hand, have benefited from Musk’s practice, including self-proclaimed “hobby artist” Eva Beylin, who claims that she makes a living off of it.
Elon Musk retweeted a joke that became an NFT in October 2021. An image depicting two lovers looking at Bitcoin and Ethereum prices, titled “Love in the Age of Web3,” made that 28-year-old lot of money.
The same day that Musk posted the image, Beylin listed the NFT for sale on Twitter.
The NFT was purchased by an unknown buyer for $20,004.71 USD just two days later.
In addition, the new buyer immediately re-listed the NFT for sale for WETH (277,774.54 USD.)
As of this writing, the ‘Love in the time of Web3′ NFT has received another offer for 6.942 WETH (27,774.54 USD.).
If the NFT is sold, Beylin will get 15% of the sales price.
alright this has gone TOO far – what started as a funny meme about serendipity of btc/eth prices is now… 69.42 ETH on 2nd market?!— Eva Beylin (@evabeylin) October 22, 2021
this is the power of web3 – it wouldn’t be possible for a hobby artist like me to earn from art in web2 🤯
ty @ourZORA 🌜https://t.co/74eIc3xmzx
Beylin was ecstatic when Musk reposted her joke on Wednesday. “The ultimate prize of memeology is for the ultimate meme lord to use your meme,” says 28-year-old Beylin.
Beylin may not have been given attribution by Elon Musk, but she is over the moon. She says she’s a huge fan of Musk and that he has impacted her life in an influential way.
Despite the fact that it was Beylin idea on creating the meme, she did not create the cartoon couple or modify bitcoin and ether prices.
Beylin was inspired to make the meme after seeing a tweet from another Twitter user who modified the cryptocurrency prices and posted them as a joke.
When Elon retweeted the meme on April 28, a second meme creator seized the chance to turn his picture into an NFT.
An account called SwipeWright published it on Opensea.
It’s clear that he created the meme on August 6th, 2021, as it “records his political journey while remaining in the same place.”
The description also linked to his previous post from last year and Elon’s recent tweet on the subject.
As of this writing, the NFT is being bidded for 1.3125 WETH or around $3,662.79, with the current highest bid.
NFT and Memes
Last year was the year for Meme NFTs, and it’s just getting started.
In September 2021, a classic “Side-Eyeing Chloe” meme was sold for 25 ETH or $75,000 as an NFT.
Last year, the iconic ‘Coffin Dance’ video was also sold on Foundation.
This year, meme culture is alive and well on the Web3, memes are seeing a new direction. Even 9GAG, a long-time source of memes and other hilarious daily events, has announced their first-ever NFT project, named Memeland.